Exploring the Partnership Agreement in 2012 LIVE Webcast
Decision makers must have a thorough understanding and assessment when coming up with a partnership agreement with other businesses to ensure protection and retention of their business’ property and resources.
The Knowledge Group is assembling a panel of experts to help you understand the critical elements of the partnership agreement in today’s challenging business and regulatory environment. The speakers will share their expertise in a two-hour LIVE Webcast which will cover the following key topics:
• New Exempt Reporting Advisers Rules and Practice
• Overview of Partnership Agreement Preparations
• Capital Calls Planning Strategies and Potential Defaults
• Secondary Tansfers
• Annex Funds Possibilities
• Addressing General and Limited Partner recovery
• Tax Planning
• What happens when a General Partner Leaves?
• Change implementation in the Venture Firm
• Other issues
Jeffrey M. Bloom, Partner; Chair of the Venture Capital and Private Equity Fund Formation group,
Fenwick & West LLP
- Investment Advisers Act for Venture Capital and Growth Equity Funds after Dodd-Frank – Don’t Panic (this would include discussions of VC and PE less than $150M exemptions, Exempt Reporting Adviser compliance, and practical implications of registering as an RIA)
- Planning up front for GP governance and what is your investment firm’s DNA (governance strategies/generational change/departures/avoiding setting up the wrong incentives when ties are tough/insurance – good planning up front can avoid significant costs later)
- Planning appropriate capital call provisions and default provisions (flexibility for maximizing cash flow planning, default provisions that address current unstable markets – it is not all up and to the right, how to keep the fund stable)
Lauris G.L. Rall, Partner,
- Structuring varying economic interests in the Fund Partnership – use of classes of limited partnership interests, calls, put options and other features.
- Redemption procedures and liquidation strategies for Funds.
- Limited Partner input into management decisions; planning for succession or removal of the GP and Fund Manager.
- Limited Partner transfer rights and mechanisms for permitting current partners to have first rights to interests of departing investors.
Who Should Attend:
- COO/CFO of Corporate Legal Departments
- General Counsel and Corporate Attorneys
- Corporate Heads (Executive Directors, Finance Directors, Managing Directors, Controllers, Analysts)
- Tax Professionals
- Other Related Professionals
Jeffrey Bloom is the Chair of the Venture Capital and Private Equity Fund Formation group at Fenwick & West. His practice focuses on all aspects of the representation of venture capital, private equity and similar private investment funds, from their initial formation and fundraising process, through day to day operations during deployment and harvesting, to wind-up, the related internal business operations of the fund managers sponsoring such funds, and the deployment of capital into various investments throughout the term of the funds. Jeff’s practice also includes technology joint ventures, incubators, technology startups, cross-border planning and technology transfers that utilize partnership and similar “flow-through” entities in their structuring.
Previously, Jeff held a range of management level operating and internal general counsel roles at various institutional private equity funds, was a partner at Wilson Sonsini Goodrich & Rosati and a tax attorney at Paul, Weiss in New York. He is a graduate of MIT, where he earned his degree in architectural design, and he holds his J.D. and Taxation LL.M degrees from NYU School of Law. Jeff has been a regular speaker on legal and business development issues of interest to the venture capital community.
Jeffrey Bloom is the Chair of the Venture Capital and Private Equity Fund Formation group at Fenwick & West. His …
Lauris Rall is a member of SNR Denton’s Capital Markets practice. He has also been involved in various partnership and limited liability company finance transactions, syndications, fund offerings, restructurings and liquidations. Among Lauris’s clients are domestic and foreign companies in a wide range of manufacturing and service industries. He counsels them regarding various legal aspects of business transactions, including acquisitions and securities offerings. In addition, he assists with the formation and capital finance of numerous start-up businesses, including companies involved in e-commerce, the Internet and related technologies. Lauris has been cited in Chambers USA America’s Leading Lawyers for Business. He is an Adjunct Professor at Cardozo Law School, teaching a course in the laws of Partnerships and other Alternative Business Entities. Lauris was formerly a partner with the law firm of Thacher Proffitt and Wood LLP.
Lauris Rall is a member of SNR Denton’s Capital Markets practice. He has also been involved in various partnership and …
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Method of Presentation:
On-demand Webcast (CLE)
NY Category of CLE Credit:
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About Fenwick & West LLP
Fenwick & West is a national law firm with approximately 300 attorneys and offices in Silicon Valley, San Francisco, Seattle and Boise. For more than four decades, Fenwick has helped some of the world’s most recognized companies become, and remain, market leaders. From emerging enterprises to large public corporations, their clients are leaders in the technology, life sciences and cleantech sectors and are fundamentally changing the world through rapid innovation.
Having worked alongside such progressive and cutting edge companies for so long, Fenwick’s culture has come to reflect the entrepreneurial spirit of their client base. They move at their clients’ speed and have earned the reputation as a go-to law firm for growing companies that need insightful, strategic counsel to help tackle the challenging issues that arise when the law cannot keep up with their pace of innovation.
The firm is making revolutionary changes to the practice of law through substantial investments in proprietary technology tools and processes. Their clients demand—and deserve—new ways to receive best-in-class legal services more effectively. At Fenwick, they are proud to be shaping a fresh new world of legal services to do just that.
About SNR Denton
SNR Denton is a client-focused international legal practice delivering quality and value. We serve clients in key business and financial centers from more than 60 locations in 43 countries, through offices, associate firms and special alliances across the US, the UK, Europe, the Middle East, Russia and the CIS, Asia Pacific and Africa, making us a top 25 legal services provider by lawyers and professionals worldwide. Joining the complementary top tier practices of its founding firms — Sonnenschein Nath & Rosenthal LLP and Denton Wilde Sapte LLP — SNR Denton offers business, government and institutional clients premier service and a disciplined focus to meet evolving needs in eight key industry sectors: Energy, Transport and Infrastructure; Financial Institutions and Funds; Government; Health and Life Sciences; Insurance; Manufacturing; Real Estate, Retail and Hotels; and Technology, Media and Telecommunications.