Skip to main content
 This program is not active.
Advanced CLE

2020 Classes of Stock: Structuring Voting & Non-Voting


Total Credits: 1.2 MCLE

Practice Area:
Business & Corporate

Dates


Description

Crafting a corporation’s capital structure to harmonize competing economic interests is among the most challenging aspects of corporate formation. Certain investors want preferred returns of capital and “protective” rights in the form of enhanced voting rights.  They also want a senior claim to the corporation’s assets on liquidation. But common stock is often the largest tranche of a corporation’s capital structure and its claims cannot be entirely truncated in preference of preferred stock.  This program will provide you with a practical guide to drafting corporate common and preferred stock, with an emphasis on drafting preferred returns.

  • Classes and series of stock in a closely held company’s capital structure
  • Dividend rights – who gets what, when, and in preference to whom?
  • Voting rights – preferential governance rights
  • Liquidation rights – preferential claims on a company’s assets
  • Conversion rights for preferred stock
  • Dilution and impairment rights

Materials

Cancellation Policy

Click HERE to review the Cancellation Policy.