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California attorneys must complete a minimum of 25 credit hours of approved continuing legal education activities every 3 years including at least 4 hours of Ethics, 1 hour of Substance Abuse Prevention and 2 hours of Elimination of Bias. Additionally, at least one of the hours in Elimination of Bias must be an approved Implicit Bias program.
At least 12.5 of the credit hours must be in a "Participatory" format. The remaining hours can be in a self-study format.
**The State Bar of California is implementing changes to the MCLE course requirements effective October 1, 2023. Beginning with the compliance period ending March 29, 2025, licensees will be required to also complete and report compliance on the following new subfields:
Technology in the Practice of Law (one credit)
Civility in the Legal Profession (one credit)
Competence (Increased from one credit to two)
California attorneys may earn all 25 hours with the United Institute for Continuing Legal Education. Our Online and iOS/Android App platforms are automatically deemed participatory and our MP3/MP4 downloaded courses may also be taken in participatory form as well.
California MCLE rules do not allow carryover. Credit for participating in a CLE activity may not be earned forward from one compliance period to another.
Members are required to comply online under “My State Bar Profile” www.calbar.ca.gov by attesting under penalty of perjury that the member has complied with the education requirement or is exempt and the nature of the exemption. Attorneys who are unable to comply online must contact the State Bar’s Member Services Center 888-800-3400.
State Bar of California
180 Howard Street
San Francisco, CA 94105-1639
(t) 415-538-2100
(f) 415-538-2180 mcle.calbar.ca.gov
Planning for Business Exits from C Corporations: Intra-Family Business Transactions and Other Developments
United Institute for Continuing Legal Education is a CLE provider accredited by the California State Bar, Provider #15390.
To view our full accreditation details please .
General Credits
1
$29
All Courses Available iOS/Android Web
About This Course
The Code Sec. 1202 exclusion for the gain on the sale of stock has gained increased attention from the Lower C corporation income tax rates. This CLE course will explain how this exclusion works, how it impacts a C corporation’s business structure, how it can be applied when a business changes from another entity to a C corporation and how it might compare to exit strategies of other businesses. The course will also explain how to shift to a partnership status from a corporate one after the tax benefits from being a C corporation have expired. Specific examples, such as Dynamo Holdings Ltd. V. Commissioner, T.C Memo 2018-61, which addresses sales and loans between businesses held by related parties will be discussed as well as how it creates a limit on the application of a taxpayer-friendly case on business transfers but simultaneously may bolster the cases of those with a relaxed loan documentation.
