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Accreditation and CLE Rules for Illinois
Courses purchased through UnitedCLE.com are provided and fully accredited by The National Academy of Continuing Legal Education, an Accredited CLE Provider in Illinois.
Illinois attorneys are required to take 30 credit hours every 2 years including 6 professional responsibility credits. Of the 6 professional responsibility hours at least 1 must be in diversity and inclusion, and at least 1 must be in mental health and substance abuse.
Illinois attorneys can earn all 30 CLE credit hours with us including 4 credit hour of Ethics, 1 credit hour of Diversity and Inclusion and 1 credit hour in Mental Health and Substance Abuse using our Online & iOS/Android App courses.
Experienced Illinois attorneys are divided into two compliance groups. Attorneys with last names that start with the letters A through M are due on June 30th of even numbered years. Attorneys with last names that start with the letters N through Z are due on June 30th of odd numbered years.
We promptly report your CLE attendance to the Illinois MCLE Board and pay the associated fees.
Newly Admitted attorneys in Illinois must complete 15 total credit hours in their first year of admission. This requirement consists of 6 credits of Basic Skills course that have been directly approved by the MCLE Board to meet the special Basic Skills requirement. Newly Admitted attorneys can fulfill their entire requirement with us, including Basic Skills credits, using our Online & iOS/Android App formats. The deadline to complete these newly admit requirements is one year after your date of admission on the last day of the month (S. Ct. Rule 793(b)).
The MCLE Board of the Supreme Court of Illinois
200 West Madison Street
Suite 2040
Chicago, Illinois 60606
(t) 312-924-2420 http://www.mcleboard.org/
"Sweat Equity" in Small Businesses and Venture Startups: The Legal and Tax Issues
Courses purchased through UnitedCLE.com are provided and fully accredited by The National Academy of Continuing Legal Education, an Accredited CLE Provider in Illinois.
To view our full accreditation details please .
General Credits
1
$29
All Courses Available iOS/Android Web
About This Course
Issuing shares that are (nearly) tax-free is relatively simple when a small business or start-up first launches. When a shareholder or LLC member receives “sweat equity” or shares in exchange for labor, the tax and legal issues become a bit more complicated.
This entertaining, fast-paced CLE course will explain the issues of treating “sweat equity” workers as regular employees as opposed to independent contractors, as well as explain the use of restricted stock, options, warrants and other equity securities in these types of corporate arrangements.
The course will also address the use of profit interest in an LLC, when change in control or other triggering events determine compensation, the Section 83(b) election and the various issues involved when these “sweat equity” employees are not US citizens.
