Mr. Ison presented Nuts and Bolts of Professional Entities in Tennessee. The presentation provided a walk-through of the “nuts and bolts” of professional entities in Tennessee, including:

• Tennessee law regarding the “corporate practice” of various professions
• When to use a professional entity, and limitations on who may participate in its ownership and management
• Liability considerations, including professional liability issues and the protection of personal assets from business liabilities and from the acts of others in the business
• Management services and “friendly PC” arrangements involving nonprofessionals
• Termination and buyout considerations

The conference was held May 15th at the Nashville School of Law.