LLC Operating Agreement Intensive

Monday, May 10, 2021 - Tuesday, May 11, 2021

11:00 AM - 2:00 PM, Eastern Time

 
WHAT WE’LL COVER
 

Temi Siyanbade, JD, Practice Success Mentor, Ryan Snow, JD, MBA, Senior Business Law Editor, Randy Gardner, JD, LLM, MBA, CPA, CFP, RLP, and Jenny Villier, JD, VP of Learning will present LLC Operating Agreement Intensive. In this two-day program, they will demonstrate the Business Docx® LLC Operating Agreement and will cover:

  • Important considerations regarding the choice of entity
  • The selection of the state of formation for an LLC, taking a close look at key differences among the LLC Acts of many popular LLC formation states 
  • A comparison of the Uniform Limited Liability Company Act versus the Uniform Limited Liability Company Act, highlighting important default rules that will govern the LLC in the absence of an overriding provision in the operating agreement
  • The asset protection provided by LLCs and special considerations regarding single-member LLCs and series LLCs
  • Steps for forming an LLC
  • Governance of the LLC, including (i) consideration of member-managed vs. manager-managed LLCs, (ii) fiduciary obligations, (iii) agency authority, and (iv) case law illustrating best practices for LLC operation and governance
  • Federal tax classification options for LLCs, examining the pros and cons of each option as well as restrictions and requirements for changing an LLC’s tax classification
  • Advanced topics in LLCs, including capital accounts, profits interests, distribution provisions (operating, liquidating, and distribution "waterfalls"), and allocation provisions (traditional vs. targeted allocations)

 

Don't miss the Practical Applications Lab, presented by WealthCounsel Product Implementation Manager, Lissa Bealke-Moore and Senior Editor, Ryan Snow, JD, MBA, on Wednesday, May 12, from 4:00 PM to 5:30 PM (EDT).  This optional session highlights key features and best practices for drafting with Business Docx®. View the agenda to learn more!

Suggested pre-requisite for the Practical Applications Lab: Business Docx Drafting Foundations

 

Sessions will be recorded and made available after the event. 

 

*Although the LLC Operating Agreement Intensive covers general LLC principles, any demonstrations provided will focus specifically on elements of WealthCounsel's Business Docx software.

 

REGISTER NOW

TUITION

  • $0 for WealthCounsel Subscribers

CLE INFORMATION

CLE:
6.0 credits
States Pre-Approved: AR, CA, ME, MO, NJ, NY, OH, OK, PA, TX, UT, VT (AK, AZ, CT, NH eligible to claim credit)
States Pending Approval: GA, IL, KS, NC, TN; other states TBD

No CFP

CPE:
Program Knowledge Level: Intermediate
Delivery Method: Group Internet-Based
Recommended CPE Credit: 7.0 (based on 50 minute rule) 
Field of Study: Business
Prerequisites: JD
Advance Preparation: None
Review Date: 05/03/2021


WealthCounsel LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. NASBA Sponsor ID 108255. We have registered with the Texas State Board of Public Accountancy as a CPE sponsor. This registration does not constitute an endorsement by the Board as to the quality of our CPE program. Texas State Board Sponsor ID 9610.

 In order to be awarded the full credit hours, you must be present during the entire program.