Business & Securities Law

New!

Live Online

Single Member LLCs

Credits Available
Credit Status Total
Alaska CLE Reciprocity 6 Total
Alabama CLE Approved 6 Total
Arkansas CLE Approved 6 Total
Arizona CLE Approved 6 Total
California CLE Approved 6 Total
Colorado CLE Approved 7 Total
Connecticut CLE Approved 6 Total
Delaware CLE Approved 6 Total
Florida CLE Approved 7 Total
Georgia CLE Approved 6 Total
Hawaii CLE Approved 6 Total
Iowa CLE Approved 6 Total
Illinois CLE Approved 6 Total
Indiana CLE Approved 6 Total
Kansas CLE Approved 7 Total
Kentucky CLE Approved 6 Total
Maine CLE Approved 6 Total
Minnesota CLE Pending 6 Total
Missouri CLE Approved 7.2 Total
Northern Mariana Islands CLE Approved 6 Total
Mississippi CLE Approved 6 Total
Montana CLE Approved 6 Total
North Carolina CLE Approved 6 Total
North Dakota CLE Approved 6 Total
Nebraska CLE Approved 6 Total
New Hampshire CLE Approved 6 Total
New Jersey CLE Approved 7.2 Total
New Mexico CLE Approved 6 Total
Nevada CLE Approved 6 Total
New York CLE Approved 7 Total
Ohio CLE Approved 6 Total
Oklahoma CLE Approved 7 Total
Oregon CLE Pending 6 Total
Pennsylvania CLE Approved 6 Total
Rhode Island CLE Upon Request 7 Total
South Carolina CLE Approved 6 Total
Tennessee CLE Approved 6 Total
Texas CLE Approved 6 Total
Utah CLE Approved 6 Total
Virginia CLE Approved 6 Total
Vermont CLE Approved 6 Total
Washington CLE Approved 6 Total
Wisconsin CLE Approved 7 Total
West Virginia CLE Approved 7.2 Total
Wyoming CLE Approved 6 Total
Arizona CPE for Accountants Approved 7 Total
New York CPE for Accountants Approved 7 Total
Washington CPE for Accountants Approved 7 Total
Wisconsin CPE for Accountants Approved 7.2 Total
CPE for Accountants/NASBA Approved 7 Total
Live Online + OnDemand
6 hours
Bradford Block
C. Michael Kvistad
Eduardo Martinez
Peter Nealis
Gary Forster
With Bradford E. Block from Law Offices of Bradford E. Block + 4 others

Fri, Mar 13, 00:00 AM – 00:00 PM

Product ID 101622

Register For Course

Course Includes
$389

Live Webinar Registration

OnDemand Video

Video Download

Course Book Download

OnDemand content will be available within 7 days of event date.

or
Upgrade to Unlimited CLE and Get This Course
$129/Month
All Inclusive CLE subscribers save an average of $3,000/year on CLE costs.

Overview

Tax Considerations, Veil Piercing, Operating Agreements, and More

Do you know when it's advantageous for a client to conduct business through a single member LLC? Do you have a detailed understanding of the issues that can arise during formation and everyday business operations? This focused program will provide a walkthrough of critical considerations and best practices you need to be aware of. Register today!

  • Explore the advantages and disadvantages of using single member LLCs.
  • Learn about the tax implications of single member LLCs.
  • Understand the mechanics of dealing with creditors and charging orders.
  • Find out how to minimize potential single member LLC veil piercing.
  • Maximize liability protections and avoid disputes with solid operating agreements.
  • Incorporate the latest case law into your decision making.

Abbreviated Agenda

  1. The Basics and the Organization of the Single Member LLC
  2. Tax Considerations
  3. The Single Member LLC and the Charging Order
  4. Protection Against Inside Debts (Piercing the Single Member LLC Veil)
  5. How to Draft the Single Member LLC Operating Agreement
  6. Notable Recent Case Law Review
  7. LLC Ethical Traps

Related Topics

Product ID 101622

Credit Details

Credits Available
Credit Status Total
Alaska CLE Reciprocity 6 Total
Alabama CLE Approved 6 Total
Arkansas CLE Approved 6 Total
Arizona CLE Approved 6 Total
California CLE Approved 6 Total
Colorado CLE Approved 7 Total
Connecticut CLE Approved 6 Total
Delaware CLE Approved 6 Total
Florida CLE Approved 7 Total
Georgia CLE Approved 6 Total
Hawaii CLE Approved 6 Total
Iowa CLE Approved 6 Total
Illinois CLE Approved 6 Total
Indiana CLE Approved 6 Total
Kansas CLE Approved 7 Total
Kentucky CLE Approved 6 Total
Maine CLE Approved 6 Total
Minnesota CLE Pending 6 Total
Missouri CLE Approved 7.2 Total
Northern Mariana Islands CLE Approved 6 Total
Mississippi CLE Approved 6 Total
Montana CLE Approved 6 Total
North Carolina CLE Approved 6 Total
North Dakota CLE Approved 6 Total
Nebraska CLE Approved 6 Total
New Hampshire CLE Approved 6 Total
New Jersey CLE Approved 7.2 Total
New Mexico CLE Approved 6 Total
Nevada CLE Approved 6 Total
New York CLE Approved 7 Total
Ohio CLE Approved 6 Total
Oklahoma CLE Approved 7 Total
Oregon CLE Pending 6 Total
Pennsylvania CLE Approved 6 Total
Rhode Island CLE Upon Request 7 Total
South Carolina CLE Approved 6 Total
Tennessee CLE Approved 6 Total
Texas CLE Approved 6 Total
Utah CLE Approved 6 Total
Virginia CLE Approved 6 Total
Vermont CLE Approved 6 Total
Washington CLE Approved 6 Total
Wisconsin CLE Approved 7 Total
West Virginia CLE Approved 7.2 Total
Wyoming CLE Approved 6 Total
Arizona CPE for Accountants Approved 7 Total
New York CPE for Accountants Approved 7 Total
Washington CPE for Accountants Approved 7 Total
Wisconsin CPE for Accountants Approved 7.2 Total
CPE for Accountants/NASBA Approved 7 Total
Select Jurisdiction
CLE
Other

Agenda

All times are shown in

  1. The Basics and the Organization of the Single Member LLC

    1. Is the Single Member LLC the Best Choice?
    2. Formation and Operation
    3. Legislative Update
    4. Recent Trends and Current Issues
    5. LLC Conversions and Reorganizations
    6. Using the Single Member LLC to Purchase Real Estate
    7. Using Single Member LLCs in Asset Protection and Estate Planning

  2. Tax Considerations

    1. Formation Issues, Pass-Through Treatment of LLCs
    2. Single Member LLCs
    3. Tax Basis, Debt and Loss Concepts
    4. Self-Employment Tax Issues
    5. Conversions and Reorganizations
    6. Liquidation of the LLC
    7. Tax Challenges in Converting to an LLC
    8. Compensation Strategies for Owner/Employees

  3. The Single Member LLC and the Charging Order

    1. What is an LLC Charging Order and What Does it Do?
    2. Charging Order Benefits and Protections
    3. Charging Order Limitations
    4. Creditor Responses
    5. LLC Responses to Charging Orders

  4. Protection Against Inside Debts (Piercing the Single Member LLC Veil)

    1. Limiting Personal Liability: Forming a Single Member LLC
    2. Drafting SMLLC Operating Agreements to Limit Piercing - Do's, Don'ts and Sample Language
    3. Alter Ego Theory
    4. How Strong is the Single Member LLC Veil? Recent Trends
    5. Specific Vulnerabilities for SMLLCs
    6. Analysis of Top "Factors" (Undercapitalization, Commingled Funds, etc.)
    7. Uncovering Manipulation/Misuse of the SMLLC

  5. How to Draft the Single Member LLC Operating Agreement

    1. Organization and Formation Provisions
    2. Management and Membership
    3. Tax and Financial Matters
    4. Transfer Restrictions, Right of First Refusal, Impasse (Put/Call), Capital Call, and Dissolution Provisions
    5. Distribution and Allocation Provisions
    6. General Rules
    7. Signatures

  6. Notable Recent Case Law Review

  7. LLC Ethical Traps

    1. Role of Attorney in LLC Formation
    2. Avoiding Conflicts of Interest
    3. When to Refer an LLC Case Out
    4. Fraudulent Transfers

Who Should Attend

This program is designed for attorneys. Accountants and paralegals may also benefit.

Speakers

Bradford E Block
Bradford E.
Block
Law Offices of Bradford E. Block
C. Michael Kvistad
C. Michael
Kvistad
Beresford Booth
Eduardo V Martinez
Eduardo V.
Martinez
Eduardo Martinez, Attorney at Law
Peter S Nealis
Peter S.
Nealis
Taft Stettinius & Hollister LLP
Gary A Forster
Gary A.
Forster
ForsterBoughman
Speaker bio
Bradford E Block

Bradford E. Block

Law Offices of Bradford E. Block
Bradford Block

is the principal of the Law Offices of Bradford E. Block in Deerfield, Illinois. He has been an attorney for more than 35 years, and practices in the areas of business formation, mergers and acquisitions, not-for-profit organizations, private foundations, equity financing, tax law, and the preparation and negotiation of corporate and technology contracts. Mr. Block has lectured to various professional groups on matters related to limited liability companies, partnerships, business transactions, S-corporations, and tax exempt organizations. He is a former adjunct professor of business planning and partnership law at DePaul University. Mr. Block is also a commercial mediator and a member of the Association of Attorney Mediators. He earned his B.S. degree from the Wharton School of Finance and Commerce at the University of Pennsylvania and his J.D. degree from DePaul University College of Law.

View full profile
Speaker bio
C. Michael Kvistad

C. Michael Kvistad

Beresford Booth
C. Michael Kvistad

is an attorney with Beresford Booth where he is an experienced business lawyer, supporting clients in a range of corporate and real estate matters. Passionate about multifaceted transactions, he has a robust business practice where he concentrates on the areas of forming businesses, mergers and acquisitions, and general business matters. Drawing on diverse experience with complex real estate law, Mr. Kvistad spearheads transactions involving the buying and selling of residential and commercial property, lending, boundary line agreements, leasing, and easements. With years of navigating litigation in the courtroom, he is a solution-oriented lawyer. Mr. Kvistad earned his B.A. degree from the University of Washington and his J.D. degree from Washington and Lee University School of Law. He is a member of the Snohomish County Bar Association and the King County Bar Association. Mr. Kvistad is admitted to practice in Washington.

View full profile
Speaker bio
Eduardo V Martinez

Eduardo V. Martinez

Eduardo Martinez, Attorney at Law
Eduardo Martinez

is in self-practice with a primary focus in mediation, as well as contractual and business law, which he also teaches. He retired as a Captain from the U.S. Navy after 30 years and still consults on matters of national security. Dr. Martinez is currently on staff at Angelo State University, where he teaches Intelligence and Security Studies. He is also on the Editorial Board of the Journal of Homeland and National Security Perspectives. Dr. Martinez has written articles involving transportation security and maritime cyberterrorism. He is a former special assistant attorney general for the state of Mississippi, and admitted to all Mississippi state and federal courts, Fifth Circuit Court of Appeals, U.S. Court of Military Appeals, U.S. Court of International Trade, and U.S. Supreme Court. Dr. Martinez earned his B.A. degree in government from the University of Texas, his M.A. degree in legal studies from Antioch University, his M.S.S. degree from the U.S. Army War College and his J.D. degree from the Mississippi College School of Law.

View full profile
Speaker bio
Peter S Nealis

Peter S. Nealis

Taft Stettinius & Hollister LLP
Peter Nealis

is a partner in the Cleveland office of Taft Stettinius & Hollister LLP, who also practices in Sarasota/Bradenton, Florida. He has substantial experience representing both public and private companies, and investors in a variety of securities, regulatory and corporate governance matters. Mr. Nealis is a member of The Florida Bar and the Sarasota Bar Association. He earned his B.A. degree from Colby College and his J.D. degree from The Ohio State University.

View full profile
Speaker bio
Gary A Forster

Gary A. Forster

ForsterBoughman
Gary Forster

is managing partner and co-founder of ForsterBoughman. His practice spans 30 years and includes domestic and international corporate law, asset protection, tax and estate planning. Mr. Forster handles a variety of corporate and personal planning matters for business leaders and wealthy families. He writes and speaks nationally on tax, corporate and international topics and is the author of three books. In 2013, he wrote Asset Protection for Professionals, Entrepreneurs and Investors, a guide to asset protection strategies for clients and their financial advisors, now in its second edition. In 2020, Mr. Forster finished the second edition of The U.S. Estate and Gift Tax and the Non-Citizen, which explains how resident and non-resident foreign nationals are impacted by the U.S. Estate and Gift Tax. In 2021, he wrote The U.S. Wealth Transfer Tax and the Non-Citizen, a law school textbook. Mr. Forster's legislative amendments were adopted as Section 43A of the Nevis LLC Ordinance - Nevis Limited Liability Company (Amendment) Ordinance, 2015. He earned his B.A. degree from Tufts University, graduating cum laude with majors in economics and Spanish literature. Mr. Forster earned his J.D. degree from the University of Florida College of Law, graduating with honors. He continued his studies as a graduate fellow at the University of Florida College of Law, Master of Taxation program, earning an LL.M. degree in taxation. Mr. Forster's education also includes studies at the University of Madrid, Oxford University and Leiden University in the Netherlands. He is a member of The Florida Bar and District of Columbia Bar Association, including bar sections for international and tax law. Mr. Forster is licensed to practice before the U.S. Tax Court, and is a member of the American Bar Association Asset Protection Planning Committee. He speaks Spanish fluently.

View full profile

TOP FAQs

How do I access my courses?
Courses are available within your account. Simply login to your account and click on My Courses. If you require additional assistance please call our Customer Service Department at 800-930-6182.
Do you have options for attendees who are deaf or hard of hearing?
Closed captioning is available for all Live Webinars. After you've joined the event room, you can enable closed captioning by clicking the "cc" button in the lower right of the player.
What happens if my course is cancelled?
In the unlikely event that NBI cancels or reschedules an upcoming program, each registered attendee will be contacted via email by a representative of NBI. Outreach to attendees begins as soon as NBI is made aware that a program will not move forward at its originally scheduled date and time.
Are multiple attendee discounts available?
Yes, the more people you bring from your organization, the more you save. After the first registration, each additional attendee receives a special discount off of their total tuition.
When will the OnDemand be available and how long will I have access to the content?
The OnDemand Video will be available to stream within 14 days of live broadcast date. You will have access to the content for 6 months in your account. If you’re a subscriber, you’ll have access to your course recordings until 7 days after the expiration date of the subscription.
What is included with my course purchase?
When you enroll prior to the live event date you will receive access to the live-streaming webinar which will allow you to interact with faculty in real-time. With each course, you will receive access to the content via OnDemand Streaming and the Video Download. Course reference materials are included with each course purchase in a downloadable PDF format.
Will I receive a certificate of completion?
Yes, we'll email you a certificate of completion and store in your account for any future reporting needs.
Can multiple people watch courses and request credit?
While only paid registrants can receive continuing education credit for attending, there are no limitations to the number of viewers at each connection.

Have more questions? Please Contact Us