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Business & Securities Law

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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 Approved 6 Total
Missouri CLE Approved 6 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 Approved 6 Total
Pennsylvania CLE Approved 6 Total
Rhode Island CLE Upon Request 6 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
OnDemand
5 hours 50 minutes
Bradford Block
Peter Nealis
Gary Forster
Christopher Bonner
With Bradford E. Block from Law Offices of Bradford E. Block + 3 others
Recorded March 13, 2026.
Product ID 101622

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Course Includes
$399

OnDemand Video

Video Download

Course Book Download

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 Approved 6 Total
Missouri CLE Approved 6 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 Approved 6 Total
Pennsylvania CLE Approved 6 Total
Rhode Island CLE Upon Request 6 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
Select Jurisdiction
CLE

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
Peter S Nealis
Peter S.
Nealis
Taft Stettinius & Hollister LLP
Gary A Forster
Gary A.
Forster
ForsterBoughman
Christopher J Bonner
Christopher J.
Bonner
Barclay Damon, LLP
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.

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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.

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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. 

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Speaker bio
Christopher J Bonner

Christopher J. Bonner

Barclay Damon, LLP
Christopher Bonner

is special counsel with Barclay Damon, LLP, where he practices in the areas of corporate law, corporate and municipal securities, and banking regulation. His clients include large and small businesses, banks, startup enterprises, buyers and sellers of businesses, and securities investors. Mr. Bonner organizes corporations, LLCs and other alternative entities, and represents them on a continuing basis with various kinds of business contracts. He represents buyers and sellers of businesses, from the initial planning stage through to the final closing. Mr. Bonner is a member of the New York State Bar Association (Business Law and Tax Law sections) and American Bar Association (Business Law and Taxation sections). He earned his B.A. degree from Williams College, his J.D. degree from Harvard Law School and his LL.M. degree in taxation from New York University.

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