Business & Securities Law

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LLC Operating Agreements for Real Estate Investment

Credits Available
Credit Status Total
Alaska CLE Reciprocity 3 Total
Alabama CLE Approved 3 Total
Arkansas CLE Approved 3 Total
Arizona CLE Approved 3 Total
California CLE Approved 3 Total
Colorado CLE Approved 4 Total
Connecticut CLE Approved 3 Total
Delaware CLE Approved 3 Total
Florida CLE Approved 3.5 Total
Georgia CLE Approved 3 Total
Hawaii CLE Approved 3 Total
Iowa CLE Upon Request 3 Total
Illinois CLE Approved 3 Total
Indiana CLE Approved 3 Total
Kansas CLE Approved 3.5 Total
Kentucky CLE Approved 3 Total
Maine CLE Approved 3 Total
Minnesota CLE Approved 3 Total
Missouri CLE Approved 3.6 Total
Northern Mariana Islands CLE Approved 3 Total
Mississippi CLE Approved 3 Total
Montana CLE Approved 3 Total
North Carolina CLE Approved 3 Total
North Dakota CLE Approved 3 Total
Nebraska CLE Approved 3 Total
New Hampshire CLE Approved 3 Total
New Jersey CLE Approved 3.6 Total
New Mexico CLE Approved 3 Total
Nevada CLE Approved 3 Total
New York CLE Approved 3.5 Total
Ohio CLE Approved 3 Total
Oklahoma CLE Approved 3.5 Total
Pennsylvania CLE Approved 3 Total
Rhode Island CLE Approved 3.5 Total
South Carolina CLE Approved 3 Total
Tennessee CLE Approved 3 Total
Texas CLE Approved 3 Total
Utah CLE Approved 3 Total
Virginia CLE Approved 3 Total
Vermont CLE Approved 3 Total
Washington CLE Approved 3 Total
Wisconsin CLE Approved 3.5 Total
West Virginia CLE Approved 3.6 Total
Wyoming CLE Upon Request 3 Total
Arizona CPE for Accountants Approved 3.5 Total
New York CPE for Accountants Approved 3.5 Total
Washington CPE for Accountants Approved 3.5 Total
Wisconsin CPE for Accountants Approved 3.6 Total
CPE for Accountants/NASBA Approved 3.5 Total
Live Online
3 hours
Adam Matasar
Andrew Crabtree
Sterling Owens
With Adam N. Matasar from Jones Walker LLP + 2 others

Thu, Jun 18, 00:00 AM – 00:00 PM

Product ID 102056

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Course Includes
$319

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Overview

Efficiency by Design

Unlock the full tax and liability potential of real estate ventures by mastering the nuances of sophisticated operating agreements (OAs). This course provides a deep dive into drafting lender-compliant governance, complex distribution waterfalls, and strategic exit provisions that protect investor equity. You will learn to navigate the critical intersection of real property law and partnership taxation, ensuring your clients maximize tax basis and qualify for essential 199A deductions. Move beyond the boilerplate to build airtight, tax-efficient structures that survive both IRS scrutiny and market volatility. Register today!

  • Draft management provisions to best fit passive investors vs. active developers.
  • Analyze the "internal" vs. "external" liability shields and the veil-piercing risk in single-asset entities.
  • Design enforceable provisions for mandatory vs. optional capital contributions.
  • Get guidance to interpret and draft multi-tiered distribution provisions.

Abbreviated Agenda

  1. Why the LLC Reigns Supreme in Real Estate
  2. Governance and Authority: Drafting Management Provisions
  3. The Economic Engine: Capital Calls and Distributions Waterfalls
  4. Transferability and Exit Strategies
  5. Essential Administrative Provisions

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Pre-Order the OnDemand

We will notify you when the ondemand recording is available.

Related Topics

Product ID 102056

Credit Details

Credits Available
Credit Status Total
Alaska CLE Reciprocity 3 Total
Alabama CLE Approved 3 Total
Arkansas CLE Approved 3 Total
Arizona CLE Approved 3 Total
California CLE Approved 3 Total
Colorado CLE Approved 4 Total
Connecticut CLE Approved 3 Total
Delaware CLE Approved 3 Total
Florida CLE Approved 3.5 Total
Georgia CLE Approved 3 Total
Hawaii CLE Approved 3 Total
Iowa CLE Upon Request 3 Total
Illinois CLE Approved 3 Total
Indiana CLE Approved 3 Total
Kansas CLE Approved 3.5 Total
Kentucky CLE Approved 3 Total
Maine CLE Approved 3 Total
Minnesota CLE Approved 3 Total
Missouri CLE Approved 3.6 Total
Northern Mariana Islands CLE Approved 3 Total
Mississippi CLE Approved 3 Total
Montana CLE Approved 3 Total
North Carolina CLE Approved 3 Total
North Dakota CLE Approved 3 Total
Nebraska CLE Approved 3 Total
New Hampshire CLE Approved 3 Total
New Jersey CLE Approved 3.6 Total
New Mexico CLE Approved 3 Total
Nevada CLE Approved 3 Total
New York CLE Approved 3.5 Total
Ohio CLE Approved 3 Total
Oklahoma CLE Approved 3.5 Total
Pennsylvania CLE Approved 3 Total
Rhode Island CLE Approved 3.5 Total
South Carolina CLE Approved 3 Total
Tennessee CLE Approved 3 Total
Texas CLE Approved 3 Total
Utah CLE Approved 3 Total
Virginia CLE Approved 3 Total
Vermont CLE Approved 3 Total
Washington CLE Approved 3 Total
Wisconsin CLE Approved 3.5 Total
West Virginia CLE Approved 3.6 Total
Wyoming CLE Upon Request 3 Total
Arizona CPE for Accountants Approved 3.5 Total
New York CPE for Accountants Approved 3.5 Total
Washington CPE for Accountants Approved 3.5 Total
Wisconsin CPE for Accountants Approved 3.6 Total
CPE for Accountants/NASBA Approved 3.5 Total
Select Jurisdiction
CLE
Other

Agenda

All times are shown in

  1. Why the LLC Reigns Supreme in Real Estate

    1. Comparative Analysis
    2. Tax Considerations
    3. Liability Protection
    4. Series LLCs

  2. Governance and Authority: Drafting Management Provisions

    1. Manager-Managed vs. Member-Managed
    2. Scope of Authority
    3. The Purpose Clause
    4. Fiduciary Duties
    5. Removal and Successor Managers

  3. The Economic Engine: Capital Calls and Distributions Waterfalls

    1. Initial vs. Subsequent Capital Contributions
    2. Failure to Contribute
    3. The Distribution Waterfall
    4. Tax Distributions

  4. Transferability and Exit Strategies

    1. Restrictions on Transfer
    2. Rights of First Refusal (ROFR) and First Offer (ROFO)
    3. Drag-Along and Tag-Along Rights
    4. Buy-Sell Provisions
    5. Waiver of Partition

  5. Essential Administrative Provisions

    1. Indemnification and Exculpation
    2. The Partnership Representative
    3. Dispute Resolution
    4. Books and Records
    5. Closing Remarks

Who Should Attend

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

Speakers

Adam N Matasar
Adam N.
Matasar
Jones Walker LLP
Andrew L Crabtree
Andrew L.
Crabtree
Law Offices of Andrew L. Crabtree, P.C.
Sterling Owens
Sterling
Owens
The Law Office of Sterling Owens
Speaker bio
Adam N Matasar

Adam N. Matasar

Jones Walker LLP
Adam Matasar

is an attorney with Jones Walker LLP, where he represents corporate clients ranging from start-ups to public companies in a wide variety of matters, including mergers and acquisitions, debt and equity offerings, governance, public disclosure, real estate and other joint ventures, and a broad array of other corporate matters and commercial transactions. Mr. Matasar earned his B.A. degree from Tulane University and his J.D. degree, summa cum laude and Order of the Coif, from Tulane University Law School. He was the managing editor of the Tulane Law Review and president of the Tulane Law School Civil Law Society. Mr. Matasar is admitted to practice in Louisiana.

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Speaker bio
Andrew L Crabtree

Andrew L. Crabtree

Law Offices of Andrew L. Crabtree, P.C.
Andrew Crabtree

is the principal of the Law Offices of Andrew L. Crabtree, P.C., where his firm focuses on transactional and litigated real estate, landlord-tenant, construction and general commercial business matters. He has a broad background in residential condominium development and sales in commercial leasing; and represents commercial owners, developers, purchasers and tenants, including a national franchise chain in commercial leasing and landlord and tenant matters. Mr. Crabtree represents businesses and individuals in federal and state trial courts, as well as in arbitrations and before administrative tribunals involving commercial disputes, constitutional claims, partnership and shareholder disputes, breach of contract claims, business torts, unfair competition, employment claims, trade secrets and intellectual property cases. He also represents contractors, owners, developers, design professionals, municipalities and state agencies relating to public and private construction and development projects, mechanics' liens, commercial lease disputes and landlord-tenant matters. Mr. Crabtree is a member of the American Bar Association, New York State Bar Association and Suffolk County Bar Association. He earned his B.A. degree, magna cum laude, from the State University of New York at Albany and his J.D. degree from Fordham University Law School.

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Speaker bio
Sterling Owens

Sterling Owens

The Law Office of Sterling Owens
Sterling Owens

is an attorney with The Law Office of Sterling Owens in Memphis and staff attorney for the Neighborhood Preservation Clinic at the University of Memphis Cecil C. Humphreys School of Law. She practices primarily in the areas of tax, real estate and small business law. Ms. Owens earned her undergraduate degree from Tulane University and her J.D. degree from the University of Memphis Cecil C. Humphreys School of Law. Prior to attending law school, she worked in investment real estate in Washington, D.C., Maryland, and Memphis, Tennessee.

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