Business & Securities Law

4.17

Single-Member LLCs: Attorneys' Guide

Credits Available
Credit Status Total
Alaska 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
Hawaii CLE Approved 3 Total
Idaho CLE Approved 3 Total
Illinois CLE Approved 3 Total
Louisiana 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
Montana CLE Approved 3 Total
North Dakota CLE Approved 3 Total
Nebraska CLE Approved 3 Total
New Hampshire CLE Approved 3 Total
New Mexico CLE Approved 3 Total
Nevada CLE Approved 3 Total
New York CLE Approved 3.5 Total
Oklahoma CLE Approved 3.5 Total
Oregon CLE Approved 3 Total
Pennsylvania CLE Approved 3 Total
Rhode Island CLE Upon Request 3.5 Total
Vermont CLE Approved 3 Total
Wisconsin CLE Approved 3.5 Total
West Virginia CLE Approved 3.6 Total
OnDemand
2 hours 56 minutes
F. Gerald Burnett
Gary Forster
Brett Sullivan
Ryan Wheeler
With F. Gerald Burnett from Cabaniss, Johnston, Gardner, Dumas & O'Neal LLP + 3 others
Recorded February 06, 2024
Product ID 98064

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Overview

Drafting Formation Documents, Ownership Reporting, Tax and Ownership Tactics, and More

Single-member LLCs (SMLLCs) are ubiquitous, but many tax and legal questions linger and require specialized knowledge to answer them. What new ownership reporting obligations exist under the CTA? How will SMLLCs hold up to creditor attacks and court scrutiny? Let our expert attorney faculty walk you through the latest legal updates, the structuring of an SMLLC, and its taxation and uses. Find out what common client practices and attorney mistakes threaten the liability shield and what you can do to avoid pitfalls. Register today!

  • Build up protections with masterful operating agreement drafting.
  • Ensure the SMLLC is tax efficient.
  • Explore pitfalls that expose SMLLCs to veil piercing.
  • Learn how to use SMLLCs to purchase real estate.

Abbreviated Agenda

  1. Complying With New CTA Beneficial Owner Information (BOI) Reporting Rules
  2. Drafting and Updating SMLLC Operating Agreements
  3. Tax and Real Estate Purchasing Tactics and Pitfalls
  4. Asset Protection Pitfalls to Look Out For
Product ID 98064

Credit Details

Credits Available
Credit Status Total
Alaska 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
Hawaii CLE Approved 3 Total
Idaho CLE Approved 3 Total
Illinois CLE Approved 3 Total
Louisiana 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
Montana CLE Approved 3 Total
North Dakota CLE Approved 3 Total
Nebraska CLE Approved 3 Total
New Hampshire CLE Approved 3 Total
New Mexico CLE Approved 3 Total
Nevada CLE Approved 3 Total
New York CLE Approved 3.5 Total
Oklahoma CLE Approved 3.5 Total
Oregon CLE Approved 3 Total
Pennsylvania CLE Approved 3 Total
Rhode Island CLE Upon Request 3.5 Total
Vermont CLE Approved 3 Total
Wisconsin CLE Approved 3.5 Total
West Virginia CLE Approved 3.6 Total
Select Jurisdiction
CLE

Agenda

All times are shown in
  1. Complying With New CTA Beneficial Owner Information (BOI) Reporting Rules

  2. Drafting and Updating SMLLC Operating Agreements

    1. Organization and Formation Provisions
    2. Recordkeeping, Decision-Making, and Contracts
    3. Distribution and Allocation Provisions
  3. Tax and Real Estate Purchasing Tactics and Pitfalls

  4. Asset Protection Pitfalls to Look Out For

    1. Charging Order Protection
    2. Common SMLLC Member Mistakes That Jeopardize Asset Protection

Who Should Attend

This focused legal guide is designed for attorneys. It may also be of benefit to trust officers, accountants, estate and financial planners, and paralegals.

Speakers

F. Gerald Burnett
F. Gerald
Burnett
Cabaniss, Johnston, Gardner, Dumas & O'Neal LLP
Gary A Forster
Gary A.
Forster
ForsterBoughman
Brett T Sullivan
Brett T.
Sullivan
Fennemore
Ryan P Wheeler
Ryan P.
Wheeler
Bradley Arant Boult Cummings LLP
Speaker bio
F. Gerald Burnett

F. Gerald Burnett

Cabaniss, Johnston, Gardner, Dumas & O'Neal LLP
F. Gerald Burnett

is a partner with Cabaniss, Johnston, Gardner, Dumas & O'Neal LLP, where he practices in the areas of commercial real estate, timber transactions, and tax law disputes. He has had substantial experience in the tax and entity structuring of LLCs and partnerships used primarily in real estate transactions. Mr. Burnett's work in the tax area has also included jury and non-jury trials in a number of states. He is the co-author of the treatise Litigation of Federal Tax Controversies, originally published by Shepard's/McGraw Hill (1st edition). Mr. Burnett is the author of the tax management portfolio entitled Timber Transactions (1st edition), and has served as a special tax advisor for Tax Management, Inc. He earned his B.B.A. degree from the University of Mississippi, his J.D. degree, with distinction, from the University of Mississippi School of Law and his L.L.M. degree in taxation from Georgetown University Law Center.

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 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 new 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. 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 the 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.

Speaker bio
Brett T Sullivan

Brett T. Sullivan

Fennemore
Brett Sullivan

is a member of Lucent Law, PLLC, a Spokane law firm providing representation to individuals and entities throughout Washington state in the areas of real estate and business law, with a particular focus on transactions, financing, business transactions and advisory services (including entity formation, governance, purchases/sale transactions and succession planning). Mr. Sullivan is a past member of the Real Property, Probate and Trust Section of the Washington State Bar Association and has spoken on numerous real estate topics and business issues involving limited liability entities, including limited liability company formation, operation and management. Mr. Sullivan earned his B.A. degree from the University of Washington with a concentration in accounting and his J.D. degree, cum laude, from Gonzaga University School of Law.

Speaker bio
Ryan P Wheeler

Ryan P. Wheeler

Bradley Arant Boult Cummings LLP
Ryan Wheeler

is an associate with Phelps Dunbar LLP, where he guides domestic and international businesses, individuals, private equity firms and financial institutions in transactional tax planning and structuring issues. Mr. Wheeler delivers practical advice on the tax complexities of mergers and acquisitions, restricting, entity formations, divestitures, workouts and other multifaceted transactions. Clients trust his experience and analytical background to guide them through their cost complex legal issues and business transactions. Mr. Wheeler earned his B.A. degree from University of South Carolina, his J.D. degree, cum laude, from University of South Carolina School of Law and his LL.M. in taxation from New York University School of Law.

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