Business & Securities Law

4.15

LLC Formation and Operation Tactics

Credits Available
Credit Status Total
Alaska 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
Hawaii CLE Approved 6 Total
Idaho CLE Approved 6 Total
Illinois 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
Montana CLE Approved 6 Total
North Dakota CLE Approved 6 Total
Nebraska CLE Approved 6 Total
New Hampshire CLE Approved 6 Total
New Mexico CLE Approved 6 Total
Nevada CLE Approved 6 Total
New York CLE Approved 7 Total
Oklahoma CLE Approved 7 Total
Oregon CLE Approved 6 Total
Pennsylvania CLE Approved 6 Total
Rhode Island CLE Upon Request 6 Total
Vermont CLE Approved 6 Total
Washington CLE Approved 6 Total
Wisconsin CLE Approved 7 Total
West Virginia CLE Approved 7.2 Total
OnDemand
6 hours 1 minute
Michael Gorby
Thomas Owen
Mark Kimball
Robert Singer
With Michael J. Gorby from Gorby Peters Law + 3 others
Recorded September 26, 2024
Product ID 98973

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Overview

Formation, Taxation, Interests Transfer, and Succession Essentials

Whether member-managed or manager-managed, single or series, each LLC must abide by the underlying legal principles that support it and give it its powers. This foundational course lays out key legal aspects of each step of LLC formation and operation. Dig into how LLCs are taxed, critical formalities that preserve the corporate veil, and get guidance for sale and transfer of interest. Register today!

  • Learn what goes into early decisions on entity selection and creation.
  • Explore recent developments related to series LLCs.
  • Get LLC taxation tactics to stay ahead of the reform.
  • Make the best useĀ of LLCs for real estate investment.
  • Maximize LLC liability shields by exploring leading corporate veil case law.
  • Inform your practice with best advice for sound formalities and operation.

Abbreviated Agenda

  1. Choice of Law and Types of Business Structures
  2. Formation Procedures and Structural Choices
  3. Key Operating Agreement Provisions
  4. LLC Taxation
  5. Valuation, Sale, and Transfer of Interests
  6. Management, Operational Formalities, Recordkeeping
  7. Succession and Dissolution
  8. Legal Ethics

Related Topics

Product ID 98973

Credit Details

Credits Available
Credit Status Total
Alaska 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
Hawaii CLE Approved 6 Total
Idaho CLE Approved 6 Total
Illinois 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
Montana CLE Approved 6 Total
North Dakota CLE Approved 6 Total
Nebraska CLE Approved 6 Total
New Hampshire CLE Approved 6 Total
New Mexico CLE Approved 6 Total
Nevada CLE Approved 6 Total
New York CLE Approved 7 Total
Oklahoma CLE Approved 7 Total
Oregon CLE Approved 6 Total
Pennsylvania CLE Approved 6 Total
Rhode Island CLE Upon Request 6 Total
Vermont CLE Approved 6 Total
Washington CLE Approved 6 Total
Wisconsin CLE Approved 7 Total
West Virginia CLE Approved 7.2 Total
Select Jurisdiction
CLE

Agenda

All times are shown in

  1. Choice of Law and Types of Business Structures

    1. Essential Client Intake Questions to Answer
    2. C-Corp vs. S-Corp vs. Partnership
    3. Single-Member LLCs
    4. Series LLCs
    5. DAO LLCs
    6. CTA Beneficial Ownership Information Reporting

  2. Formation Procedures and Structural Choices

  3. Key Operating Agreement Provisions

    1. Member-Managed vs. Manager-Managed
    2. Powers of the Members
    3. Voting and Decision-Making Mechanics
    4. Dispute Resolution

  4. LLC Taxation

    1. Member Compensation Taxation
    2. Section 199A Update
    3. Employment and Self-Employment Tax
    4. Passthrough Deduction

  5. Valuation, Sale, and Transfer of Interests

    1. Business Interest Valuations
    2. Voluntary Transfers
    3. How Buy-Sell Provisions Play out in Real Situations
    4. Handling the Exit of a Member
    5. Using LLCs to Invest in Real Estate
    6. Recognizing Sweat Equity

  6. Management, Operational Formalities, Recordkeeping

  7. Succession and Dissolution

  8. Legal Ethics

    1. Conflicts of Interest
    2. Attorney Fees and Scope of Representation
    3. Data Security
    4. Guarding Confidentiality

Who Should Attend

This course is designed for attorneys. It may also benefit paralegals and accountants.

Speakers

Michael J Gorby
Michael J.
Gorby
Gorby Peters Law
Thomas P Owen Jr.
Thomas P.
Owen, Jr.
Stanley Reuter Alford Owen Munson & Paul, LLC
Mark D Kimball
Mark D.
Kimball
MDK Law
Robert M Singer
Robert M.
Singer
Law Offices of Robert M. Singer, L.L.C.
Speaker bio
Michael J Gorby

Michael J. Gorby

Gorby Peters Law
Michael Gorby

is a founder and partner with Gorby Peters & Associates, LLC. He is a nationally recognized leader in complex corporate disputes, professional negligence cases, and liability issues that arise for property owners and managers, such as hotel chains, restaurants, shopping centers, apartment complexes, office buildings and other public venues. Since 1998, Mr. Gorby has served as the program chair for the Institute of Continuing Legal Education in Georgia (an affiliate of the University of Georgia), on the topic of premises liability. He is also the author of a popular legal treatise, Premises Liability in Georgia, which is published by Thomson Reuters/West, and which is now in its third edition. Mr. Gorby serves as an instructor/lecturer for Georgia Tech Procurement Assistance Center (GTPAC) in the area of procuring government contracts, and is also a registered mediator. He earned his B.A. degree from Georgia State University and his J.D. degree from the University of Georgia School of Law.

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Speaker bio
Thomas P Owen Jr.

Thomas P. Owen, Jr.

Stanley Reuter Alford Owen Munson & Paul, LLC
Thomas Owen

is a member with Stanley Reuter Alford Owen Munson & Paul, LLC in New Orleans. He concentrates his practice in providing legal advice and representation to business clients, particularly concerning closely held companies. Mr. Owen represents clients in litigation and arbitration disputes, as well as providing advice to clients regarding numerous business matters, including corporate formation and governance, mergers and acquisitions, contract negotiations, employment issues, insurance coverage disputes, confidentiality concerns, and trade secret protection. He is a member of the Louisiana State Bar Association, Federal Bar Association, New Orleans Bar Association and a member of the Board of Advisory Editors of the Tulane Law Review. Mr. Owen serves as an assistant bar examiner for the Louisiana Bar. He earned his undergraduate degree from Emory University and his J.D. degree, summa cum laude, Order of the Coif, from Tulane Law School.

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Speaker bio
Mark D Kimball

Mark D. Kimball

MDK Law
Mark Kimball

is the founding shareholder of MDK Law, a firm emphasizing corporate, commercial and property law, and consulting in matters involving federal and international taxation. He is admitted to practice in Washington, New York, Texas and Oregon. Mr. Kimball is an adjunct professor of law at Eotvos Lorand and Masaryk Universities in Europe, and has served as a law school guest lecturer at Seattle University School of Law. He is also engaged as an expert witness in superior court cases involving limited liability companies, governance, and other member issues. Mr. Kimball has been admitted to the Second Circuit Bar (New York, Connecticut and Vermont), Fifth Circuit Bar (Texas and Louisiana), and the Oregon State Bar. He earned his J.D. degree and LL.M. (taxation) degree from the University of Washington School of Law, and also holds an LL.M. degree in transnational commercial practice from Europe. 

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Speaker bio
Robert M Singer

Robert M. Singer

Law Offices of Robert M. Singer, L.L.C.
Robert Singer

is a sole practitioner with the Law Offices of Robert M. Singer, L.L.C. in Hamden, where he practices in the areas of commercial law, bankruptcy and collections. Mr. Singer is a past adjunct professor at Southern Connecticut State University and has written many articles on his areas of practice including "(Limited Liability Corporations) An Investment Vehicle for Future Income", Financial Freedom Quarterly. He is also the author of the book, Library of Connecticut Collection Law Forms. Mr. Singer is a member of the New Haven County Bar Association and the Connecticut Bar Association. He earned his B.S.B.A. degree in accounting from Bryant College, his J.D. degree from Western New England College, and his M.S. degree in taxation from the University of New Haven. Mr. Singer has litigated cases successfully before the Connecticut Supreme Court and Connecticut Appellate Court.

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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.
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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 youā€™re a subscriber, youā€™ll have access to your course recordings until 7 days after the expiration date of the subscription.
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