Business & Securities Law

4.42

LLC Formation and Operation: 2025 Legal Guide

Credits Available
Credit Status Total
Alaska CLE Approved 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
Idaho CLE Approved 6 Total
Illinois CLE Approved 6 Total
Indiana CLE Approved 6 Total
Kansas CLE Approved 7 Total
Louisiana 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 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
Vermont CLE Approved 6 Total
Washington CLE Approved 6 Total
Wisconsin CLE Approved 7 Total
West Virginia CLE Approved 7.2 Total
OnDemand
5 hours 53 minutes
Lindsay Harris
Jonathan Berck
Micah Stewart
Farnoosh Faryabi
Kenneth Votre
William Dutel
Adam Matasar
Sandra Mertens
Andrew Dockter
With Lindsay M. Harris from Harris Law & Co. + 8 others
Recorded March 12, 2025
Product ID 99958

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$449

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Overview

Give Each Enterprise the Best Chance to Succeed

The many uses of LLCs and their benefits are undeniable. However, the laws are changing, and to keep LLCs from becoming vulnerable, you need an updated analysis of how to create and operate them. This legal course outlines each step of LLC formation and operation with a view to the future. Dig into how LLCs are taxed, critical formalities that preserve the corporate veil, and get guidance for sale and transfer of interest. Register today!

  • Get a refresher on the basics of LLC creation and management.
  • Find out how the Corporate Transparency Act is changing LLC practices.
  • Lay out member duties and powers and address potential disputes.
  • Discuss critical factors in early decisions on entity selection and creation.
  • Explore best practices for LLC taxation.
  • Boost your LLCs' corporate veil protections with best advice for sound formalities and operation.

Abbreviated Agenda

  1. LLCs Overview and Types of Business Structures
  2. Sale and Transfer of Interests
  3. New Tax Considerations in LLC Formation: FinCen Beneficial Owner Reporting, Delaware General Corporation Law, and More
  4. LLC Taxation
  5. Critical Formalities: Fortifying the Corporate Veil
  6. Powers and Duties of the Members: Member-Managed vs. Manager-Managed
  7. Dispute Resolution: OA Provisions and Realities
  8. Voting and Decision-Making Mechanics
  9. Distributions and Allocations: Common Mistakes to Avoid
  10. Legal Ethics
Product ID 99958

Credit Details

Credits Available
Credit Status Total
Alaska CLE Approved 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
Idaho CLE Approved 6 Total
Illinois CLE Approved 6 Total
Indiana CLE Approved 6 Total
Kansas CLE Approved 7 Total
Louisiana 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 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
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. LLCs Overview and Types of Business Structures

    1. Top Uses of LLCs
    2. C Corp vs. S Corp vs. Partnership
    3. Single-Member LLCs
    4. Series LLCs
    5. DAO LLCs
  2. Sale and Transfer of Interests

    1. Business Interest Valuations
    2. Transfer Restrictions
    3. Voluntary Transfers
    4. How Buy-Sell Provisions Play out in Real Situations
    5. Handling the Exit of a Member
    6. Using LLCs to Invest in Real Estate
    7. Recognizing Sweat Equity
    8. Dissolution
  3. New Tax Considerations in LLC Formation: FinCen Beneficial Owner Reporting, Delaware General Corporation Law, and More

  4. LLC Taxation

    1. Member Compensation Taxation
    2. Section 199A Update
    3. Employment and Self-Employment Tax
    4. Passthrough Deduction
  5. Critical Formalities: Fortifying the Corporate Veil

    1. Annual Meetings and Minutes
    2. Common Assets Commingling Mistakes
    3. Keeping Accurate and Robust Organizational and Financial Records
  6. Powers and Duties of the Members: Member-Managed vs. Manager-Managed

  7. Dispute Resolution: OA Provisions and Realities

  8. Voting and Decision-Making Mechanics

  9. Distributions and Allocations: Common Mistakes to Avoid

  10. 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. Accountants, tax professionals, and paralegals may also benefit.

Speakers

Lindsay M Harris
Lindsay M.
Harris
Harris Law & Co.
Jonathan S Berck
Jonathan S.
Berck
Offit Kurman, P.A.
Micah J Stewart
Micah J.
Stewart
LaPorte CPAs & Business Advisors
Farnoosh Faryabi
Farnoosh
Faryabi
Forsberg & Umlauf, P.S.
Kenneth A Votre
Kenneth A.
Votre
Votre & Associates, P.C.
William J Dutel
William J.
Dutel
Dutel Law Firm
Adam N Matasar
Adam N.
Matasar
Jones Walker LLP
Sandra D Mertens
Sandra D.
Mertens
Gensburg, Calandriello & Kanter, P.C.
Andrew Dockter
Andrew
Dockter
Shook, Hardy & Bacon L.L.P.
Speaker bio
Lindsay M Harris

Lindsay M. Harris

Harris Law & Co.
Lindsay Harris

is the owner and managing member of Harris Law & Co. She leads succession planners in protecting every family and business using forward-thinking solutions derived from exceptional experience. Ms. Harris' knowledge and dedication shows in her work, and resulted in her selection as a Rising Star from Super Lawyers for six consecutive years. Whether it is creating wills, revocable trusts, irrevocable trusts, charitable trusts, special needs trusts, or advanced business plans such as family limited partnerships, limited liability companies or corporations, her passion is to ensure that every family and business is protected when life changing events occur. Ms. Harris maintains over 61 hours of continued legal education in the areas of estate and business planning each year. She graduated with her bachelor's degree, summa cum laude, in political science and Spanish from the University of South Dakota; and earned her J.D. degree, with high honors, from the University of South Dakota School of Law. Ms. Harris is admitted in South Dakota.

Speaker bio
Jonathan S Berck

Jonathan S. Berck

Offit Kurman, P.A.
Jonathan Berck

Esq., is a principal attorney in Offit Kurman, P.A.'s Business Law and Transactions practice group. He maintains a general corporate practice, with emphasis on domestic and international business transactions, counseling and formation of small and medium businesses, business succession planning, and commercial real estate. Mr. Berck regularly represents and advises his clients in matters concerning domestic and international agreements, mergers and acquisitions, joint ventures, project finance and captive insurance companies. He has extensive experience in international project and structured finance, private equity, and securities. Mr. Berck has worked with clients across the United States, U.K., Germany, Kazakhstan, Qatar and Kenya, among other jurisdictions. He practices in many different industries, including real estate, oil and gas, art, insurance, life settlements, telecommunications, agriculture, and banking. Mr. Berck is also a member of Offit Kurman's Cannabis Law group and is also a member of the firm's International and German practice groups. Mr. Berck is fluent in German. A Harvard Law graduate, he is based in New York and has been based in Washington, D.C., Frankfurt, and London. Mr. Berck is admitted in numerous jurisdictions in the United States and abroad. 

Speaker bio
Micah J Stewart

Micah J. Stewart

LaPorte CPAs & Business Advisors
Micah Stewart

is director of tax services with LaPorte CPAs & Business Advisors, where he has extensive experience in international tax planning, tax planning for partnerships, S-corporations and corporations. Mr. Stewart is a member of the American and Louisiana State bar associations, and the Louisiana Association of Business & Industry. He earned his B.A. degree from Loyola University; his J.D. degree from Loyola University College of Law; and his LL.M. degree in taxation from the University of Florida, Levin College of Law.

Speaker bio
Farnoosh Faryabi

Farnoosh Faryabi

Forsberg & Umlauf, P.S.
Farnoosh Faryabi

is an attorney with Forsberg & Umlauf, P.S. where she focuses her practice in the areas of contract law, health law and business litigation. Ms. Faryabi is admitted to practice in Washington and California. She earned her B.S. and B.A. degrees from the University of Washington, her J.D. degree from Thomas Jefferson School of Law, and her LL.M. degree in health law from the University of Washington.

Speaker bio
Kenneth A Votre

Kenneth A. Votre

Votre & Associates, P.C.
Kenneth Votre

is an attorney at Votre & Associates, P.C. He practices commercial litigation, taxation, tax litigation, international business litigation, legal malpractice, and intellectual property litigation. Mr. Votre earned his bachelor's degree from the University of Bridgeport, as well as his J.D. degree, magna cum laude. He earned his LL.M. degree in taxation from the University of Bridgeport, and his LL.M. degree in international and comparative law from Georgetown University Law Center. Mr. Votre is admitted to practice law in Connecticut; New York; U.S. District Court, District of Connecticut; U.S. Tax Court; U.S. Court of Appeals, Federal and Second circuits; U.S. Court of International Trade; U.S. Supreme Court; and U.S. District Court, Northern District of Illinois.

Speaker bio
William J Dutel

William J. Dutel

Dutel Law Firm
William Dutel

is the owner and managing attorney of Dutel Law Firm. He focuses his practice in wills, trusts and estates, and successions, as well as will, succession and trust litigation. Mr. Dutel also represents businesses and their owners, and handles business litigation. He lectures to various groups on estate planning, wills, successions and trusts, and related litigation. Mr. Dutel is a member of the 22nd Judicial District Court Bar Association, Louisiana State Bar Association, Kentucky Bar Association and the American Bar Association. He is admitted to practice in Louisiana and Kentucky. Mr. Dutel earned his B.S. degree in accounting from the University of New Orleans and his J.D. degree from Tulane University School of Law.

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.

Speaker bio
Sandra D Mertens

Sandra D. Mertens

Gensburg, Calandriello & Kanter, P.C.
Sandra Mertens

is a partner in the law firm of Gensburg, Calandriello & Kanter, P.C., where she is known for her diverse skill set, practicing in the areas of federal and state tax controversy and consulting, offshore account disclosures, estate planning, probate, estate and trust administration, general business law, and commercial litigation. Ms. Mertens has negotiated many tax resolutions with the IRS and Illinois Department of Revenue, reducing her clients' overall tax liabilities and helping them lower their monthly payment. Since 2008, she has served as a monthly contributor to Debits and Credits, a newsletter published by the Independent Accountants Association of Illinois. Ms. Mertens is also a member of the CBA's State and Local Tax Committee, and has lectured and prepared seminar materials for accountant and attorney education on a variety of topics, including offers in compromise, trust fund recovery penalties, IRS Voluntary Classification Settlement Program for workers, foreign reporting requirements, and the IRS' Offshore Voluntary Disclosure Program and compliance procedures. In addition, she assists large and small businesses with all stages of their business, from formation of an entity to contracts to employee issues, and dissolution. Ms. Mertens earned her B.A. degree, cum laude, from Trinity International University and her J.D. degree, with honors, from Chicago-Kent College of Law, Illinois Institute of Technology. She is admitted to the Illinois State Bar Association, U.S. District Court for the Northern District of Illinois, United States Bankruptcy Court and United States Tax Court. Ms. Mertens has also been admitted pro hac vice in the District Court for the District of Columbia and New York State Court.

Speaker bio
Andrew Dockter

Andrew Dockter

Shook, Hardy & Bacon L.L.P.
Andrew Dockter

is senior counsel with Shook, Hardy & Bacon L.L.P., where his practice focuses on business transactions and tax law for individuals, and all stages and sizes of business entities. He is experienced in routinely drafting and negotiating relevant documents for joint ventures, LLCs, partnerships (including limited partnerships), closely held businesses (including succession planning) and corporations, as well as assisting individuals with their interactions with such entities. Mr. Dockter represents clients in a wide variety of industries, including real estate, finance, technology, medical, manufacturing, service and retail. While earning his J.D. degree, he worked as a tax researcher for H&R Block where he specialized in business entity taxation issues. Mr. Dockter would then earn a Master of Laws degree in taxation. Before joining Shook, he worked for eight years as a business and tax law attorney in private practice.

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