Home

LLC Formation and Operating Issues (2009)

The limited liability company, the LLC, has become the entity of choice for many business clients of attorneys, yet there is no “one size fits all” LLC operating agreement. The content of the operating agreement depends in large part on the nature of the business transaction - whether involving, for example, an investment entity or family asset planning - and on the potential complexity of the transaction.

This practical, half-day program goes beyond a survey-type course and explains how to use LLCs for different business transactions. After reviewing general guidelines of forming LLCs and some basic drafting points that are common to all LLC operating agreements, the experienced panelists discuss how to tailor an LLC for those transactions with emphasis on structure and drafting considerations. The speakers also address tax and financial issues applicable to LLCs in general and to the specific areas/transactions for which you are drafting. Also covered are best ways to handle potential internal disputes in the organization.

The speakers spend considerable time analyzing terms and provisions that should or should not be in an operating agreement, given the client’s objectives, and they will highlight recommended drafting tips for the attorney/business counselor.

Program Contents

• Formation Guidelines
• Tax Issues and the Use of LLCs for Family/Asset Planning
• Internal Disputes: How To Limit Future Problems
• Drafting Dos and Don’ts for Financial Provisions

Program Speakers

Bruce A. Rich, Esq. (Chair)
Carter Ledyard & Milburn LLP
—New York City
Editor, Practice Commentaries
McKinney’s Consolidated Laws of New York
Limited Liability Company Law

Speakers  (in alphabetical order)

Jason S. Kaplan, Esq.
Schulte Roth & Zabel LLP
—New York City

Laurence Keiser, Esq., CPA
Stern Keiser Panken & Wohl, LLP
—White Plains

Peter A. Mahler, Esq.
Farrell Fritz, P.C.
—New York City

Total MCLE Credits 4.0
Ethics MCLE Credits 0.0

* Each additional person who uses the tapes for MCLE credit must purchase a copy of the “MCLE coursebook.”

Product Type	Member Price	Non Member Price
LLC Formation and Operating Issues (2009) (This product cannot be used to receive MCLE credit) (CLE CourseBooks) 1848	$40.00	$60.00
+ LLC Formation and Operating Issues (2009) (MCLE credit only if you have access to the course's audio/video/CD recording. You cannot receive MCLE credit from a coursebook alone.) (CLE CourseBooks) 1848M	$60.00	$125.00
* LLC Formation and Operating Issues (2009) (MCLE Audio on CD) D8484	$115.00	$195.00
Dealing with LLC Formation and Operating Issues (2009) [Audio] (On-Line Programs) 80848	$95.00	$175.00