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
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
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.
• 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
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
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.”
Non Member Price
LLC Formation and Operating Issues (2009) (This product cannot be used to receive MCLE credit) (CLE CourseBooks) 1848
+ 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
* LLC Formation and Operating Issues (2009) (MCLE Audio on CD) D8484
Dealing with LLC Formation and Operating Issues (2009) [Audio] (On-Line Programs) 80848
+ Each additional person who uses the recorded media for MCLE credit must purchase a copy of this "MCLE coursebook"
* This recording already includes one copy of the MCLE course materials. Course materials provided electronically for all CLE Online Programs, and for CD/DVD Programs from 2010 and later. CD/DVD Programs prior to 2010 include a printed copy of the course materials.
NEW YORK STATE BAR ASSOCIATION, ONE ELK STREET, ALBANY, NY 12207 PH: (518) 463-3200 SECURE FX: (518) 463-5993