Description
Operating agreements for multi-member LLCs are complex documents that define the significant issues between the members, set the guidelines for how major decisions will be made, and establish how disputes will be resolved. An optimal agreement will achieve the goals of the LLC’s members regarding, among other things, fiduciary, succession, tax, and management issues. Are you properly advising your clients on creating operating agreements that effectively anticipate and address these issues?
It is essential that operating agreements for multi-member LLCs be comprehensive, taking into account the financial and working relationships of the members in a way that addresses the specifics of the business.
This recorded 90-minute webcast provides an intensive overview of the keys to negotiating, drafting, and fine-tuning LLC operating agreements, including:
• Creating operating agreements that head off fiduciary, deadlock, and dispute resolution issues
• Minimizing the risk of LLC veil piercing
• Addressing transfers of LLC membership rights
• Identifying red flags, common pitfalls, and risks
• Handling key ethical issues lawyers must address in LLC formations
• Plain English review of Form 6.2 – Model operating agreement for multi-member LLCs
See CLE State Accreditation for credit details.
If you are licensed in New York, this content is appropriate for both newly admitted and experienced New York attorneys. Although, this content is appropriate for all New York attorneys, newly admitted attorneys cannot earn CLE credit for the completion of the course when presented via on-demand.