LexisNexis®
University

Drafting LLC Agreements: Top 10 Mistakes and Oversights

Content Provider
American Law Institute CLE
Product
CLE
Run Time
93 Minutes
Recording Date
07/21/2022
Presenter(s)
Brian J. O'Connor, Steven R. Schneider
Learning Method
On-Demand Training
Practice Area
Taxation, Corporate and Business Law

Price $259.00

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Description

It is essential that operating agreements for multi-member LLCs be comprehensive, taking into account the financial, tax, and working relationships of the members in a way that addresses the specifics of the business. Join us for this 90-minute program that will examine the keys to negotiating, drafting, and fine-tuning LLC operating agreements with a special emphasis on tax implications and possible outcomes, including: Key components found in every operating or joint venture agreement What are the typical and most problematic sections of the agreement? Ways to address clauses involving tax allocations, capital contributions, and distributions Avoid concerns associated with audits transfers of interest, and dissolution

Literature

State Status Total Credits Type Of Credit Approved Thru
AlabamaApproved1.50General12/31/2023
AlaskaApproved1.50GeneralOn-going
ArizonaApproved1.50GeneralOn-going
ArkansasApproved1.50GeneralOn-going
CaliforniaApproved1.50Participatory07/20/2027
ColoradoApproved2.00General12/31/2024
ConnecticutApproved1.50SkillsOn-going
DelawareApproved1.60General07/20/2024
FloridaApproved2.00General03/31/2024
GeorgiaApproved1.50General12/31/2023
HawaiiApproved1.50General07/20/2024
IdahoApproved1.50General07/20/2027
IllinoisApproved1.50General09/06/2024
IndianaApproved1.50General10/23/2023
IowaApproved1.50General07/20/2023
KansasApproved1.50General08/21/2023
KentuckyApproved1.50General06/30/2023
LouisianaApproved1.50General08/21/2023
MaineApproved1.50General10/09/2024
MinnesotaApproved1.50General09/25/2024
MississippiApproved1.60General08/21/2023
MissouriApproved1.90GeneralOn-going
MontanaApproved1.50General07/20/2025
NebraskaApproved1.55General07/20/2024
NevadaPending State Response0.00
New HampshireApproved1.60General07/20/2025
New JerseyApproved1.50GeneralOn-going
New MexicoApproved1.60General07/20/2027
New YorkApproved1.50SkillsOn-going
North CarolinaPending State Response0.00
North DakotaApproved1.50General07/20/2025
OhioApproved1.50General12/31/2023
OklahomaApproved1.50General08/22/2023
OregonApproved1.50General08/14/2025
PennsylvaniaApproved1.50General08/21/2024
Puerto RicoApproved1.55General10/23/2023
Rhode IslandApproved1.50General06/30/2023
South CarolinaApproved1.50General12/31/2023
TennesseeApproved1.55General08/21/2023
TexasApproved1.50General09/22/2023
UtahPending State Response0.00
VermontApproved1.50GeneralOn-going
VirginiaApproved1.50General10/31/2023
WashingtonApproved1.50General07/20/2027
West VirginiaApproved1.86GeneralOn-going
WisconsinApproved1.50GeneralOn-going
WyomingPending State Response0.00