NYSBA CLE: Dealing With LLC Formation and Operating Issues
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 will explain 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 panelists will discuss how to tailor an LLC for those transactions with emphasis on structure and drafting considerations. The speakers will also address tax and financial issues applicable to LLCs in general and to the specific areas/transactions for which you are drafting. Time has also been reserved to cover best ways to handle potential internal disputes in the organization.
Farrell Fritz litigation partner, Peter A. Mahler, will be speaking from 10:55 a.m. to 11:45 a.m. on the topic, Internal Disputes: How to Limit Future Problems Arising From Deadlock, Control Issues and Member Dissociation.
This program is approved for 4.0 total credits. 2.0 credit hours of practice management and/or professional practice; 2.0 credit hours of skills. The basic-to-intermediate-level course may be used for New York MCLE credit by all attorneys, including those who are newly admitted (less than 24 months).
Click on the link to view the NYSBA's Fall 2009 Schedule.