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2021 Drafting LLC Operating Agreements

Total Credits: 1.6 MCLE, 1.5 Kansas Credit

Practice Area:
Business & Corporate |  Tax
Audio and Video
Access for 1 year(s) after program date.



What you will learn: 

  • Abandoning the “Corporate Mind-Set” and Adopting the “Partnership Mind-Set” 

  • Articles of Organization - Understanding Who has Authority to Act and Why 

  • Management - Member vs Manager - Why it Matters 

  • The Sole Member Operating Agreement 

  • Initial Capital Contribution 

  • Voluntary Withdrawal - DANGER 

  • What Terminates Membership ... Events of Withdrawal 

  • Understanding Economic vs. Governance Interest (Charging Order Protection) 

  • Distributions vs. Profit & Losses 

  • Meetings - Why? 

  • Dissolution - the Forgotten Operating Agreement Provision 

  • Transfer of Membership 

  • Trustee of Revocable Trust as Member - Transfer on Death 

Speaker & Moderator: James A. Borchers, InNovare Law, LC, St. Charles 



James Borchers's Profile

James Borchers Related seminars and products: 2

InNovare Law, LC

Jim Borchers has over 30 years of experience in small business, commercial transactions, real estate and estate planning.  He received his BA in Economics from Valparaiso University, JD from Gonzaga University and LL.M in Taxation from Washington University, St. Louis. Jim teaches LLC’s for The Missouri Bar and NBI in Missouri, Kansas and for national audiences. He expects to publish a new Missouri limited liability company practice manual with forms in 2021.


Wed, May 19, 2021 - 02:00pm to 03:21pm CDT

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