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Self-Study

2021 Drafting LLC Operating Agreements


Total Credits: 1.6 Self Study

Practice Area:
Business & Corporate |  Tax
Format:
Audio and Video


Description

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) 

  • Distriutions vs. Profit & Losses 

  • Meetings - Why? 

  • Dissolution - the Forgotten Operating Agreement Provision 

  • Transfer of Membership 

  • Trustee of Revocable Trust as Member - Transfer on Death 

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

Note: This material qualifies for self-study credit only. Pursuant to Regulation 15.04.5, a lawyer may receive up to six hours of self-study credit in a reporting year. Self-study programs do not qualify for GAL Certification, ethics, elimination of bias or Kansas credit.

Materials

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