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.
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