Professional Services Agreements in Construction Live Webinar

Limited Liability Companies: Common Traps to Avoid (OnDemand Webinar)

$219.00

SKU: 410410EAU

Description

Find out how to ensure your LLC meets the requirements necessary to avoid common pitfalls.Many persons responsible for the selection, formation, management, governance, and taxability of LLCs are not fully familiar with the most common LLC traps to avoid and how to plan to avoid them. This topic identifies common LLC traps to avoid, such as handling charging orders and formation traps. This material will also discuss LLC veil piercing mistakes, the problem with single member LLCs, certain partnership taxation issues, and specific LLC operating agreement provisions regarding members, managers, management deadlock, member disputes, sale and transferability of membership interests, securities compliance, voting, and the authority of members and managers.

Date: 2023-03-09 Start Time: End Time:

Learning Objectives

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LLC Tax Traps
• Will an LLC Always Be Taxed as a Partnership?
• Tax Traps for Investor Member vs. Operating Member
• Disregarded Entity Classification
• Self-Employment Taxation for Members
• Entity Classification Election Form 8832

Charging Order Landmines
• Judgement Creditor of a Member
• Statutory Charging Orders
• Assignable Interest in the LLC
• LLC Operating Agreement Provisions

Selection of the Single-Member LLC
• Single Member LLCs: The Albright Case, the Olmstead Case, and Other Related Cases

LLC Veil-Piercing Mistakes That Expose Personal Liability
• Piercing the LLC Veil
• Violation of Duty to Impose Member Personal Liability
• Fraud or Misrepresentation to Impose Member Personal Liability
• Consumer Protection Act Violation to Impose Member Personal Liability
• Unfair and Deceptive Practices to Impose Member Personal Liability
• Wrongful Withholding of Employment Wages to Impose Member Personal Liability
• Alter Ego Theory to Impose Member Personal Liability

LLC Operating Agreement Provisions Respecting Members and Membership
• Alternative Dispute Resolution Provisions – Management Deadlock
• Specific Member and Manager Member Voting Provisions
• Specific Manager Member Management Authority
• Specific Provisions for Securities Compliance
• Specific Provisions for Sale and Transfer Ability of a Member’s Interest

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AIPB ,CLE (Please check the Detailed Credit Information page for states that have already been approved) ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

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Gretta C. Spendlove-Dentons Durham Jones Pinegar P.C.

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Professional Services Agreements in Construction Live Webinar

Limited Liability Companies: Common Traps to Avoid (OnDemand Webinar)

$219.00

SKU: 406560EAU

Description

Find out how to ensure your LLC meets the requirements necessary to avoid these common pitfalls.Many limited liability companies have no companyoperating agreements. Others have agreements which are sloppily written, don’t match what the company actually does, or contain land mines. The laws regulating creditors’ ability to invade LLCs and vote their members’ interests is also constantly changing. Careful drafting is essential to avoid this threat. This topic helps attorneys and businesspeople to understand the risks of forming and operating an LLC. It explains how to create a companyoperating agreement that clearly defines the roles and duties of members and managers and minimizes their liability. It discusses how to avoid the perils of veil piercing, and how to use welldrafted assignability and charging order provisions to foil judgment creditors. It explains complex tax provisions that, if not understood, can jeopardize how LLC profits and losses are distributed and taxed.

Date: 2020-12-02 Start Time: End Time:

Learning Objectives

Formation Traps
• Avoiding a Mismatch Between Company and State of Creation
• Avoiding Management Structures That Don’t Work
• Avoiding Ambiguity and Mistake in Documenting Contributions and Distributions
• Getting in and Getting out – Transfer Provisions

Liability Traps
• Perils of Single Member LLCs
• Veil-Piercing Mistakes
• Actions by Members and Managers That Create Personal Liability
• Protecting Managers and Members by Limiting Duties and Providing Indemnities
• Foiling Judgment Creditors – Non-Encumbrance, Assignability, and Charging Order Provisions
• Staying Clear of the SEC Securities Provisions

Tax Traps
• Choosing Tax Status for LLCs
• Investor Members Versus Operating Members
• Ordinary Income Asset Trap (Section 751)
• Family Partnership Trap (Section 704E)
• Special Allocations
• Section 754 Elections
• Other Tax Issues

CLE (Please check the Detailed Credit Information page for states that have already been approved) ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Gretta C. Spendlove-Dentons Durham Jones Pinegar P.C.

Professional Services Agreements in Construction Live Webinar

Limited Liability Companies: Common Traps to Avoid (OnDemand Webinar)

$219.00

SKU: 405533EAU

Description

Find out how to ensure your LLC meets the requirements necessary to avoid these common pitfalls.Many persons responsible for the selection, formation, management, governance, and taxability of LLCs are not fully familiar with the most common LLC traps to avoid and how to plan to avoid them. This topic identifies common LLC traps to avoid, such as handling Charging Orders and formation traps. This material will also discuss LLC veil piercing mistakes, the problem with single member LLCs, certain partnership taxation issues, and specific LLC Operating Agreement provisions regarding members, managers, management deadlock, member disputes, sale and transferability of membership interests, securities compliance, voting, and the authority of members and managers.

Date: 2019-01-11 Start Time: End Time:

Learning Objectives

LLC Tax Traps
• Will an LLC Always Be Taxed as a Partnership?
• Tax Traps for Investor Member vs. Operating Member
• Disregarded Entity Classification
• Self-Employment Taxation for Members
• Entity Classification Election Form 8832

Charging Order Landmines
• Judgement Creditor of a Member
• Statutory Charging Orders
• Assignable Interest in the LLC
• LLC Operating Agreement Provisions

Selection of the Single-Member LLC
• Single Member LLCs: The Albright Case, the Olmstead Case, and Other Related Cases

LLC Veil-Piercing Mistakes That Expose Personal Liability
• Piercing the LLC Veil
• Violation of Duty to Impose Member Personal Liability
• Fraud or Misrepresentation to Impose Member Personal Liability
• Consumer Protection Act Violation to Impose Member Personal Liability
• Unfair and Deceptive Practices to Impose Member Personal Liability
• Wrongful Withholding of Employment Wages to Impose Member Personal Liability
• Alter Ego Theory to Impose Member Personal Liability

LLC Operating Agreement Provisions Respecting Members and Membership
• Alternative Dispute Resolution Provisions – Management Deadlock
• Specific Member and Manager Member Voting Provisions
• Specific Manager Member Management Authority
• Specific Provisions for Securities Compliance
• Specific Provisions for Sale and Transfer Ability of a Member’s Interest

CPE ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Jeffrey M. Grieff-Miller Nash Graham & Dunn LLP