A Practical Guide to LLCs (OnDemand)
Originally held on Friday, November 15, 2019 | 9:00 a.m. - 1:00 p.m.
OnDemand: $249 for Members | $349 for Nonmembers
Members who are Recent Law Graduates, Newly Admitted Lawyers (admitted for the first time in any state or country 2017-2019), In-House/Corporate Counsel, Judges, or attorneys that practice within the Government, Academic or Not-for-Profit sectors attend this program for free.
New York: 4.0 Total: 2.0 Skills, 1.0 Professional Practice, 1.0 Ethics
New Jersey: 4.1 General
California: 3.0 Total: 2.5 General, 0.5 Professional Responsibility
Pennsylvania: 3.0 Total: 2.5 General, 0.5 Professional Responsibility
Please Note: Newly admitted NY attorneys cannot fulfill ethics or skills credits through our on-demand programs under OCA rules. For more information on this, please see http://www.nycourts.gov/attorneys/cle/changes_for_2016.shtml.
In this seminar, an experienced panel will provide a practical
introduction to LLCs. The panel will compare the LLC structure to
corporations (including S corporations), partnerships and sole
proprietorships, citing the advantages and disadvantages of each such
structure and how such advantages and disadvantages can shape one’s
choice-of-entity decision. Speakers will walk through the mechanics of
forming an LLC, including drafting the basic operating agreement.
Working from actual operating agreements, panelists will review
managerial, voting, governance and control structures (including
consents and tie-breaker arrangements), typical as well as unusual
capital structures (including preferred interests, profits interests and
multi-class interests) and buy-outs and exit strategies (including
drag-alongs and tag-alongs and buy-outs upon death). The discussion
will include the use of equity-based incentive compensation arrangements
in the context of an LLC and compare them to traditional corporate
stock option plans. Throughout its presentation the panel will
highlight tax issues and benefits that arise from the utilization of
LLCs, discuss new developments in the area of LLC law and provide
real-world examples of the use of LLCs in specific businesses and
Click Here to View Program Agenda & Faculty
Stella Lellos, Rivkin Radler LLP