Drafting LLC Agreements: Essential Skills and Hands-On Training Training Class

Course ID: 20206

Drafting LLC Agreements: Essential Skills and Hands-On Training Training Seminar

Craft Solid Documents to Ensure Member Interests are Protected

If you've ever been called upon to assist your clients in the preparation of documents for LLC formation, you know that correctly drafting the specific details of the agreement can be the key to the venture's success. How do your skills stack up? Are you creating the instrument best suited to your clients' purposes? This nuts and bolts seminar will help you craft all the necessary standard documents - and tailor them to fit each LLC's unique needs. Your clients' ventures deserve to start off on the right foot - make sure you have the knowledge and skills to give them the essential foundations they need.

Assemble all the required forms, letters and other crucial documentation so you can draft documents that protect all member rights.
Use hypothetical situations faced by a sample company to prepare for the drafting challenges you may face.
Create solid operating agreements that provide clear guidelines for all crucial operations during the life cycle of the business.
Address important financial considerations including allocations and distributions to prevent future disagreements.
Help your clients navigate membership transfers and dissolution smoothly by incorporating the correct language into the agreement.
Maintain a reputation for integrity by properly handling conflicts of interest and other ethical issues.


	Agenda
	OVERVIEW OF TYPES OF BUSINESS ENTITY 9:00 - 10:00 Phillip Buffington Jr. Sole Proprietorship C Corporation S Corporation Professional Corporation General Partnership Limited Partnership Limited Liability Company Limited Liability Partnership Professional Limited Liability Company Check-The-Box Regulations for Entity Tax Classification Choice of Entity Considerations ORGANIZATION AND OPERATION OF THE LLC: MISSISSIPPI STATUTES 10:00 - 11:00 Barry K. Jones. Certificate of Formation Operating Agreement Management Structure Rights and Duties of Members Rights and Duties of Managers Contributions and Distributions Assignment of Membership Interests Buy-Sell Agreements Procedure for Dissolution Procedure for Merger Professional Limited Liability Company ACCOUNTING FOR LLC ORGANIZATION AND OPERATION 11:15 - 12:15 Barry K. Jones. Capital Accounts: Establishment and Maintenance Income Allocation: Requirements and Options Withdrawals and Transfers Section 754 Elections Mergers and Divisions Change of Form DRAFTING THE LLC AGREEMENT 1:15 - 3:15 Jon D. Seawright. Governing Instruments: Articles of Organization and Operating Agreements Default and Mandatory Statutory Provisions Purpose; Powers Capital Contributions Distributions: Cash and Property Tax Allocations and Other Tax Matters Management Rights, Duties and Responsibilities of Members Meetings and Other Formalities Books and Records Transfers of Membership Interests Rights Upon Death of a Member Withdrawal and Expulsion Buy-Sell Provisions Fiduciary Duties Dissolution and Liquidation ETHICS 3:30 - 4:30 Phillip Buffington Jr. Conflicts of Interest and Confidentiality Specialists and Tax Practice Regulatory Compliance/Unauthorized Practice of Law Fees and Compensation

Audience

This basic-to-intermediate level seminar will provide the practical skills needed for drafting effective LLC agreements along with hands-on walk-throughs for: