LLC Operations Primer: Rights and obligations of and dispute resolution for LLC members and managers (Including 1 hour of Ethics)
Thomas P. Owen, Jr., joined Stanley, Reuter, Thornton & Alford, LLC in 2004. He concentrates his practice in providing legal advice and representing business clients - particularly concerning closely held companies - both in transactions and in litigation.
On-Demand: March 28, 2024
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Tuition: $195.00
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Program Summary
Session I - LLC Operations Overview: Powers and duties, corporate veil, voting, transfers, and disputes – Thomas P. Owen, Jr
This program will provide an overview of how LLCs operate with a focus on the roles of and potential disputes involving LLC members and managers. We will initially discuss the structure of LLCs, the roles of members and managers in the LLC, and voting provisions that can help outline those roles. We will further consider provisions that can help resolve disputes between members and/or managers, including the voluntary and involuntary transfer of membership interests. Finally, we will discuss how members and managers can operate to avoid veil piercing and the disregard of the limited liability protections provided by LLCs.
Key topics to be discussed:
- LLC Structure
- Powers and Duties of Members and Managers
- Voting Provisions
- Dispute Resolution
- Transfers of Interests
- Preventing Veil Piercing
Session II - Legal Ethics for LLC Attorneys – Thomas P. Owen, Jr
This CLE will discuss certain legal ethics issues that can arise when representing clients concerning LLC issues. We will initially consider the role of attorneys in advising on LLC matters and who the attorney can and should represent in LLC matters. We will also consider how conflicts of interests may arise and be addressed in the context of an LLC related representation, issues concerning confidentiality and reporting fraud when representing LLCs, and unique legal ethics issues related to charging and collecting attorney fees involving LLCs.
Key topics to be discussed:
- Role of Attorney in LLC Matters
- Determining the Client
- Conflicts of Interest
- Confidentiality/Reporting Fraud
- Attorneys’ Fees
This course is co-sponsored with myLawCLE.
Closed-captioning available
Speakers
Thomas P. Owen, Jr | Stanely Reuter Thornton & Alford LLC
Thomas P. Owen, Jr., joined Stanley, Reuter, Thornton & Alford, LLC in 2004. He concentrates his practice in providing legal advice and representing business clients – particularly concerning closely held companies – both in transactions and in litigation. This includes representing clients in contract negotiations, litigation and arbitration disputes as well as providing advice to clients regarding numerous business matters, including corporate formation and governance, mergers and acquisitions, employment issues, insurance coverage disputes, confidentiality concerns, and trade secret protection.
Prior to joining his firm, Mr. Owen clerked with the Honorable James L. Dennis of the United States Fifth Circuit Court of Appeals. He also graduated summa cum laude and Order of the Coif from Tulane Law School in 2002, where he served as Editor in Chief of the Tulane Law Review.
Mr. Owen has been selected for inclusion in Louisiana Super Lawyers every year since 2013 when he was initially listed as a Rising Star, has been selected for inclusion in The Best Lawyers in America every year since 2016 for Commercial Litigation and has also been selected in the areas of Appellate Practice, Ethics and Professional Responsibility Law, Defendants’ Mass Tort Litigation and Class Actions, and Real Estate Litigation. He has also been named a Top Lawyer by New Orleans Magazine for Legal Malpractice Law in 2018, 2021-2023 and for Appellate Practice in 2019.
Mr. Owen is currently the Bar Examiner for Code I (Property and Family Law) of the Louisiana Bar Exam, is a member of the Board of Advisory Editors of the Tulane Law Review, is a former President of the Tulane Law Review Alumni Association, and has made multiple presentations on the issues of business transactions and litigation, legal ethics, and professionalism, and for the past several years has co-taught a Computer Law class with fellow firm member Bryan Reuter.
Agenda
Session I – LLC Operations Overview: Powers and duties, corporate veil, voting, transfers, and disputes | 12:00pm – 1:00pm
- LLC Structure | 12:00pm – 12:10pm
- Powers and Duties of Members and Managers | 12:10pm – 12:20pm
- Voting Provisions | 12:20pm – 12:30pm
- Dispute Resolution | 12:30pm – 12:40pm
- Transfers of Interests | 12:40pm – 12:50pm
- Preventing Veil Piercing | 12:50pm – 1:00pm
Break | 1:00pm – 1:10pm
Session II – Legal Ethics for LLC Attorneys | 1:10pm – 2:10pm
- Role of Attorney in LLC Matters | 1:10pm – 1:25pm
- Determining the Client | 1:25pm – 1:40pm
- Conflicts of Interest | 1:40pm – 1:50pm
- Confidentiality/Reporting Fraud | 1:50pm – 2:00pm
- Attorneys’ Fees | 2:00pm – 2:10pm
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