Common Mistakes in Handling LLC Member Interests (2024 Edition)

Elizabeth Fernandez
Elizabeth Fernandez | Gonzalez, Shenkman & Buckstein, P.L.

Elizabeth Fernandez is an Associate Attorney at Gonzalez, Shenkman & Buckstein, P.L., whose practice ranges from business and corporate law to estate planning and administration.

On-Demand: June 14, 2024

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2 hour CLE
Tuition: $195.00
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Program Summary

Limited liability companies (LLCs) have become the preferred corporate structure for many businesses over the years due to their versatility, limited liability protection and less stringent corporate requirements. Because of its proliferation, LLCs can also be misused or mishandled, resulting in unintended consequences for its members. This course will address common errors seen often when dealing with LLC member interests, its consequences, and how to avoid them.

This course is co-sponsored with myLawCLE.

Key topics to be discussed:

  • Importance of documenting ownership, transfers and assignments of LLC membership interest
  • Disadvantages to having minor children as members of LLC
  • Failing to plan for key events, like death, divorce, disability and debt
  • Distinguishing economic owners and members of LLC

Closed-captioning available

Speakers

Elizabeth-Fernandez_Gonzalez,-Shenkman-&-Buckstein,-P.L_myLawCLEElizabeth Fernandez | Gonzalez, Shenkman & Buckstein, P.L.

Elizabeth Fernandez is an Associate Attorney at Gonzalez, Shenkman & Buckstein, P.L., whose practice ranges from business and corporate law to estate planning and administration. She received her B.A. in Political Science from Florida International University, and is a Lifetime Member of the FIU Alumni Association. Elizabeth earned her Juris Doctor with honors from St. Thomas University School of Law. While at St. Thomas, she was the President of the St. Thomas University Chapter of the Cuban American Bar Association and briefly served as Executive Vice President of the St. Thomas University Trial Team. Elizabeth received the CALI Book Award for Administrative Law and earned Dean’s List distinctions several times. Prior to joining GSB Law, Elizabeth was the Chair of the Trusts & Estates Practice of a business and commercial law firm in Miami, Florida.

Elizabeth is fluent in Spanish and is admitted to practice law in the State of Florida. She is also admitted to practice before the U.S. District Courts for the Southern District of Florida and the U.S. Tax Court.

Agenda

I. Importance of documenting ownership, transfers and assignments of LLC membership interest | 11:00am – 11:30am

II. Disadvantages to having minor children as members of LLC | 11:30am – 12:00pm

Break | 12:00pm – 12:10pm

III. Failing to plan for key events, like death, divorce, disability and debt | 12:10pm – 12:40pm

IV. Distinguishing economic owners and members of LLC | 12:40pm – 1:10pm

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