LLC Operating Agreements from Start to Finish

$195.00

CLE Credits earned: 2 GENERAL (or 2 LAW & LEGAL for WA state)

Limited Liability Companies (LLCs) have become one of the most commonly used business structures in almost every jurisdiction in the United States. With its flexible governance structure, favorable tax treatments, and liability protection, there is no question that LLCs have become the go-to structure for new business or existing business that are being restructured. While LLCs do not demand the rigid formalities of corporate documents (like corporations do), an Operating Agreement is a must-have for all LLCs for several reasons. This presentation will cover the importance of an Operating Agreement in an LLC, drafting tips and best practices, and what every Operating Agreement should include.

Key topics to be discussed:

•   Key provisions
•   Important of Operating Agreements in LLC governance
•   Operating Agreements in Practical Use

Date / Time: September 9, 2019

•   2:00 pm – 4:00 pm Eastern
•   1:00 pm – 3:00 pm Central
•   12:00 pm – 2:00 pm Mountain
•   11:00 am – 1:00 pm Pacific

Choose a format:

•   Live Video Broadcast/Re-Broadcast: Watch Program “live” in real-time, must sign-in and watch program on date and time set above. May ask questions during presentation via chat box. Qualifies for “live” CLE credit.
•   On-Demand Video: Access CLE 24/7 via on-demand library and watch program anytime. Qualifies for self-study CLE credit. On-demand versions are made available 7 business days after the original recording date and are view-able for up to one year.

Select your state to see if this class is approved for CLE credit.

Choose the format you want.

Clear

Original Broadcast Date: March 13, 2019

Elizabeth Fernandez, Esq. is the managing attorney of EPGD Law’s West Palm Beach office. 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. Before joining EPGD Law, Mrs. Fernandez interned at the City of Miami City Attorney’s Office, where she assisted in civil litigation matters, and the CABA Pro Bono Project.

Elizabeth is involved in the following professional associations:
• Dade County Bar Association
• South Miami Kendall Bar Association
• Cuban American Bar Association

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. In her spare time, Elizabeth enjoys attending sporting events and concerts, and spending time with her family.

Elizabeth focuses her practice on Estate Planning, Wills, Trusts, Guardianship, Probate, and Advanced Directives.

Accreditation Policy
myLawCLE seeks accreditation for all programs in all states. (Accreditation for paralegals sought thru NALA and NFPA paralegal associations.) Each attending attorney/paralegal will receive a certificate of completion following the close of the CLE program as proof of attendance. In required states, myLawCLE records attorney/paralegals attendance, in all other states attorney/paralegal is provided with the approved CLE certificate to submit to their state bar or governing association.

    Automatic MCLE Approvals

All myLawCLE CLE programs are accredited automatically either directly or via reciprocity in the following states: AK, AR, CA, CT, FL, HI, ME, MO, MT, ND, NH, NM, NJ, NY, WV, and VT. (AZ does not approve CLE programs, but accepts our certificates for CLE credit.)

    Live Video Broadcasts

Live video broadcasts are new live CLE programs being streamed and recorded for the first time. All of these programs qualify for “Live” CLE credit in all states except NV, OH, MS, IN, UT, PA, GA, SC, and LA —these states require in-person attendance to qualify for “Live” CLE credit.

    “Live” Re-Broadcasts

“Live” Re-broadcasts are replays of previous recorded CLE programs, set on a specific date and time and where the original presenting speakers calls in live at the end of the event to answer questions. This “live” element allows for “live” Re-broadcast CLEs to qualify for “Live” CLE credits in most states. [The following states DO NOT allow for “live” CLE credits on re-broadcast CLEs: NV, OH, MS, IN, UT, PA, GA, SC, and LA]

Reciprocity
Many states allow for credit to be granted on a 1:1 reciprocal basis for courses approved in another mandatory CLE jurisdiction state. This is known as a reciprocity provision and includes the following states: AK, AR, HI, CT, FL, ME, MO, MT, ND, NH, NM, VT, NJ, NY, and WV. myLawCLE does not seek direct accreditation of live webinars or teleconferences in these states.

Section I. Overview of LLCs

Section II. Importance of Operating Agreements

Section III. Major Provisions
a) Formation of LLC
b) Membership
c) Capital Accounts; Member Contributions; Advances and Return of Capital
d) Allocation of Profits and Losses and Distributions
e) Rights and Duties of Members
f) Management
g) Transfer of Membership Interests
h) Books and Records
i) Taxation
j) Indemnification
k) Termination and Dissolution
l) Miscellaneous Provisions

Section IV. Practical Use of Operating Agreements