Major Issues to Consider When Drafting LLC Operating Agreements

$195.00

Re-Broadcast on May 17, 2018

This course will give a basic review of limited liability companies and issues to consider when drafting operating agreements, including: (i) what is a limited liability company; (ii) the history of limited liability companies; (iii) the legal characteristics of a limited liability company; (iv) the advantages and disadvantages of a limited liability company; (v) the similarities and differences between limited liability companies and “s” corporations; (vi) the formation of limited liability companies, including applicable legal requirements; (vii) a review of operating agreements, including their purpose, types, terms, and suggested provisions; and (viii) proposed regulations affecting limited liability companies.

This course is co-sponsored by Wolters Kluwer.

Key topics to be discussed:

•  The history and legal characteristics of a limited liability company
•  The advantages and disadvantages of limited liability companies, including their similarities and differences with an “s” corporation
•  The formation of limited liabilities companies, including applicable legal requirements
•  A review of operating agreements, including their purpose, types, terms, and suggested provisions

Date / Time: May 17, 2018

•  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.

Clear

thomas-glascockThomas D. Glascock, Esq. is a sole practitioner, with offices in Huntington, New York. Mr. Glascock concentrates his legal practice representing numerous businesses on various legal and business planning matters, including closely-held businesses, purchasers/sellers and lessors/lessees in commercial real estate matters, and individuals in estate planning and probate matters. He has significant experience working with corporations and limited liability companies in various organizational and transactional matters. Mr. Glascock also represents leading real estate developers, property managers, and real estate investors on various commercial real estate matters. His trusts and estates practice involves both assisting individuals in their planning needs and working with businesses to prepare for and satisfy their business and succession planning needs. Mr. Glascock is admitted to practice law in the state of New York, the District of Columbia and the state of North Carolina. He earned his B.A. degree from the State University of New York, College at Geneseo; and an M.B.A. degree from the University Tennessee-Knoxville, where he was a Berkline M.B.A. fellow and a John C. Cox Memorial M.B.A. fellow. Mr. Glascock earned his law degree from the SUNY at Buffalo School of Law, where he was an editor on the Law Review. He has served as a speaker at numerous professional events, and has written numerous white papers and professional articles.

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, AL, AR, CA, CO, CT, FL, GA, HI, ME, MO, MS, MT, ND, NH, NM, NJ, NY, PA, PR, SD, UT, WV, WY and VT. (AZ does not approve CLE programs, but accepts our certificates for CLE credit.)

Applied MCLE Approvals
myLawCLE seeks approval via application in all other states that are not automatically approved through myLawCLE’s state accreditation. (Some states may take up to 4 weeks to send in final accreditation, however attendees will receive accreditation according to the date the class was taken—the state of VA may take up to 12 weeks.)

Accreditation on Formats: Live Video Broadcasts, “Live” Re-Broadcasts and On-Demand CLEs

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 LA and PA—these two 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: NM and LA.]

On-Demand CLEs
On-demand CLE classes are available 24/7 via the myLawCLE portal. Attendance to these classes is monitored and recorded via our login process and a certificate of completion is issued upon the close of viewing the program. These CLEs can be viewed at anytime and only qualify for self-study CLE credits.

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, CO, CT, FL, GA, ME, MO, MT, ND, NH, NJ, NY, PR, SD and WV. myLawCLE does not seek direct accreditation of live webinars or teleconferences in these states.

myLawCLE Credit Guarantee
Additionally, on all online CLE programs application for approval will be made in all states where attending attorneys are primarily licensed in. If a registered attorney does not receive credit from their state for any reason, a full refund will be granted.

Section I. What is a limited liability company

Section II. The history of limited liability companies

Section III. The legal characteristics of a limited liability company

Section IV. The advantages and disadvantages of a limited liability company

Section V. The similarities and differences between limited liability companies and “s” corporations

Section VI. The formation of limited liability companies, including applicable legal requirements

Section VII. A review of operating agreements, including their purpose, types, terms, and suggested provisions