2021 Drafting LLC Operating Agreements

Course Description

Archive : 2021 Drafting LLC Operating Agreements Digital Download
Salepage : 2021 Drafting LLC Operating Agreements
Delivery : Online With Any Device

What you will learn:

• Abandoning the -Corporate Mind-Set and Adopting the -Partnership Mind-Set
• Articles of Organization – Understanding Who has Authority to Act and Why
• Management – Member vs Manager – Why it Matters
• The Sole Member Operating Agreement
• Initial Capital Contribution

• Voluntary Withdrawal – DANGER
• What Terminates Membership … Events of Withdrawal
• Understanding Economic vs. Governance Interest (Charging Order Protection)
• Distributions vs. Profit & Losses
• Meetings – Why?

• Dissolution – the Forgotten Operating Agreement Provision
• Transfer of Membership
• Trustee of Revocable Trust as Member – Transfer on Death

Speaker & Moderator: James A. Borchers, InNovare Law, LC, St. Charles

Jim Borchers has over 30 years of experience in small business, commercial transactions, real estate and estate planning.   He received his BA in Economics from Valparaiso University, JD from Gonzaga University and LL.M in Taxation from Washington University, St. Louis. Jim teaches LLC’s for The Missouri Bar and NBI in Missouri, Kansas and for national audiences. He expects to publish a new Missouri limited liability company practice manual with forms in 2021.