Limited Liability Companies have become the entity of choice for businesses of all types and sizes: they provide the benefits of limited liability protection, operational flexibility, and pass through taxation.
When asked to help with forming and operating these ventures, do you know what to do? Help is here.
Members of the Title 15 Task Force that drafted the legislation governing LLCs, LPs, and GPs and created the model LLC forms that are being used by lawyers throughout the state reunite to walk you through the advantages and disadvantages of organizing a business as an LLC.
This course will help you:
- Acquire practical, immediately useful drafting skills
- Receive expert guidance on drafting documents that make business transactions happen
- Understand when an LLC is the best option for your client
- Recognize the tax advantages of an LLC
- Overview of LLC formation and documentation – Basic principles
- Drafting considerations:
Anticipating the death of a member in a single member LLC
Crafting redemption clauses for death, disability, retirement, dissociation
- Capital infusions
- Corporate Transparency Act (Title LXIV of PL 116-283)
- Case law developments
Effect of enacting a uniform statute
Other states where the uniform LLC Act has been adopted
Cases from other “uniform” states
Forms are not included in this course manual. To own the forms referenced in this course, visit Pennsylvania LLC Documents, 3rd Edition for purchase information and to review the summary of contents.
All attendees will receive the course book as a digital download. A printed copy of the course book is available, at a discount to attendees, for $40. Additional copies are available at full price. If you wish to purchase the printed version of the course book, please call PBI Customer Service at 800-932-4637.
Recorded in April 2021.