• On-Demand Video

LLC Documents in Pennsylvania 2021

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---------- CLE 2.5 sub/0.5 eth PRICE Regular: $249.00
New Attorney: $125.00
Subscribers Pay: $0.00


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

The Agenda:

  • Overview of LLC formation and documentation – Basic principles
  • Tax considerations
  • Drafting considerations:
  •    Anticipating the death of a member in a single member LLC
       Crafting redemption clauses for death, disability, retirement, dissociation
       Defining dissociation

  • Capital infusions
  • Voluntary dissolutions
  • 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
       Pennsylvania cases
       Delaware cases 
       Cases from other “uniform” states

  • Ethics

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.

Practice Areas


Timothy A. Hoy Esq. Mette, Evans & Woodside
Lisa R. Jacobs Esq. Stradley Ronon Stevens & Young LLP (Phila)
W. Henry Snyder Esq. K & L Gates (Pgh)
Faculty may vary by location.
PBI reserves the right to substitute speakers at all programs.
©2023 Pennsylvania Bar Association. All rights reserved unless otherwise provided in a separate agreement. Unauthorized use, duplication, republication or redistribution of this material is strictly prohibited without the prior express written consent of the Pennsylvania Bar Association.