LLC Operating Agreements

Date: Monday, April 25, 2016

Time: 9:00 AM - 4:30 PM

Location: Wyndham Philadelphia Historic District (400 Arch Street, Philadelphia, PA 19106)

Host: The National Business Institute

Registration: Online Here

Join Joel S. Luber, Esq., Chair of Reger Rizzo & Darnall’s Estates & Trusts Group, for a full-day seminar covering the core of every successful business: a solid operating agreement. This program, presented in conjunction with the National Business Institute will emphasize the importance of a well-crafted agreement, which can lead a company to smooth flowing operations, instead of a poorly drafted agreement that could potentially lead to disputes, unforeseen tax liabilities and business turmoil. Mr. Luber, along with his co-presenters, will discusses important considerations for drafting an operating agreement. 

Specific topics to be addressed, include:  how to draft a clear, concise and effective operating agreement; potential options for allocating income and losses; a discussion on what provisions cover withdrawal, issuance and transfer of membership interests; a step-by-step walkthrough of details to consider when drafting an LLC agreement; an overview of formation provisions; practical implications of majority, super-majority, and unanimity voting; various options for tax entity selection; and a discussion on transfer restrictions, right of first refusal, impasse (put/call), capital call and dissolution provisions. 

This basic-to-intermediate level course is designed for attorneys, and may also be beneficial to accountants and paralegals. The course has been approved for the following Continuing Legal Education credits: NJ CLE – 7.20; PA CLA 6.00; National Association of State Boards of Accountancy, CPE for Accountants - 7.00.