This program is presented by Web Credenza, an online CLE provider, in partnership with CBA-CLE.
This topic may have been previously offered in 2021 (or earlier).
Day 1
- Drafting the most important provisions of LLC operating agreements
- Planning for different types of capital contributions – capital v. services, current contributions v. future capital calls
- Management provisions depending on whether the LLC is member-managed v. manger-managed LLCs
- Fiduciary duties of members, modifications, and the “LLC opportunity doctrine”
- Restrictions on transfers of capital and profits interests
- Relationship between tax allocation and property distribution provisions, including IRC Section 704(b) accounting
Day 2
- Drafting allocation provisions for maximum tax benefit and to secure the safe harbor
- How “payments to member” (not distributions) are treated for financial v. tax purposes
- Drafting ordinary distributions, minimum tax distributions, waterfall distributions, liquidating distributions
- Rights of first refusal, rights of first offer, buy-sell provisions – understanding the alphabet soup of exit alternatives
- Liquidations of the entity and sale of an individual member’s interests
Faculty: Paul Kaplun, Venable LLP, Washington, D.C.
CBA-CLE will email webcast access information to registrants 24-48 hours before the program. Course materials are provided in PDF format to all audio webcast participants.
Home studies will be available approximately 2-3 weeks following the live program.
If disability accommodations or special assistance are needed, please contact us at [email protected]. Requests must be made at least two weeks prior to the scheduled program.
The program will be submitted for CLE accreditation in Colorado. If you need to seek accreditation in another state, please review the process and requirements for that individual state. CBA-CLE staff can provide a Uniform Certificate of Attendance, and it is the attendee’s responsibility to complete the accreditation outside of Colorado.
