LLC State Law: Comparative Analysis and Draft-Arounds

    LLC State Law: Comparative Analysis and Draft-Arounds
    CLE 90 min

    LLC State Law: Comparative Analysis and Draft-Arounds

    • The download and on-demand online course for this title will be available for ABA Value Pass subscribers.
    • CD-ROM available to order 3 weeks before the program. Online courses and downloads will be available about a week after the program.
    • Recording date: December 3, 2014
    • Product Code: CE1412LLCUMB
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    Drafting robust operating agreements that take into account the unique nature of each particular state LLC statute is a critical skill for any business lawyer advising limited liability companies. Variations among state LLC Acts may result in unintended consequences when applied to customary operating agreement provisions drafted under a different state's law.

    Learn how to draft robust operating agreements that take into consideration state LLC Acts as our esteemed panel:

    • Analyzes differences in key LLC Act provisions among various states, with emphasis on Delaware, California, Texas, and other popular LLC Acts

    • Reviews provisions governing formation, management, modification of fiduciary duties, disassociation and dissolution, indemnification, and amendment of operating agreements

    • Discusses the distinction between "mandatory"/non-modifiable and "default"/modifiable statutory provisions

    • Presents practical examples and strategies for avoiding pitfalls when drafting operating agreements for use in different states

    Product Details


    Daria K Boxer, Elisa J E Maas, George W Coleman, Lauris G L Rall, Thomas Rutledge


    ABACLE, Business Law Section, Section of State and Local Government Law

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    Publication Date

    12/3/2014 12:00:00 AM

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