Just like any other business, LLCs don't always run as originally planned. Do you have knowledge of how to handle situations like converting an LLC to a corporation? How about transferring interests from one member to another or dissolving an LLC? Issues like this will come up at some point and you need to be prepared. Don't miss this chance to gain valuable knowledge. Order today!

1. Withdrawal or Transferring Membership
   1. Reviewing the Operating Agreement and Buy-Sell Agreement
   2. Drafting the Agreement
   3. Securities Law Issues
   4. Notifying Members
2. Termination of the LLC
   1. Filing a Certificate of Dissolution or Cancellation
   2. Outstanding Taxes and Fees
   3. Annual Report
   4. Notifying LLC Creditors
   5. Distributing Assets to LLC Members
   6. IRS Paperwork
   7. Internal Complications and How to Resolve Them

Continuing Education Credits:   

Continuing Legal Education

Credit Hrs    State    Credit Approval Expiration

* denotes specialty credits

Session Time: 2:00 PM - 3:30 PM Eastern
Presenter: Melissa K. Warner

1. Withdrawal or Transferring Membership
   1. Reviewing the Operating Agreement and Buy-Sell Agreement
      1. Withdrawal Situations
         1. Dissociation
         2. Voluntary Withdrawal
         3. Cause
         4. Good Reason
         5. Retirement
         6. Disability
         7. Divorce
      2. Transfer Situations
         1. Restrictions
         2. Determining Which Interests to Transfer
         3. Negotiating the Price of the Ownership Interest
         4. Life Insurance
         5. Non-Competes
         6. Compensation Issues (IRC §409A)
   2. Drafting the Agreement
   3. Securities Law Issues
   4. Notifying Members
2. Termination of the LLC
   1. Filing a Certificate of Dissolution or Cancellation
   2. Outstanding Taxes and Fees
   3. Annual Report
   4. Notifying LLC Creditors
   5. Distributing Assets to LLC Members
   6. IRS Paperwork
   7. Internal Complications and How to Resolve Them

MELISSA K. WARNER is a partner with Axley Brynelson, LLP. As a member of the firm's business practice group, she concentrates on issues relating to tax law and estate planning and administration. Ms. Warner also handles a variety of general business issues, such as business assets sales and purchases, and business start up matters. She advises on tax implications of proposed business transactions, as well as personal tax planning. Ms. Warner prepares estate plans for individuals, including wills, trusts, powers of attorney and pre-nuptial and post-nuptial agreements. She Organizes and obtains tax-exempt status for non-profit corporations. Ms. Warner is a member of the State Bar of Wisconsin. She was named a 2010 Rising Star in Business/Corporate Law by Wisconsin Super Lawyers. Ms. Warner earned her B.A. degree from Cornell College, her Masters of Law from the University of Denver and her J.D. degree from the University of Wisconsin-Madison.

Please refer to Continuing Education Credit FAQ for general information about seeking credit for your participation in one of our continuing education programs.

Additionally, our team of credit specialists are here to answer your specific credit-related questions weekdays 7am - 5pm Central:

Phone: 866-240-1890

Email: credit@nbi-sems.com