Drafting Advice and Execution Tips: Buy-Sells, Transfer Restrictions, Drag Along, Tag Along Rights, and More
Failing to plan for unwanted voluntary or involuntary interest transfers can jeopardize the overall control of an LLC and lead to disastrous consequences for clients. This course provides practical and creative drafting techniques for establishing effective membership interest transfer rules. Understand the default rules, learn how to prepare for the unexpected, and explore the effects of transfer on assignee, assignor, and entity. Register today!
Get a recap on default rules surrounding LLC interest transfers and restrictions.
Learn drafting techniques for limiting transferability and preparing buy-sell agreements.
Get guidance on executing LLC interest transfers.
Explore the legal effects of voluntary and involuntary transfers on all parties involved.
Who Should Attend
This program is designed for attorneys. Accountants and paralegals may also benefit.
Recap: Default Rules on Transfers and Restrictions, State-by-State Considerations
Drafting Transfer Provisions and Buy-Sell Agreements
Executing Interest Transfers and Assembling Required Documents, Step by Step
NBI, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.This program is designed to qualify for 1.50 hours (based on 50 minute credit hour) of continuing professional education credit for accountants. For more information regarding administrative policies such as complaint, refund and program cancellation, please contact our offices at (800) 930-6182.
This is an Intermediate level program presented in a group internet-based setting. Accountants should have a basic understanding of LLCs. No advanced preparation is required.Upon completion of this course, attendees should be able to: 1. Describe what tag along rights are. 2. Recall a key provision of a buy-sell agreement. 3. Identify a potential tax implication of an LLC interest transfer.Field(s) of Study -- Business Law.
MARK D. KIMBALL is the founding shareholder of MDK Law, a firm emphasizing corporate, commercial, and property law and consulting in matters involving federal and international taxation. Mr. Kimball is admitted to practice in Washington, New York and Texas. He is an adjunct professor of law at Eotvos Lorand and Masaryk universities in Europe, and has served as a law school guest lecturer at Seattle University School of Law. He is also engaged as an expert witness in superior court cases involving limited liability companies and governance and other member issues. Mr. Kimball earned his J.D. degree and LL.M. (taxation) degree from the University of Washington School of Law; and also holds an LL.M. degree, in transnational commercial practice, from Europe.
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