Audio CD + Course Book

LLCs From Start to Finish

Audio CD + Course Book

Copyright Date:

March, 2018

Product ID#:

78192CDRA

Audio + Course Book

Credit Information

Continuing education credit
is not available on this program.


  • For additional questions regarding
  • continuing education credits,
  • please contact us at 866-240-1890
  • or credit@nbi-sems.com
From Event: LLCs From Start to Finish, held March 2018.

Program Description

This guide will walk you through the entire LLC cycle with practical how-to's, practice pointers, cautionary advice and sample forms. Stay up to date with the latest LLC legislation, trends and developments; consider all factors in entity selection and formation; work through difficult operating agreement provisions and much, much more. Understand LLCs inside and out - order today!

Course Content

Day 1: Legal Update, Entity Selection, Formation, Operating Agreements and More

  1. Washington Legislative Update, Recent Trends and Developments in LLCs
  2. The Revised Uniform Limited Liability Company Act (RULLCA): What You Need to Know
  3. Single Member LLCs
  4. The Series LLC: Nuts and Bolts
  5. How to Draft the LLC Operating Agreement
  6. LLC Formation and Operation - Process, Procedures and Pitfalls

Day 2: Protecting Assets, Transferring Interests and Handling Disputes

  1. LLC or S-Corp Tax Considerations
  2. Using LLCs to Purchase Real Estate
  3. Using LLCs in Asset Protection and Estate Planning
  4. Preventing and Handling Disputes in the LLC
  5. Top LLC Mistakes to Avoid in Everyday Business Practices
  6. Legal Ethics for the LLC Attorney

Continuing Education Credit

Continuing Legal Education – CLE


* denotes specialty credits

Agenda / Content Covered

Day 1: Legal Update, Entity Selection, Formation, Operating Agreements and More

  1. Washington Legislative Update, Recent Trends and Developments in LLCs
    9:00 - 10:00, David C. Tingstad
  2. The Revised Uniform Limited Liability Company Act (RULLCA): What You Need to Know
    10:00 - 10:45, Glen G. Utzman
  3. Single Member LLCs
    11:00 - 12:00, Glen G. Utzman
    1. Tax Considerations
    2. Basics and Organization
    3. Liability/Asset Protection
    4. Drafting the Operating Agreement
    5. Top Single Member LLC Mistakes
  4. The Series LLC: Nuts and Bolts
    1:00 - 2:15, Brian H. Krikorian
    1. Tax Considerations
    2. Uses, Background, Structure
    3. The Series LLC Agreement
    4. Doing Business in Non-Series States
    5. Developments, Trends and Case Law
  5. How to Draft the LLC Operating Agreement
    2:30 - 3:30, Erin G. Howshar
    1. Formation Provisions
    2. Management and Voting Provisions
    3. Transfer Restrictions, Right of First Refusal, Impasse (Put/Call), Capital Call and Dissolution Provisions
    4. Distribution and Allocation Provisions
    5. LLC Operating Agreement Mistakes
    6. Sample Agreement Review
  6. LLC Formation and Operation - Process, Procedures and Pitfalls
    3:30 - 4:30, Glen G. Utzman
    1. Walkthrough of Formation Procedures
    2. Drafting Articles of Organization
    3. Member Managed vs. Manager Managed
    4. Rights and Duties of Members; Fiduciary Duties
    5. Management Structure
    6. Assignments of Membership Interests
    7. Funding an LLC
    8. Mistakes Made in Everyday Business Practices That Expose Personal Liability
    9. Member and Manager Liability Issues
    10. Crossing State Borders with LLCs

Day 2: Protecting Assets, Transferring Interests and Handling Disputes

  1. LLC or S-Corp Tax Considerations
    9:00 - 10:00, Lawrence S. Glosser
    1. LLC Taxed as a Disregarded Entity vs. Partnership vs. S-Corp
    2. Formation Issues
    3. Pass Through Treatment of LLCs
    4. Tax Basis, Debt and Loss Concepts
    5. Self- Employment Tax Issues
    6. Liquidation of the LLC vs. S-Corp
    7. Qualified Subchapter S Subsidiary
    8. Compensation Strategies for Owner/Employees
  2. Using LLCs to Purchase Real Estate
    10:00 - 10:45, Lawrence S. Glosser
    1. Asset Protection Rules and Laws for Real Estate Investment
    2. Insurance Considerations, Issues and Pitfalls
    3. Transferring the Title to the Real Estate to an LLC - Do's and Don'ts
    4. Tax Traps and Strategies
    5. Creative Ways to Minimize Risk
  3. Using LLCs in Asset Protection and Estate Planning
    11:00 - 12:00, Brian H. Krikorian
    1. Asset Protection and Estate Planning with LLCs
    2. Transfer of Interest
    3. Using LLCs and Trusts Together
    4. Tax Planning and Reporting
  4. Preventing and Handling Disputes in the LLC
    1:00 - 2:15, David E. Reed
  5. Top LLC Mistakes to Avoid in Everyday Business Practices
    2:30 - 3:30, Mark D. Kimball
  6. Legal Ethics for the LLC Attorney
    3:30 - 4:30, Mark D. Kimball
    1. Role of Attorney in LLC Formation
    2. Who is the Client?
    3. Avoiding Conflicts of Interest
    4. Attorneys' Fees
    5. Fraudulent Transfers

LAWRENCE S. GLOSSER is a partner with Ahlers & Cressman PLLC. He has been actively involved in the real estate industry as a broker, manager, developer, and attorney since 1978. Mr. Glosser is thoroughly familiar with all aspects of real estate transactions and financing. He brings his past entrepreneurial experience to the practice of law, enabling him to understand both the legal and business issues presented in each transaction. Mr. Glosser assists clients with understanding and evaluating legal issues associated with real estate and business transactions, enabling clients to analyze risk, and make informed business decisions. He graduated, cum laude, from Seattle University School of Law, where he was associate editor of the Law Review and served as judicial extern to Hon. William L. Dwyer at the U.S. District Court, Western District of Washington. Mr. Glosser is admitted to practice in Washington and before the U.S. District Court, Western District of Washington. He was formerly an associate at Perkins Coie, and served as assistant general counsel for Shurgard Storage Centers, Inc., at its Seattle headquarters. Prior to joining Ahlers & Cressman PLLC, Mr. Glosser was the owner and managing member of Glosser Law Offices, PLLC, located in Bellevue, Washington. He has been designated as a Super Lawyer in the area of real estate and has a Rating of 10 (Superb) by AVVO.

ERIN G. HOWSHAR is of counsel with Stokes Lawrence, P.S. Her full-service real estate practice includes transactional real estate, financing and business law both inside and outside the state of Washington. Ms. Howshar represents land owners at all stages of real estate projects from the property purchase stage through development and construction into leasing. She has successfully negotiated commercial purchase and sale agreements, development and construction agreements, joint venture agreements, property management agreements, listing agreements, and complex commercial leases. Ms. Howshar graduated, magna cum laude, from St. Louis University and earned her law degree from Washington University in St. Louis. She is a member of the Commercial Real Estate Women (Seattle and Sound), attorney mentor/coach for Mercer Island High School's Mock Trial team and member of the Seattle Yacht Club. She is admitted to practice in both Washington and Wyoming.

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. Mr. Kimball has presented at conferences and continuing education events of the Escrow Association of Washington, the Washington State Bar Association and at legal and political science academic conferences in the United States, Latin America and Europe. He earned his J.D. degree and LL.M. (taxation) degree from the University of Washington, and also holds an LL.M. degree, in transnational commercial practice, from Europe.

BRIAN H. KRIKORIAN is a sole practitioner in Lynnwood, Washington, where he practices in state and federal trial and appellate courts, and has had a consistent record of success in all aspects of litigation from pre-complaint settlement negotiations, to post-trial appellate work. Mr. Krikorian has significant trial experience in his areas of practice, including solo jury trials and large commercial arbitration matters. He is a frequent lecturer on numerous areas of the law, including insurance bad faith, legal ethics, legal malpractice, and state and federal civil practice. Mr. Krikorian was a part time instructor at Edmonds Community College in the paralegal certification program. He is a member of the State Bar of California and the Washington State Bar Association; and is admitted to practice in all federal district courts in California, the Western District of Washington, and the 9th Circuit Court of Appeals. Mr. Krikorian earned his B.A. degree at the University of California at Los Angeles and his J.D. degree at Southwestern University School of Law, where he received the American Jurisprudence Award - criminal law, and was on the National Dean's List. He was an extern law clerk to Justice Leon Thompson, California Court of Appeal.

DAVID E. REED is an attorney and member of Reed Pruett Walters, PLLC, in Bellevue, Washington. Mr. Reed has practiced law for more than 35 years in the areas of business organization, limited liability company law, shareholder and LLC member disputes, corporate law, commercial law, buying and selling businesses, closely-held business law, insurance law, and partnership law. Notable projects include forming a medical malpractice insurance company (risk retention group), being a director on the Board of Governmental and Private Entities, serving as in-house counsel, and frequently litigating LLC, shareholder, and other business partner disputes. He is also a frequent speaker at seminars for lawyers and other professionals on subjects related to business organization, choice of business entity, business partner disputes, and other business matters. Mr. Reed earned his B.A. degree from Western Washington University and his J.D. degree from Gonzaga University School of Law. He is a member of the Washington State Bar Association and its Corporate Counsel and Business Law sections, the American Bar Association and its Business Law Section, and he is licensed to practice law in state and federal courts.

DAVID C. TINGSTAD is an attorney with Beresford & Booth, PLLC, where he has extensive experience in the areas of business and real estate transactions, limited liability companies, corporations and real estate. Mr. Tingstad regularly counsels clients in all aspects of business combinations such as asset acquisitions, mergers and joint ventures. In addition, his practice includes assisting operating businesses with succession planning, financing, dissolution and disputes between owners. He is a member of the American Bar Association and the Washington State Bar Association’s Partnership Law Committee, which is currently working to revise Washington’s Limited Liability Company Statute. Mr. Tingstad also a member of the American Bar Association’s Committee on LLCs, Partnerships and Unincorporated Entities. Mr. Tingstad earned his B.S. degree, magna cum laude, from Boise State University; and his J.D. degree, cum laude, from Seattle University School of Law.

GLEN G. UTZMAN, attorney at law, is an associate professor of accounting at the University of Idaho, teaching the tax and business law courses in the College of Business, and has taught in the College of Law at the University of Idaho. He also has a law practice, practicing in the areas of taxation, estate planning, probate, corporate and partnership law. Mr. Utzman has spoken to numerous tax and estate planning groups on limited liability companies and various related issues. He is a licensed CPA, a member of the Idaho State Bar, and admitted to practice before the U.S. Tax Court. Mr. Utzman earned his B.A. degree, with honors, from Washington State University; his J.D. degree from the University of Idaho; and his LL.M. degree from New York University. He continued his education through programs at both Southern Methodist University School of Law and Harvard Law School.

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

Accreditation Details:

Continuing Legal Education

WA CLE:
This content has been approved for Washington Continuing Legal Education credit. Credit hours will be awarded based on the actual run time.


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