Do you know when a single member LLC is the right choice for your clients? Are you well versed in the process and structuring these unique entities? In this comprehensive program, learn how you can navigate common SMLLC traps, draft solid operating agreements, and avoid operational issues - register today!
Learn when, why, and how to form single member LLCs.
Review recent case law developments and explore favorable forums.
Understand how strong the SMLLC liability shield is, and what clients should be doing to preserve it.
Get best practices for drafting strong operating agreements.
Learn the basics of SMLLC taxation.
This is a rebroadcast of the original webcast delivered by Bradford E. Block, James A. Borchers, and Imants F. Holmquist on December 6, 2021. Faculty will be available to answer your questions after the program.
Who Should Attend
This program is designed for attorneys. Accountants and paralegals may also benefit.
Is a Single Member LLC Right for the Client?
Asset Protection and Single Member LLCs
State of the States: Case Law Developments and Forum Shopping
Understanding How SMLLCs (and Their Owners) are Taxed
Forming Single Member LLCs: Structure and Operating Agreements
Regulatory Ethics: 1.00Business Law: 6.00
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 7.0 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 single member LLCs. No advanced preparation is required.Upon completion of this course, attendees should be able to:1. Identify the benefits and costs of forming a single member LLC.2. Explain how single member LLCs and their owners are taxed.3. List at least one LLC ethical trap.Field(s) of Study -- Business Law; Regulatory Ethics.
Bradford E Block is the principal of the Law Offices of Bradford E. Block in Northbrook, Illinois. He has been an attorney for more than 35 years and practices in the areas of business formation, mergers and acquisitions, not-for-profit organizations, private foundations, equity financing, tax law, and the preparation and negotiation of corporate and technology contracts. Mr. Block has lectured to various professional groups on matters related to limited liability companies, partnerships, business transactions, S-corporations, and tax exempt organizations. He is a former adjunct professor of business planning and partnership law at DePaul University. Mr. Block is also a commercial mediator and a member of the Association of Attorney Mediators. He earned his B.S. degree from the Wharton School of Finance and Commerce at the University of Pennsylvania and his J.D. degree from DePaul University College of Law.
James A Borchers is the founder of InNovare Law LC, where his practice focuses on small business, commercial transactions, real estate, franchising and estate planning. Mr. Borchers has taught limited liability company issues and drafting for The Missouri Bar and Natinal Business Institute. He also teaches classes at the St. Charles Community College on starting your own business, and serves as a mentor for various entrepreneur communities in the St. Louis area. He is dedicated to helping attorneys recognize that LLCs are not corporations in LLC clothing. Mr. Borchers is active in various American Bar Association and The Missouri Bar committees relating to small business and estate planning. He earned his B.A. degree from Valparaiso University, his J.D. degree from Gonzaga University and his LL.M. degree in taxation from Washington University St. Louis.
Imants F Holmquist is an attorney with the law firm of Holmquist + Gardiner, PLLC, where he practices in the areas of commercial transactions and general business law. Mr. Holmquist regularly represents clients in real estate matters ranging from development to commercial and residential purchase and sale agreements. He earned his B.S. degree in International Studies from the University of Washington and his J.D. degree from Seattle University School of Law. Mr. Holmquist is a member of the Washington State Bar Association.
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