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'Til Death, Divorce, or Bankruptcy Do Us Part: LLC Interest Transfers & Restrictions LIVE Virtual Training

presented by NBI, Inc.

'Til Death, Divorce, or Bankruptcy Do Us Part: LLC Interest Transfers & Restrictions

Full Description

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.

Agenda

Session time: 3:00 PM - 4:30 PM Eastern
Presenter: Mark D. Kimball

  • Recap: Default Rules on Transfers and Restrictions, State-by-State Considerations
  • Drafting Transfer Provisions and Buy-Sell Agreements
    • Overall Approach & Planning Considerations
    • Transfer Restrictions and Approval Requirements
    • Rights of First Refusal/Offer
    • Drag-Along and Tag-Along Rights
    • Buy-Sell Agreements
      • Defining Triggering Events
      • Outlining the Transfer Process
      • Defining Valuation Procedures
    • Top Mistakes That Lead to Litigation
  • Executing Interest Transfers and Assembling Required Documents, Step by Step
  • Legal Effects on Assignee, Assignor & Entity
    • Voluntary Transfers
    • Involuntary Transfers
  • Tax Implications in a Nutshell

Who Should Attend

This program is designed for attorneys. Accountants and paralegals may also benefit.

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