On Demand Audio

Preparing for Ownership and Management Transitions in California Partnerships and LLCs

Produced on January 15, 2021

Taught by
$ 89 Contract and Business, Corporate, & Securities In Stock
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Course Information

Time 1h
Difficulty Intermediate
Topics covered in this course: Contract Business, Corporate, & Securities

Course Description

Throughout the life of a partnership or limited liability company, there will likely be one or more transitions in ownership and management as a result of death, retirement, or disputes. In this program, experienced practitioner Rachelle Cohen will introduce the California laws that govern ownership and management transitions. She will review common contractual provisions that partners or members should consider at the outset when LLCs or partnerships are formed to deal with transition and will use examples to illustrate how those statutes and contractual provisions apply in different transitions.

This program will benefit lawyers who form and advise partnerships, limited liability companies, or owners or managers of them.

Learning Objectives:

  1. Evaluate the statutes that apply to ownership and management transitions in partnerships and LLCs

  2. Prepare to assist clients with considering contractual provisions to meet their expectations for transitions

  3. Evaluate specific facts to get a better understanding of the application of the statutes

  4. Determine how the statutes work in conjunction with contractual provisions

Credit Information

After completing this course, Lawline will report your attendance information to {{ accredMasterState.state.name }}. Please ensure your license number is filled out in your profile to ensure timely reporting. For more information, see our {{ accredMasterState.state.name }} CLE Requirements page . After completing this course, {{ accredMasterState.state.name }} attorneys self-report their attendance and CLE compliance. For more information on how to report your CLE courses, see our {{ accredMasterState.state.name }} CLE Requirements FAQ .


Rachelle Cohen

Kehr, Schiff & Crane LLP

Rachelle Cohen is an attorney with Kehr, Schiff & Crane LLP in Los Angeles. Her practice focuses on assisting clients with their business transactions, including forming entities, acquiring and selling business units or entities, obtaining funding, and negotiating contracts and buy-outs. Rachelle served on and was the Chair of the California State Bar's Partnerships and Limited Liability Companies Committee. Currently, she serves on the Executive Committee of the California State Bar’s Business Law Section. 

Rachelle speaks frequently and has written about limited liability company and partnership issues, including the current limited liability company law in California. In addition, she has served as a lecturer at the USC Gould School of Law. She attended the UCLA School of Law and received a B.S. in Marketing and Management from Cornell University.