Representing the Limited Liability Company (LLC) Client in New York (Update)

Limited liability companies (LLCs) have become one of the most popular entities for small business startups, but they often pose challenges for legal generalists, particularly in New York State.

Originally designed for small "Mom and Pop" enterprises, the LLC has been an increasingly popular choice for fast-growing technology, software, and media startups that historically have preferred to organize as corporations.  Ensuring that entrepreneurs and investors get the full tax and other benefits of LLCs can challenge even the most experienced business lawyer.  

While offering a general overview of New York's Limited Liability Company Law, this course, presented by Cliff Ennico, is designed to take practitioners "beyond the basics" and discuss some of the more challenging issues involved in representing LLCs in the Empire State, particularly LLCs that are engaged in technology-oriented businesses that could attract venture capital and other sophisticated investors.

Learning Objectives:

1. Break down the challenges of forming an LLC in New York, particularly New York's controversial publication requirement 
2. Prepare and filing the LLC "Beneficial Ownership Information Report" with the federal Financial Crimes Enforcement Network (FinCEN) under the federal Corporate Transparency Act
3. Analyze the right way to draft LLC operating agreements for technology and media startup companies that choose the LLC format
4. Evaluate how to resolve disputes between LLC members and determine the value of a member's interest in the LLC upon his death, disability, withdrawal, or departure from the business
5. Identify ethical challenges in representing the LLC client