Publisher's Synopsis
<p> Aspen Publishers’ new <i><b>Third Edition</b></i> of <i><b>Drafting Limited Liability Company Operating Agreements</b></i> provides crystal-clear analysis and hands-on guidance from John M. Cunningham, one of the acknowledged leaders in the field. You’ll find virtually everything you need to negotiate, draft, and fine-tune <b>LLC operating agreements</b> for all basic types of <b>LLCs</b>—member-managed, manager-managed, single-member, and multi-member—in any U.S. jurisdiction! </p> <p> <i><b>Drafting Limited Liability Company Operating Agreements, Third Edition</b></i> identifies the 10 main stages of the <b>LLC</b> formation process and gives you detailed, practice-oriented comments on each. In addition, you’ll find valuable “red flags” spotlighting common pitfalls and risks; the text of key federal tax materials, including the “Check-the-Box Regulations” and the IRS’s guidelines on the application of the Self-Employment Tax to <b>LLC</b> members; and the current text of the <i><b>Delaware Limited Liability Company Act</b> </i>. </p> <p> <i><b>Drafting Limited Liability Company Operating Agreements, Third Edition</b></i> ensures that you’re prepared to handle all legal and tax aspects of the<b> LLC</b> formation process including fiduciary issues and other critical business organization law issues facing the managers of multi-member <b>LLCs</b> ; multi-member <b>LLC</b> partnership tax issues; the unique legal and tax issues confronting owners of single-member <b>LLCs</b>; hidden issues in drafting articles of organization; and the complex issues of legal ethics when representing two or more clients in forming multi-member <b>LLCs. </b> </p> <p> To assist in your analysis, you’ll find a comprehensive survey of the rapidly expanding body of federal and state <b>LLC</b> case law— complete with clear summaries of the cases and indexes by both state and subject matter. Newly updated and expanded, <i><b>Drafting Limited Liability Company Operating Agreements, Third Edition</b></i> now offers a timely overview of the more than 1,100 significant <b>LLC</b> cases reported to date, and spotlights those specific cases with which every <b>LLC</b> practitioner should have detailed familiarity. </p> <p> <i><b>Drafting Limited Liability Company Operating Agreements, Third Edition</b></i> contains comprehensive, authoritative forms for all basic agreements and contract clauses likely to arise in <b>LLC</b> formations. These forms are designed for use in all 50 states and are accompanied by line-by-line instructions telling you exactly how and when to use them. </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p>
