Course Description
One of the
beauties of operating a business through a limited liability company is the
ability to streamline and combine the company’s governing documents into one
document known as a Limited Liability Company Agreement or Operating
Agreement.
These agreements
contain material corporate and tax
considerations that must be aligned and consistent throughout the
document. This puts a tax professional in a unique, “value-add”
position.
A Limited liability company agreement or operating agreement establishes
guidelines for an LLC in the same way that articles of incorporation govern the
operation of a corporation.
The operations
agreement is a tool kit of your knowledge of your practice and what you do on
any given day. Then as the practice grows it will become necessary to implement
several new items for all partners. The thing to realize is that every business
and its partners are different so every agreement is different too.
Maintaining an
efficient practice requires documentation,
documentation, and documentation. Therefore, there will be no right or wrong in
piecing one together.
The unique business
structure and rules of LLCs make them an invaluable instrument for your clients
- don't miss out on this opportunity to learn not only how to spot potential
pitfalls, but also how to plan and design the LLC to better meet their
needs.
The objective of the CE/CPE Tax course is to give
attendees an understanding of common, and perhaps some uncommon, pressure
points that typically arise in the context of drafting a Limited Liability Company Agreement or Operating Agreement.
Key Topics covered in this webinar:
- What is an operating agreement?
- Additional factors
- Formation of an agreement
- Structure for an agreement
- Special provisions
Learning Objectives
- To discuss the role of the limited liability company agreement or operating agreement in corporate governance matters.
- To analyze different types of distribution schemes.
- To inspect and interpret allocation provisions.
- To discuss considerations regarding equity incentive plans.
Recommended For
- The CPE course for CPAs is recommended for CMAs, CVAs, CIAs, Accountants, and Staff of Accounting Firms desiring to learn to draft a Limited Liability Company Agreement or
Operating Agreement.
- The IRS Approved CE Course is recommended for EAs, AFSPs, Tax Preparers, and Other Tax Professionals.
Who Should Attend?
- Auditors
- California Registered Tax Professional
- Certified Management Accountant (CMA)
- Certified Public Accountant (CPA)
- CPA (Industry)
- CPA - Mid Size Firm
- CPA - Small Firm
- Maryland Tax Preparers
- Oregon Tax Preparers
- Tax Attorney
- Tax Firm
- Tax Practitioners
- Tax Professionals
- Young CPA
