LLC Opinion Letters: Minimizing Preparer Liability Risks
Using the Supplemental TriBar LLC Opinion Report to Guide Opinion Practice
Recording of a 90-minute CLE webinar with Q&A
This CLE course will provide strategies for drafting LLC opinion letters, using the TriBar LLC Opinion Supplemental Report as a guide. The panel will discuss the potential liabilities involved in rendering opinion letters and best practices for counsel to reduce risk in providing opinion letters.
Outline
- Preparing LLC opinion letters
- Issuance of LLC interests
- Admission of purchasers of LLC interests as members of the LLC
- Obligations of purchasers of LLC interests to make payments and contributions to the LLC
- Personal liability of purchasers of LLC interests to third parties
- Potential risks of liability and protections for opinion preparer
- Duties of the opinion giver
- Misrepresentations/mistakes
- Cost/benefits analysis
- Consequences
Benefits
The panel will review these and other vital questions:
- How will the Supplemental TriBar LLC Opinion Report impact opinion letter practice?
- What types of LLC deals generally require an opinion letter?
- What are the critical due diligence steps for counsel preparing LLC opinion letters to minimize risks and liabilities?
Faculty
![Barron, Robert](/img/t/c4e59f775f99646d4c4533b5a88afb2b.jpg)
Robert W. Barron
Partner
Berger Singerman
Mr. Barron has significant experience with real estate asset and financing transactions, corporate acquisition and... | Read More
Mr. Barron has significant experience with real estate asset and financing transactions, corporate acquisition and disposition transactions, and business and debt restructurings.
Close![Gorby, Michael](/img/t/6e6289da3daa1104ce17124c4fbc1c20.jpg)
Michael J. Gorby
Founder/Partner
Gorby Peters & Associates
Mr. Gorby has tried hundreds of cases and handled thousands of matters for corporations and individuals across the... | Read More
Mr. Gorby has tried hundreds of cases and handled thousands of matters for corporations and individuals across the United States throughout his three- decade legal career. His practice focuses on Insurance Coverage Disputes, Commercial Litigation and Liability for Owners and Managers of Property. Mr. Gorby is also a certified mediator.
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