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Delaware LLC Agreements: Planning and Drafting Approaches

Evaluating and Leveraging the Contractual Flexibility Afforded by the Delaware LLC Act; New 2018 Amendments

Recording of a 90-minute CLE webinar with Q&A

This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

Conducted on Wednesday, November 14, 2018

Recorded event now available

or call 1-800-926-7926

This CLE course will provide corporate counsel with a review of the advantages and disadvantages of forming LLCs under the Delaware Limited Liability Company Act (DLLC Act) versus other statutes. The panel will explain the critical issues for counsel in planning, negotiating and drafting LLC agreements under the DLLC Act.

Description

The Delaware LLC Act is the preeminent LLC Act in the U.S. and arguably the most flexible. The body of Delaware LLC case law is extensive and evolving, and the Delaware courts lead the country in deciding business disputes. For these and other reasons, the DLLC Act is the statute of choice when forming LLCs.

However, forming an LLC under the Act is not for the unprepared. It is a lengthy and complex LLC statute, presenting many pitfalls for attorneys. Becoming familiar with the terms of the Act and the critical LLC issues not addressed by its terms is vital.

Listen as our authoritative panel of Delaware attorneys discusses the advantages of Delaware LLC formation and best practices for drafting LLC agreements under the DLLC Act.

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Outline

  1. Anatomy of an LLC agreement
  2. Choosing between the DLLC Act and other LLC Acts when forming LLCs
  3. Taking advantage of the flexibility of the DLLC Act in forming Delaware LLCs
  4. Avoiding pitfalls in forming Delaware LLCs

Benefits

The panel will review these and other key issues:

  • What main factors to consider in choosing between formation under the DLLC Act versus non-Delaware LLC Acts
  • What are the key opportunities in the mandatory, default and permissive provisions of the DLLC Act?
  • What are the pitfalls when forming Delaware LLCs?

Faculty

Park, Douglas
Douglas Park
Atty
Douglas Park Law Firm

Mr. Park has worked with large, international law firms and served as in-house legal counsel for an international...  |  Read More

Arina Shulga
Arina Shulga
Atty
Mitchell Silberberg & Knupp

Ms. Shulga focuses her practice on corporate and securities matters. She has significant experience in startup law,...  |  Read More

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