eCourse
Hot Topics in Drafting LLCs and Partnerships Agreements: Audit Rules, Indemnity Provisions, and the "Amendments" Provision
Contains material from Aug 2018
Good
tax audit portion very informative; amendments section too elementary
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Session 2: Drafting Indemnity Provisions on Small LLCs - Learn about the good, the bad and the ugly of indemnities.
Session 3: “Amendments,” the Most Important Provision in the Operating Agreement - Listen to a discussion about the drafting and use of the “Amendments” provision in operating and partnership agreements. Explore provisions providing for amendment by fewer than all the members, including questions of amendments which uniquely adversely affect particular members or partners, effects of amendments on former members and partners, and the ability of amendments to ratify past actions.
Includes: Video Audio Paper Slides
Preview Sessions
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Doug Jones
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Session 1
—26 mins
Drafting Partnership and LLC Agreements for the New Partnership Audit Rules (Aug 2018)
2018 ushers in a paradigm shift in the IRS's approach to partnership audits. Hear these new rules explained at a high level and review sample language to include in partnership and LLC agreements to account for these new rules.
Originally presented: Jul 2018 LLCs, LPs and Partnerships
Doug Jones,
McGinnis Lochridge - Austin, TX
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Jesse P. Myers, Marc S. Tabolsky
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Session 2
—48 mins
Drafting Indemnity Provisions on Small LLCs (Aug 2018)
Address the good, the bad and the ugly of indemnities.
Originally presented: Jul 2018 LLCs, LPs and Partnerships
Jesse P. Myers,
Latham & Watkins LLP - Houston, TX
Marc S. Tabolsky,
Schiffer Odom Hicks & Johnson, PLLC - Houston, TX
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Robert R. Keatinge, Ryan Giggs, Ryan Valenza
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Session 3
—46 mins
“Amendments,” the Most Important Provision in the Operating Agreement (Aug 2018)
Discuss the drafting and use of the “Amendments” provision in operating and partnership agreements. Explore provisions providing for amendment by fewer than all the members, including questions of amendments which uniquely adversely affect particular members or partners, effects of amendments on former members and partners, and the ability of amendments to ratify past actions.
Originally presented: Jul 2018 LLCs, LPs and Partnerships
Robert R. Keatinge,
Holland & Hart LLP - Denver, CO
Ryan Giggs,
Orrick, Herrington & Sutcliffe LLP - Houston, TX
Ryan Valenza,
Winstead PC - Austin, TX