Common Mistakes in Handling LLC Member Interests (2024 Edition)

Elizabeth Fernandez
Elizabeth Fernandez | Gonzalez, Shenkman & Buckstein, P.L.

Elizabeth Fernandez is an Associate Attorney at Gonzalez, Shenkman & Buckstein, P.L., whose practice ranges from business and corporate law to estate planning and administration.

On-Demand: June 14, 2024

2 hour CLE

Tuition: $195.00
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Program Summary

Limited liability companies (LLCs) have become the preferred corporate structure for many businesses over the years due to their versatility, limited liability protection and less stringent corporate requirements. Because of its proliferation, LLCs can also be misused or mishandled, resulting in unintended consequences for its members. This course will address common errors seen often when dealing with LLC member interests, its consequences, and how to avoid them.

Key topics to be discussed:

  • Importance of documenting ownership, transfers and assignments of LLC membership interest
  • Disadvantages to having minor children as members of LLC
  • Failing to plan for key events, like death, divorce, disability and debt
  • Distinguishing economic owners and members of LLC

Closed-captioning available

Speakers

Elizabeth-Fernandez_Gonzalez,-Shenkman-&-Buckstein,-P.L_myLawCLEElizabeth Fernandez | Gonzalez, Shenkman & Buckstein, P.L.

Elizabeth Fernandez is an Associate Attorney at Gonzalez, Shenkman & Buckstein, P.L., whose practice ranges from business and corporate law to estate planning and administration. She received her B.A. in Political Science from Florida International University, and is a Lifetime Member of the FIU Alumni Association. Elizabeth earned her Juris Doctor with honors from St. Thomas University School of Law. While at St. Thomas, she was the President of the St. Thomas University Chapter of the Cuban American Bar Association and briefly served as Executive Vice President of the St. Thomas University Trial Team. Elizabeth received the CALI Book Award for Administrative Law and earned Dean’s List distinctions several times. Prior to joining GSB Law, Elizabeth was the Chair of the Trusts & Estates Practice of a business and commercial law firm in Miami, Florida.

Elizabeth is fluent in Spanish and is admitted to practice law in the State of Florida. She is also admitted to practice before the U.S. District Courts for the Southern District of Florida and the U.S. Tax Court.

Agenda

I. Importance of documenting ownership, transfers and assignments of LLC membership interest | 11:00am – 11:30am

II. Disadvantages to having minor children as members of LLC | 11:30am – 12:00pm

Break | 12:00pm – 12:10pm

III. Failing to plan for key events, like death, divorce, disability and debt | 12:10pm – 12:40pm

IV. Distinguishing economic owners and members of LLC | 12:40pm – 1:10pm

Credits

Alaska

Approved for CLE Credits
2 General

Our programs are CLE-eligible through Alaska's recognition of multi-jurisdictional reciprocity.
Alabama

Pending CLE Approval
2 General

Arkansas

Approved for CLE Credits
2 General

Our programs are CLE-eligible through Arkansas's recognition of multi-jurisdictional reciprocity.
Arizona

Approved for CLE Credits
2 General

California

Approved for CLE Credits
2 General

Colorado

Approved for Self-Study Credits
2 General

Connecticut

Approved for CLE Credits
2 General

District of Columbia

No MCLE Required
2 General Hours

Delaware

Pending CLE Approval
2 General

Florida

Approved for CLE Credits
2 General

Georgia

Approved for CLE Credits
2 General

Hawaii

Approved for CLE Credits
2 General

Iowa

Pending CLE Approval
2 General

Idaho

Pending CLE Approval
2 General

Illinois

Approved for Self-Study Credits
2 General

Indiana

Approved for Self-Study Credits
2 General

Kansas

Approved for Self-Study Credits
2 General

Kentucky

Pending CLE Approval
2 General

Louisiana

Pending CLE Approval
2 General

Massachusetts

No MCLE Required
2 General Hours

Maryland

No MCLE Required
2 General Hours

Maine

Pending CLE Approval
2 General

Michigan

No MCLE Required
2 General Hours

Minnesota

Approved for Self-Study Credits
2 General

Missouri

Approved for CLE Credits
2.4 General

Mississippi

Pending CLE Approval
2 General

Montana

Pending CLE Approval
2 General

North Carolina

Pending CLE Approval
2 General

North Dakota

Approved for CLE Credits
2 General

Our programs are CLE-eligible through North Dakota’s recognition of multi-jurisdictional reciprocity. Section 1, Policy 1.14
Nebraska

Pending CLE Approval
2 General

myLawCLE reports attendance to Nebraska on each attorney's behalf for all programs. Please do not self-report.
New Hampshire

Approved for CLE Credits
120 General minutes

As of July 1, 2014, the NHMCLE Board no longer provides pre- or post-approval of courses. Attendees must self-determine whether a program is eligible for credit, and self-report their attendance online at www.nhbar.org, based on qualification provisions of Rule 53.
New Jersey

Approved for CLE Credits
2.4 General

Our programs are CLE-eligible through New Jersey's recognition of multi-jurisdictional reciprocity, except for the courses required under BCLE Reg. 201:2
New Mexico

Approved for Self-Study Credits
2 General

Nevada

Approved for Self-Study Credits
2 General

New York

Approved for CLE Credits
2.4 General

Our programs are CLE-eligible through New York’s Approved Jurisdiction Group “A”.
Ohio

Approved for Self-Study Credits
2 General

Oklahoma

Pending CLE Approval
2.5 General

Oregon

Pending CLE Approval
2 General

Pennsylvania

Approved for Self-Study Credits
2 General

Rhode Island

Pending CLE Approval
2.5 General

South Carolina

Pending CLE Approval
2 General

South Dakota

No MCLE Required
2 General Hours

Tennessee

Approved for Self-Study Credits
2 General

Texas

Approved for CLE Credits
2 General

Utah

Pending CLE Approval
2 General

Virginia

Not Eligible
2 General Hours

Vermont

Approved for CLE Credits
2 General

Washington

Approved for Self-Study Credits
2 Law and Legal

Wisconsin

Approved for Self-Study Credits
2 General

West Virginia

Pending CLE Approval
2 General

Wyoming

Pending CLE Approval
2 General

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