Launching an LLC in 2025: Legal Trends, Conflict Mitigation, and Estate Planning Applications

Noel D. Humphreys
Noel D. Humphreys | Connell Foley LLP

A transactional lawyer working closely with business clients, Noel Humphreys actively participates in the ins and outs of business organizations. He focuses his practice on business transactions, lending transactions, organizational governance and intellectual property.

On-Demand: May 23, 2025

2 hour CLE

Tuition: $195.00
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Program Summary

This CLE program offers critical insights and practical guidance for attorneys advising clients on LLC governance and asset protection strategies. Participants will explore recent legislative developments impacting LLC structures, particularly amendments in Delaware law and California's Revised Uniform Limited Liability Company Act (RULLCA). The session will highlight essential best practices for drafting effective operating agreements tailored to manage and resolve disputes, including those common in family-owned LLCs. Attendees will also learn about strategic approaches to asset protection through methods to preserve LLC liability shields and defend against charging orders. Additionally, the webinar covers considerations for using LLCs in estate planning contexts, emphasizing legitimate non-tax business purposes. Finally, participants will gain awareness of recent legislative developments concerning arbitration agreements and confidentiality provisions, particularly in employment scenarios, ensuring they are well-equipped to navigate this evolving area of law effectively.

Key topics to be discussed:

  • Recent legislative changes: Amendments to Delaware's General Corporation Law and the Delaware Limited Liability Company Act
  • California LLC governance: Understanding California's Revised Uniform Limited Liability Company Act (RULLCA) and officer appointment ambiguities
  • Drafting operating agreements: Best practices for effectively managing disputes and governance issues, particularly within family-owned LLCs
  • Asset protection with LLCs: Charging orders, sole remedies, and strategies for maintaining the integrity of LLC asset protections
  • Estate planning and LLCs: Practical guidance on structuring LLCs for estate planning purposes, emphasizing non-tax-driven business purposes
  • Legal consequences of arbitration and confidentiality legislation: Navigating recent legislative impacts on arbitration agreements and confidentiality provisions, particularly in employment related disputes

Closed-captioning available

Speakers

Noel D. Humphreys | Connell Foley LLP

A transactional lawyer working closely with business clients, Noel Humphreys actively participates in the ins and outs of business organizations. He focuses his practice on business transactions, lending transactions, organizational governance and intellectual property. Noel has participated in hundreds of business combinations ─ mergers, asset acquisitions, joint ventures, strategic alliances, sourcing relationships and stock purchases ─ as well as settlements of disputes within family-owned businesses.

Operating agreements for limited liability companies and partnership agreements are also an important aspect of Noel’s practice, as entities often face movement among their members or partners. With businesses expanding globally, Noel also helps structure U.S.-based subsidiaries and joint ventures with European, Chinese and South American parents and partners.

In addition, Noel represents employers and employees in employment contracts and consulting and services arrangements. He has also represented lenders and borrowers of all sizes in loan transactions and recently represented a leading U.S. bank in lending transactions with middle market companies.

In the area of intellectual property, Noel has played a leading role in more than 75 transactions in rights in intangible property, such as software, databases, trademarks, copyrights and contract rights. He has a particular interest in privacy issues and protection of data and in licensing data, software, trademarks and trade secrets. He represents licensors and licensees of intellectual property rights and data. Many such transactions (such as joint ventures, strategic alliances or stock/asset purchases) involve leveraging the value of patents, trademarks, copyrights and trade secrets.

Agenda

I. Recent legislative changes | 1:00pm – 1:20pm

II. California LLC governance | 1:20pm – 1:40pm

III. Drafting operating agreements |1:40pm – 2:00pm

Break | 2:00pm – 2:10pm

IV. Asset protection with LLCs | 2:10pm – 2:30pm

V. Estate planning and LLCs | 2:30pm – 2:50pm

VI. Legal consequences of arbitration and confidentiality legislation | 2:50pm – 3:10pm

Credits

Alaska

Approved for CLE Credits
2 General

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

Approved for Self-Study Credits
2 General

Arkansas

Approved for CLE Credits
2 General

Arizona

Approved for CLE Credits
2 General

California

Approved for CLE Credits
2 General

Colorado

Pending CLE Approval
2 General

Connecticut

Approved for CLE Credits
2 General

District of Columbia

No MCLE Required
2 CLE Hour(s)

Delaware

Pending CLE Approval
2 General

Florida

Approved via Attorney Submission
2.5 General Hours

Receive CLE credit in Florida via attorney submission.
Georgia

Approved for CLE Credits
2 General

Hawaii

Approved for CLE Credits
2.4 General

Iowa

Pending CLE Approval
2 General

Idaho

Pending CLE Approval
2 General

Illinois

Pending CLE Approval
2 General

Indiana

Pending CLE Approval
2 General

Kansas

Pending CLE Approval
2 Substantive

Kentucky

Pending CLE Approval
2 General

Louisiana

Pending CLE Approval
2 General

Massachusetts

No MCLE Required
2 CLE Hour(s)

Maryland

No MCLE Required
2 CLE Hour(s)

Maine

Pending CLE Approval
2 General

Michigan

No MCLE Required
2 CLE Hour(s)

Minnesota

Approved for Self-Study Credits
2 General

Missouri

Approved for Self-Study 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

Pending CLE Approval
2 General

New York

Approved for CLE Credits
2.4 General

Our programs are CLE-eligible through New York’s Approved Jurisdiction Group “B”.
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 CLE Hour(s)

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 via Attorney Submission
2 Law & Legal Hours

Receive CLE credit in Washington via attorney submission.
Wisconsin

Approved for Self-Study Credits
2 General

West Virginia

Pending CLE Approval
2.4 General

Wyoming

Pending CLE Approval
2 General

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