Drafting Limited Liability Company Operating Agreements

Front Cover
Wolters Kluwer Law & Business, 1998 - Business & Economics - 950 pages
In this new hands-on reference, author John Cunningham draws on his vast practical experience to help you craft LLC operating agreements and anticipate their important tax and liability consequences. Drafting LLC Operating Agreements will save you countless hours of drafting time and help you fully meet your client's needs. Cunningham gives you: Lucid plain-English explanations of LLC law and taxation and the LLC operating agreement drafting process
-- Model operating agreements -- in hard copy and on disk -- followed by section-by-section commentaries on all of the provisions, with explanations of their content and suggestions for alternate provisions for special situations
-- Comprehensive practice guides listing all principle legal and tax issues you need to know about guidance on how to draft specific provisions to suit the needs of diverse business entities. In summary, you get detailed information on each step of the LLC formation process including the extent of legal services to be provided and fee issues. For each of the concrete steps lawyers must follow in assisting in LLC formations -- as well as the knowledge and practice tools to accomplish the task the only book you need is Drafting LLC Operating Agreements.

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