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Limited Liability Companies: Common Traps to Avoid


Find out how to ensure your LLC meets the requirements necessary to avoid common pitfalls.

Many persons responsible for the selection, formation, management, governance, and taxability of LLCs are not fully familiar with the most common LLC traps to avoid and how to plan to avoid them. This topic identifies common LLC traps to avoid, such as handling charging orders and formation traps. This material will also discuss LLC veil piercing mistakes, the problem with single member LLCs, certain partnership taxation issues, and specific LLC operating agreement provisions regarding members, managers, management deadlock, member disputes, sale and transferability of membership interests, securities compliance, voting, and the authority of members and managers.



Gretta C. Spendlove

Gretta C. Spendlove

Dentons Durham Jones Pinegar P.C.

  • Shareholder with Dentons Durham Jones Pinegar P.C.
  • Practice emphasizes commercial real estate, corporate law, business transactions, and trademarks
  • Conducts regular seminars and workshops in fields of real estate contracts, land use and title law, easements and boundary disputes, commercial financing and leasing, and use of LLCs for real estate development
  • J.D. degree, University of Arizona
  • Can be contacted at 801-415-3000 or [email protected]

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