Video

  • 8 minutes

Counseling Members of Existing Single-Member LLCs

 

Gain an understanding of whether you should keep a single-member LLC.

Should I Keep My Single-Member LLC? The answer to this common question comes with a few other questions for the member of the single-member LLC. Why did you organize a single-member LLC? What are the current benefits it is giving your business? What are the current costs? Are the benefits more valuable to you than the money you’re paying to cover the costs? If the answers to the above questions indicate that the costs outweigh the benefits, or there really wasn’t ever a persuasive reason for forming the LLC, the member should decide between dissolution and conversion. This video reviews keeping and converting single-member LLCs.

Runtime: 7 minutes

Agenda

Faculty

Noel R. Bagwell, III, Esq.

Noel R. Bagwell, III, Esq.

ExecutiveLP®

  • Founder of Executive Legal Professionals, PLLC (ExecutiveLP®)
  • Decades of experience in offering comprehensive risk mitigation, setback recovery coaching, and consulting services that guide businesses and executives from adversity to success
  • Founder of Counsel & Clarity Legal PLLC, a legal practice focusing on preventive law, which helps businesses avoid legal issues and maintain profitable relationships with their lawyers
  • Developed a unique approach by integrating various disciplines, including philosophy, theology, psychology, and leadership coaching, to provide holistic support to clients whose problems often run deeper than legal matters
  • Specializes in anticipating and mitigating legal risks through a preventive law approach, ensuring the success and peace of mind of organizations
  • Offers leadership resilience coaching to help organizations rebound from setbacks with confidence, turning reversals into growth opportunities
  • Over a decade of experience as a trusted advisor to start-ups, growth-stage companies, executives, and investors, forming the foundation of a robust support cycle that enhances high-performance leadership, legal support, and legal operations teams
  • Offers solutions that complement, rather than replace, existing legal counsel, tailored to each client’s unique needs, to transform legal support relationships into profitable assets

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