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LLC Agreements for Real Estate LLCs

 

Receive an overview of LLC agreements.

Under the Delaware Act, an LLC agreement is, in effect, a partnership agreement that defines the rights and duties of the members and managers of a multi-member LLC who are parties to the agreement.  The term for this kind of agreement under most other LLC acts is operating agreement. Sound LLC agreements should adequately address four main purposes and this white paper discusses those purposes.

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LLC Agreements for Real Estate LLCs

Agenda

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LLC Agreements for Real Estate LLCs

Faculty

John M. Cunningham

John M. Cunningham

McLane Middleton, P.A.

  • Former trial attorney with the Tax Division of the United States Department of Justice and a former member of the International Trade and Tax Department of Baker McKenzie LLP
  • Author of Maximizing Pass-Through Deductions Under Internal Revenue Code Section 199A, published by Wolters Kluwer, an international legal and tax information service
  • Practice is focused on LLC formations and other transactions involving LLC law and tax and on advising clients on how to structure their businesses to maximize their section 199A pass-through deductions, section 199A services have saved his clients tens of thousands of dollars in federal income taxes
  • Author of Drafting Limited Liability Company Operating Agreements, also published by Wolters Kluwer, leading U.S. LLC formbook and practice manual
  • Former chair of both the corporate and tax sections of the New Hampshire Bar Association
  • Chaired and was a principal author of the Revised New Hampshire Limited Liability Company Act
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LLC Agreements for Real Estate LLCs

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