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To claim CLE credit, view by: November 17, 2027
Depending on the jurisdiction in which you practice, you may or may not be able to claim credit for viewing this on demand seminar. Please check with your licensing agency for accreditation information.
Originally presented: November 18, 2025 | Course length: 6.25 hours
From formation to dissolution, and everything in between, this program gives you the tools to confidently guide your clients. Learn how to draft effective operating agreements, navigate fiduciary duties, plan for exits, and address contingencies like dissolution and bankruptcy. Plus, stay ahead with the latest case law, legislative updates, and ethical considerations in LLC practice.
Program Highlights Include:
Beyond the Steps:
Bonus Materials for Attendees!
Attendees will receive the following helpful publications for FREE! In-person attendees will receive hard copies of these materials as well as electronic access. Online replay and on demand attendees will receive electronic access only.
WELCOME & ANNOUNCEMENTS (5 MINUTES)
5 STEPS
STEP 1 – You Need to Create the LLC (50 MINUTES)
Forming the LLC: Choice of Entity, Articles of Organization, and Start Up Considerations
– James C. MacGillis
STEP 2 – Decide the Governing Rules for the LLC (60 MINUTES)
Drafting Effective Operating Agreements: Key Provisions and Pitfalls
– Allison M. Plunkett
STEP 3 – Know the Director and Member Rights, Duties and Responsibilities (45 MINUTES)
6 Hypotheticals to Illustrate Fiduciary Duties in LLCs
– Peter J. McElligott & William R. Paterson
STEP 4 – Think Long Term (45 MINUTES)
Planning the Future: Estate Planning, Exit Strategies, and Transfers of LLC Interests
– Wynne C. S. Reece
STEP 5 – Think About Contingencies If Things Don’t Work Out (40 MINUTES)
When Things Fall Apart: Dissolution, Receivership, and Bankruptcy in LLCs
– Karl J. Johnson & Nauni J. Manty
BEYOND THE STEPS
A Focus on Minority Owner Rights (45 MINUTES)
A Comparative Look at Minority Owner Rights Under Minnesota and Delaware LLC Law
– Janel M. Dressen & Wallace G. Hilke
Stay Up to Date with LLC Law in Minnesota (45 MINUTES)
2025 Case Law and Legislative Update
– Kimberly A. Lowe & Patrick H. O’Neill, III
Ethics and LLCs (45 MINUTES)
Ethical Rules Specific to LLCs
0.75 ethics credit applied for
– Jennifer S. Bovitz & Charles E. Jones
$295
Other discounts that may apply:
Scholarships available!
Need-based scholarships are available for in-person and online seminars. For further information or to obtain a scholarship application, contact us at 800-759-8840 or customerservice@minncle.org.
Minnesota CLE is applying to the Minnesota State Board of CLE for 6.25 CLE credits, including 0.75 ethics credit. The maximum number of total credits attendees may claim for this program is 6.25 credits.
Depending on the jurisdiction in which you practice, you may or may not be able to claim credit for viewing this on demand seminar. Please check with your licensing agency for accreditation information.
