Launching an LLC in 2025: Legal Trends, Conflict Mitigation, and Estate Planning Applications
A transactional lawyer working closely with business clients, Noel Humphreys actively participates in the ins and outs of business organizations. He focuses his practice on business transactions, lending transactions, organizational governance and intellectual property.
2 hour CLE
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Program Summary
This CLE program offers critical insights and practical guidance for attorneys advising clients on LLC governance and asset protection strategies. Participants will explore recent legislative developments impacting LLC structures, particularly amendments in Delaware law and California's Revised Uniform Limited Liability Company Act (RULLCA). The session will highlight essential best practices for drafting effective operating agreements tailored to manage and resolve disputes, including those common in family-owned LLCs. Attendees will also learn about strategic approaches to asset protection through methods to preserve LLC liability shields and defend against charging orders. Additionally, the webinar covers considerations for using LLCs in estate planning contexts, emphasizing legitimate non-tax business purposes. Finally, participants will gain awareness of recent legislative developments concerning arbitration agreements and confidentiality provisions, particularly in employment scenarios, ensuring they are well-equipped to navigate this evolving area of law effectively.
Key topics to be discussed:
- Recent legislative changes: Amendments to Delaware's General Corporation Law and the Delaware Limited Liability Company Act
- California LLC governance: Understanding California's Revised Uniform Limited Liability Company Act (RULLCA) and officer appointment ambiguities
- Drafting operating agreements: Best practices for effectively managing disputes and governance issues, particularly within family-owned LLCs
- Asset protection with LLCs: Charging orders, sole remedies, and strategies for maintaining the integrity of LLC asset protections
- Estate planning and LLCs: Practical guidance on structuring LLCs for estate planning purposes, emphasizing non-tax-driven business purposes
- Legal consequences of arbitration and confidentiality legislation: Navigating recent legislative impacts on arbitration agreements and confidentiality provisions, particularly in employment related disputes
This course is co-sponsored with myLawCLE.
Date / Time: May 23, 2025
- 1:00 pm – 3:10 pm Eastern
- 12:00 pm – 2:10 pm Central
- 11:00 am – 1:10 pm Mountain
- 10:00 am – 12:10 pm Pacific
Closed-captioning available
Speakers
Noel D. Humphreys | Connell Foley LLP
A transactional lawyer working closely with business clients, Noel Humphreys actively participates in the ins and outs of business organizations. He focuses his practice on business transactions, lending transactions, organizational governance and intellectual property. Noel has participated in hundreds of business combinations ─ mergers, asset acquisitions, joint ventures, strategic alliances, sourcing relationships and stock purchases ─ as well as settlements of disputes within family-owned businesses.
Operating agreements for limited liability companies and partnership agreements are also an important aspect of Noel’s practice, as entities often face movement among their members or partners. With businesses expanding globally, Noel also helps structure U.S.-based subsidiaries and joint ventures with European, Chinese and South American parents and partners.
In addition, Noel represents employers and employees in employment contracts and consulting and services arrangements. He has also represented lenders and borrowers of all sizes in loan transactions and recently represented a leading U.S. bank in lending transactions with middle market companies.
In the area of intellectual property, Noel has played a leading role in more than 75 transactions in rights in intangible property, such as software, databases, trademarks, copyrights and contract rights. He has a particular interest in privacy issues and protection of data and in licensing data, software, trademarks and trade secrets. He represents licensors and licensees of intellectual property rights and data. Many such transactions (such as joint ventures, strategic alliances or stock/asset purchases) involve leveraging the value of patents, trademarks, copyrights and trade secrets.
Agenda
I. Recent legislative changes | 1:00pm – 1:20pm
II. California LLC governance | 1:20pm – 1:40pm
III. Drafting operating agreements |1:40pm – 2:00pm
Break | 2:00pm – 2:10pm
IV. Asset protection with LLCs | 2:10pm – 2:30pm
V. Estate planning and LLCs | 2:30pm – 2:50pm
VI. Legal consequences of arbitration and confidentiality legislation | 2:50pm – 3:10pm
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