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About the Course
Introduction
This CLE course will provide corporate counsel with a review of the advantages and disadvantages of forming LLCs under the Delaware Limited Liability Company Act (DLLC Act) versus other statutes. The panel will explain the critical issues for counsel in planning, negotiating and drafting LLC agreements under the DLLC Act.
Description
The Delaware LLC Act is the preeminent LLC Act in the U.S. and arguably the most flexible. The body of Delaware LLC case law is extensive and evolving, and the Delaware courts lead the country in deciding business disputes. For these and other reasons, the DLLC Act is the statute of choice when forming LLCs.
However, forming an LLC under the Act is not for the unprepared. It is a lengthy and complex LLC statute, presenting many pitfalls for attorneys. Becoming familiar with the terms of the Act and the critical LLC issues not addressed by its terms is vital.
Listen as our authoritative panel of Delaware attorneys discusses the advantages of Delaware LLC formation and best practices for drafting LLC agreements under the DLLC Act.
Credit Information
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This 90-minute webinar is eligible in most states for 1.5 CLE credits.
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Live Online
On Demand
Date + Time
- event
Wednesday, November 14, 2018
- schedule
1:00 PM E.T.
- Anatomy of an LLC agreement
- Choosing between the DLLC Act and other LLC Acts when forming LLCs
- Taking advantage of the flexibility of the DLLC Act in forming Delaware LLCs
- Avoiding pitfalls in forming Delaware LLCs
The panel will review these and other key issues:
- What main factors to consider in choosing between formation under the DLLC Act versus non-Delaware LLC Acts
- What are the key opportunities in the mandatory, default and permissive provisions of the DLLC Act?
- What are the pitfalls when forming Delaware LLCs?
An error occurred while processing the template.
The following has evaluated to null or missing:
==> barbriRedisCacheAPI.get("barbripass", productId) [in template "20096#20121#2885355" at line 5, column 77]
----
Tip: If the failing expression is known to legally refer to something that's sometimes null or missing, either specify a default value like myOptionalVar!myDefault, or use <#if myOptionalVar??>when-present<#else>when-missing</#if>. (These only cover the last step of the expression; to cover the whole expression, use parenthesis: (myOptionalVar.foo)!myDefault, (myOptionalVar.foo)??
----
----
FTL stack trace ("~" means nesting-related):
- Failed at: response = barbriRedisCacheAPI.get("b... [in template "20096#20121#2885355" at line 5, column 66]
---- 1<#assign productId = ''/> 2 <#if (productID.getData())?? && productID.getData()?has_content> 3 <#assign productId = productID.getData() /> 4 </#if> 5 <#assign response = barbriRedisCacheAPI.get("barbripass", productId) 6 json = jsonFactoryUtil.createJSONObject(response) 7 /> 8 9 <div class="card"> 10 <div class="card-body"> 11 <div class="row justify-content-between align-items-center"> 12 <div class="col-auto col-sm-auto"> 13 <div class="btn cle_btn" id="modalPassShortName"><#if (passName.getData())??>${passName.getData()}</#if></div> 14 </div> 15 <div class="col-auto col-sm-auto pl-lg-0"> 16 <span class="sale-price" id="modalPassPrice">$${json.pricebook?replace(",", "")?number?string("#,##0.00")}</span> 17 </div> 18 </div> 19 <div class="small_heading_area" id="modalPassFullName"><#if (title.getData())??>${title.getData()}</#if></div> 20 <p><#if (unlimitedText.getData())??>${unlimitedText.getData()}</#if>:</p> 21 <ul class="common-list disc_list paddNone"> 22 <#if (benefits.getData())??> 23 ${benefits.getData()} 24</#if> 25 </ul> 26 </div> 27 <div class="btn-float"> 28 <div class="premium-cle-pass cart-item"> 29 <input type="hidden" class="product-id" value="${productId}"> 30 <input type="hidden" class="product-name" value="${json.name}"> 31 <input type="hidden" class="pass-value" value="${passName.getData()}"> 32 <input type="hidden" class="product-price" value="${json.pricebook}"> 33 <input type="hidden" class="passAccessLengthMonths" value="${json.passAccessLengthMonths}"> 34 <input type="hidden" class="product-pass" value="family"> 35 <input type="hidden" class="product-expireDate" value=""> 36 37 <button 38 class="btn pc_theme_btn btn-primary btn_maxwidth_xxl_large add-to-cart" 39 aria-label="Buy Now" 40 data-redirect-checkout="true" 41 > 42 <span class="material-symbols-rounded"> shopping_cart </span> 43 Buy Now 44 </button> 45 </div> 46 </div> 47 </div> 48 49 <script> 50$(document).on('click', '.add-to-cart', function () { 51 let monthsToAdd = parseInt($(".passAccessLengthMonths").val()); 52 let currentDate = new Date(); 53 let futureDate = new Date(currentDate); 54 // Add months dynamically 55 futureDate.setMonth(futureDate.getMonth() + monthsToAdd); 56 57 // Handle overflow (e.g., Jan 31 + 1 month) 58 if (futureDate.getDate() !== currentDate.getDate()) { 59 futureDate.setDate(0); // last day of previous month 60 } 61 62 // Format as MM/DD/YYYY 63 function formatDateMMDDYYYY(date) { 64 let mm = String(date.getMonth() + 1).padStart(2, '0'); 65 let dd = String(date.getDate()).padStart(2, '0'); 66 let yyyy = date.getFullYear(); 67 return mm + '/' + dd + '/' + yyyy; 68 } 69 $(".product-expireDate").val(formatDateMMDDYYYY(futureDate)); 70 71 // Then close the modal 72 $('.single_option').modal('hide'); 73 }); 74</script> An error occurred while processing the template.
The following has evaluated to null or missing:
==> barbriRedisCacheAPI.get("barbripass", productId) [in template "20096#20121#2885355" at line 5, column 77]
----
Tip: If the failing expression is known to legally refer to something that's sometimes null or missing, either specify a default value like myOptionalVar!myDefault, or use <#if myOptionalVar??>when-present<#else>when-missing</#if>. (These only cover the last step of the expression; to cover the whole expression, use parenthesis: (myOptionalVar.foo)!myDefault, (myOptionalVar.foo)??
----
----
FTL stack trace ("~" means nesting-related):
- Failed at: response = barbriRedisCacheAPI.get("b... [in template "20096#20121#2885355" at line 5, column 66]
---- 1<#assign productId = ''/> 2 <#if (productID.getData())?? && productID.getData()?has_content> 3 <#assign productId = productID.getData() /> 4 </#if> 5 <#assign response = barbriRedisCacheAPI.get("barbripass", productId) 6 json = jsonFactoryUtil.createJSONObject(response) 7 /> 8 9 <div class="card"> 10 <div class="card-body"> 11 <div class="row justify-content-between align-items-center"> 12 <div class="col-auto col-sm-auto"> 13 <div class="btn cle_btn" id="modalPassShortName"><#if (passName.getData())??>${passName.getData()}</#if></div> 14 </div> 15 <div class="col-auto col-sm-auto pl-lg-0"> 16 <span class="sale-price" id="modalPassPrice">$${json.pricebook?replace(",", "")?number?string("#,##0.00")}</span> 17 </div> 18 </div> 19 <div class="small_heading_area" id="modalPassFullName"><#if (title.getData())??>${title.getData()}</#if></div> 20 <p><#if (unlimitedText.getData())??>${unlimitedText.getData()}</#if>:</p> 21 <ul class="common-list disc_list paddNone"> 22 <#if (benefits.getData())??> 23 ${benefits.getData()} 24</#if> 25 </ul> 26 </div> 27 <div class="btn-float"> 28 <div class="premium-cle-pass cart-item"> 29 <input type="hidden" class="product-id" value="${productId}"> 30 <input type="hidden" class="product-name" value="${json.name}"> 31 <input type="hidden" class="pass-value" value="${passName.getData()}"> 32 <input type="hidden" class="product-price" value="${json.pricebook}"> 33 <input type="hidden" class="passAccessLengthMonths" value="${json.passAccessLengthMonths}"> 34 <input type="hidden" class="product-pass" value="family"> 35 <input type="hidden" class="product-expireDate" value=""> 36 37 <button 38 class="btn pc_theme_btn btn-primary btn_maxwidth_xxl_large add-to-cart" 39 aria-label="Buy Now" 40 data-redirect-checkout="true" 41 > 42 <span class="material-symbols-rounded"> shopping_cart </span> 43 Buy Now 44 </button> 45 </div> 46 </div> 47 </div> 48 49 <script> 50$(document).on('click', '.add-to-cart', function () { 51 let monthsToAdd = parseInt($(".passAccessLengthMonths").val()); 52 let currentDate = new Date(); 53 let futureDate = new Date(currentDate); 54 // Add months dynamically 55 futureDate.setMonth(futureDate.getMonth() + monthsToAdd); 56 57 // Handle overflow (e.g., Jan 31 + 1 month) 58 if (futureDate.getDate() !== currentDate.getDate()) { 59 futureDate.setDate(0); // last day of previous month 60 } 61 62 // Format as MM/DD/YYYY 63 function formatDateMMDDYYYY(date) { 64 let mm = String(date.getMonth() + 1).padStart(2, '0'); 65 let dd = String(date.getDate()).padStart(2, '0'); 66 let yyyy = date.getFullYear(); 67 return mm + '/' + dd + '/' + yyyy; 68 } 69 $(".product-expireDate").val(formatDateMMDDYYYY(futureDate)); 70 71 // Then close the modal 72 $('.single_option').modal('hide'); 73 }); 74</script> An error occurred while processing the template.
The following has evaluated to null or missing:
==> barbriRedisCacheAPI.get("barbripass", productId) [in template "20096#20121#2885355" at line 5, column 77]
----
Tip: If the failing expression is known to legally refer to something that's sometimes null or missing, either specify a default value like myOptionalVar!myDefault, or use <#if myOptionalVar??>when-present<#else>when-missing</#if>. (These only cover the last step of the expression; to cover the whole expression, use parenthesis: (myOptionalVar.foo)!myDefault, (myOptionalVar.foo)??
----
----
FTL stack trace ("~" means nesting-related):
- Failed at: response = barbriRedisCacheAPI.get("b... [in template "20096#20121#2885355" at line 5, column 66]
---- 1<#assign productId = ''/> 2 <#if (productID.getData())?? && productID.getData()?has_content> 3 <#assign productId = productID.getData() /> 4 </#if> 5 <#assign response = barbriRedisCacheAPI.get("barbripass", productId) 6 json = jsonFactoryUtil.createJSONObject(response) 7 /> 8 9 <div class="card"> 10 <div class="card-body"> 11 <div class="row justify-content-between align-items-center"> 12 <div class="col-auto col-sm-auto"> 13 <div class="btn cle_btn" id="modalPassShortName"><#if (passName.getData())??>${passName.getData()}</#if></div> 14 </div> 15 <div class="col-auto col-sm-auto pl-lg-0"> 16 <span class="sale-price" id="modalPassPrice">$${json.pricebook?replace(",", "")?number?string("#,##0.00")}</span> 17 </div> 18 </div> 19 <div class="small_heading_area" id="modalPassFullName"><#if (title.getData())??>${title.getData()}</#if></div> 20 <p><#if (unlimitedText.getData())??>${unlimitedText.getData()}</#if>:</p> 21 <ul class="common-list disc_list paddNone"> 22 <#if (benefits.getData())??> 23 ${benefits.getData()} 24</#if> 25 </ul> 26 </div> 27 <div class="btn-float"> 28 <div class="premium-cle-pass cart-item"> 29 <input type="hidden" class="product-id" value="${productId}"> 30 <input type="hidden" class="product-name" value="${json.name}"> 31 <input type="hidden" class="pass-value" value="${passName.getData()}"> 32 <input type="hidden" class="product-price" value="${json.pricebook}"> 33 <input type="hidden" class="passAccessLengthMonths" value="${json.passAccessLengthMonths}"> 34 <input type="hidden" class="product-pass" value="family"> 35 <input type="hidden" class="product-expireDate" value=""> 36 37 <button 38 class="btn pc_theme_btn btn-primary btn_maxwidth_xxl_large add-to-cart" 39 aria-label="Buy Now" 40 data-redirect-checkout="true" 41 > 42 <span class="material-symbols-rounded"> shopping_cart </span> 43 Buy Now 44 </button> 45 </div> 46 </div> 47 </div> 48 49 <script> 50$(document).on('click', '.add-to-cart', function () { 51 let monthsToAdd = parseInt($(".passAccessLengthMonths").val()); 52 let currentDate = new Date(); 53 let futureDate = new Date(currentDate); 54 // Add months dynamically 55 futureDate.setMonth(futureDate.getMonth() + monthsToAdd); 56 57 // Handle overflow (e.g., Jan 31 + 1 month) 58 if (futureDate.getDate() !== currentDate.getDate()) { 59 futureDate.setDate(0); // last day of previous month 60 } 61 62 // Format as MM/DD/YYYY 63 function formatDateMMDDYYYY(date) { 64 let mm = String(date.getMonth() + 1).padStart(2, '0'); 65 let dd = String(date.getDate()).padStart(2, '0'); 66 let yyyy = date.getFullYear(); 67 return mm + '/' + dd + '/' + yyyy; 68 } 69 $(".product-expireDate").val(formatDateMMDDYYYY(futureDate)); 70 71 // Then close the modal 72 $('.single_option').modal('hide'); 73 }); 74</script> An error occurred while processing the template.
The following has evaluated to null or missing:
==> barbriRedisCacheAPI.get("barbripass", productId) [in template "20096#20121#2885355" at line 5, column 77]
----
Tip: If the failing expression is known to legally refer to something that's sometimes null or missing, either specify a default value like myOptionalVar!myDefault, or use <#if myOptionalVar??>when-present<#else>when-missing</#if>. (These only cover the last step of the expression; to cover the whole expression, use parenthesis: (myOptionalVar.foo)!myDefault, (myOptionalVar.foo)??
----
----
FTL stack trace ("~" means nesting-related):
- Failed at: response = barbriRedisCacheAPI.get("b... [in template "20096#20121#2885355" at line 5, column 66]
---- 1<#assign productId = ''/> 2 <#if (productID.getData())?? && productID.getData()?has_content> 3 <#assign productId = productID.getData() /> 4 </#if> 5 <#assign response = barbriRedisCacheAPI.get("barbripass", productId) 6 json = jsonFactoryUtil.createJSONObject(response) 7 /> 8 9 <div class="card"> 10 <div class="card-body"> 11 <div class="row justify-content-between align-items-center"> 12 <div class="col-auto col-sm-auto"> 13 <div class="btn cle_btn" id="modalPassShortName"><#if (passName.getData())??>${passName.getData()}</#if></div> 14 </div> 15 <div class="col-auto col-sm-auto pl-lg-0"> 16 <span class="sale-price" id="modalPassPrice">$${json.pricebook?replace(",", "")?number?string("#,##0.00")}</span> 17 </div> 18 </div> 19 <div class="small_heading_area" id="modalPassFullName"><#if (title.getData())??>${title.getData()}</#if></div> 20 <p><#if (unlimitedText.getData())??>${unlimitedText.getData()}</#if>:</p> 21 <ul class="common-list disc_list paddNone"> 22 <#if (benefits.getData())??> 23 ${benefits.getData()} 24</#if> 25 </ul> 26 </div> 27 <div class="btn-float"> 28 <div class="premium-cle-pass cart-item"> 29 <input type="hidden" class="product-id" value="${productId}"> 30 <input type="hidden" class="product-name" value="${json.name}"> 31 <input type="hidden" class="pass-value" value="${passName.getData()}"> 32 <input type="hidden" class="product-price" value="${json.pricebook}"> 33 <input type="hidden" class="passAccessLengthMonths" value="${json.passAccessLengthMonths}"> 34 <input type="hidden" class="product-pass" value="family"> 35 <input type="hidden" class="product-expireDate" value=""> 36 37 <button 38 class="btn pc_theme_btn btn-primary btn_maxwidth_xxl_large add-to-cart" 39 aria-label="Buy Now" 40 data-redirect-checkout="true" 41 > 42 <span class="material-symbols-rounded"> shopping_cart </span> 43 Buy Now 44 </button> 45 </div> 46 </div> 47 </div> 48 49 <script> 50$(document).on('click', '.add-to-cart', function () { 51 let monthsToAdd = parseInt($(".passAccessLengthMonths").val()); 52 let currentDate = new Date(); 53 let futureDate = new Date(currentDate); 54 // Add months dynamically 55 futureDate.setMonth(futureDate.getMonth() + monthsToAdd); 56 57 // Handle overflow (e.g., Jan 31 + 1 month) 58 if (futureDate.getDate() !== currentDate.getDate()) { 59 futureDate.setDate(0); // last day of previous month 60 } 61 62 // Format as MM/DD/YYYY 63 function formatDateMMDDYYYY(date) { 64 let mm = String(date.getMonth() + 1).padStart(2, '0'); 65 let dd = String(date.getDate()).padStart(2, '0'); 66 let yyyy = date.getFullYear(); 67 return mm + '/' + dd + '/' + yyyy; 68 } 69 $(".product-expireDate").val(formatDateMMDDYYYY(futureDate)); 70 71 // Then close the modal 72 $('.single_option').modal('hide'); 73 }); 74</script> Related Courses
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