Attorneys for the Business of Life
LLCs Simplified
Jessica Jensen recently gave a presentation on LLCs for the Law Review CLE group on Dec 11, 2018.
In the presentation, Jessica covered:
The limited liability company (LLC) is a popular entity structure for small business owners who want liability protection without the perceived red tape associated with setting up and managing a corporation. Few business owners understand the requirements, implications, benefits, and restrictions associated with an LLC. This course covers the pros and cons of an LLC as well as the basics of formation, management, and taxation. This course also provides guidance on advising clients regarding choice of structure, working collaboratively with a client’s CPA, and how to avoid common LLC pitfalls.
- What is an LLC?
- What laws governs an LLC?
- How does an LLC differ from and LLP and LLLP?
- Comparison of LLC with sole proprietorship and corporation
- How is an LLC taxed?
- Collaboration with CPA
- Operating structure
- Operating Agreement
- Roles of Members and Managers
- Fiduciary duties
- Links
Jessica McKeegan Jensen is a Senior Attorney and CEO with Cap City Law PS of Olympia, Washington. Jessica brings both mind and heart to her practice of law. With over 35 years of experience as an attorney and paralegal, Ms. Jensen is knowledgeable in more than just one narrow slice of the law. Her general practice focuses on business, succession planning, real estate, land use, estate planning, and probate because these areas of law so often intersect for her clients. Jessica and her firm utilize a holistic, collaborative approach in their practice of law. Read More