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| Name | Operating Agreements | Estate Planning Essentials | WealthCounsel |
| Video Uploader | Video From WealthCounsel |
| Upload Date | This Video Uploaded At 03-07-2019 17:17:11 |
| Video Discription | Learn More About Estate Planning Essentials Today! https://www.wealthcounsel.com/epe An operating agreement is an indispensable foundational document for a limited liability company. It is the rulebook for a company that sets out each owner’s--or MEMBER’s as they’re called in an LLC--rights and obligations in relation to the other members and the company. LLCs are highly adaptable business entities that can be taxed in different ways. The operating agreement will typically set out how the owners have decided that the company should be taxed. If the owners decide to be taxed under a scheme that is different than the one provided by state statute as a default, an election will need to be made with the IRS. A central piece of every operating agreement is the provision relating to how profits are distributed. Will the distributions of profits be MANDATORY or DISCRETIONARY? WHEN will the company be obligated to pay out those distributions? Who gets to make key decisions? What happens when owners decide they want to sell? Learn all that, and more, in this episode of Estate Planning Essentials WealthCounsel, LLC has been helping estate and business planning attorneys practice excellence for over 20 years. Membership benefits include superior estate and business planning drafting software with Wealth Docx® and Business Docx®, a vibrant community of thousands of attorneys, and thoughtful analysis on breaking news. Please like, comment, and subscribe! For more information, check out https://www.wealthcounsel.com/resource-center Follow us on social media! Facebook https://www.facebook.com/WealthCounsel LinkedIn http://linkd.in/wealthcounsel Twitter https://twitter.com/wealthcounsel Subscribe to the WealthCounsel Quarterly: https://www.wealthcounsel.com/get-magazine See How WealthCounsel Can Move Your Practice Forward: https://www.wealthcounsel.com/ #estateplanning #estateplanning101 #wealthcounsel [HOB7VsLdxp8] |
| Category | Education |
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