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Deadlock-Breaking Mechanisms in LLC Operating Agreements

Date: Wednesday, January 23, 2019
Time: 1:00 - 2:40 pm EST

Sponsored by Lorman Education Services


Registration - Live Webinar Only: $219.00

Registration - Live Webinar Plus CD Recording: $288.00
 

Familiarize yourself with different mechanisms designed to prevent or avoid a deadlock from occurring in your workplace.

Entities created by state statute are creatures of contract and managed by individuals who do not always agree and so it is possible for a deadlock to arise and if the issues on which the parties are deadlocks is significant enough, it could jeopardize the existence of the entity and expose the owners to untimely and punitive effects, let alone ruin relationships.

This topic will help you understand what constitutes a deadlock, what causes the deadlock, and what the consequences are, if there is a deadlock. Most importantly, this information will examine different mechanisms designed to prevent or avoid a deadlock from occurring.

Lastly, this topic will address what happens if there is a deadlock and there is a mechanism in place to address it, and how those alternative dispute resolution mechanisms can by utilized.

Learning Objectives:

  • You will be able to define what constitutes a deadlock.
  • You will be able to identify what causes deadlocks.
  • You will be able to recognize the consequences of deadlocks.
  • You will be able to discuss how to prevent deadlocks.
This Live Webinar Covers These Hot Issues:

When Deadlocks Arise: What Happens?

• Definition of "Deadlock"
• Causes of Deadlocks
• Consequences of Deadlocks

How to Prevent Deadlocks

• Buy-Sell Agreement
• Put-Call-Expel
• Partition

Undeadlocking Deadlocks

• Arbitration
• Judicial Expulsion
• Custodial Receivership

Credit Information (Sponsored by Lorman Education Services):

  • CLE
  • CPE
  • AIPB
  • NASBA

For Detailed Credit Information page click here

Only registered attendee will receive continuing education credit.

Faculty

Craig Long, Craig Long LLC

  • Partner in the office of Craig Long LLC
  • Practice emphasizes all aspects of unincorporated business associations, mergers and acquisitions and title insurance underwriting
  • Conducts regular seminars and workshops on numerous unincorporated business associations, mergers and acquisitions and title insurance underwriting
  • Written several publications related to the areas of securities regulation
  • Member Georgia and Alabama Bars; ABA Business Law Section
  • J.D. degree, Antonin Scalia Law School at George Mason University; B.S. degree in government; Liberty University
  • Can be contacted at 678-679-0680, craig@reallonglaw.com or on Twitter® @craigalong

(Not available outside the US)