North Carolina Limited Liability Company: Forms and Practice Manual
Prominent North Carolina attorney, Cyrus M. Johnson, Jr., Esq., has drawn from his extensive experience to bring you strategies and forms for virtually every situation you may encounter in this newly revised two-volume Manual featuring a bonus CD with more than 220 electronic forms.
Important features of this supplement include new discussions concerning:
- The implementation of the Tax Cuts and Jobs Act of 2017 and the resulting tax consequences related to LLCs;
- The promulgation of the Corporate Transparency Act;
- Changes to various state LLC filing fees and procedures;
- Implications of changes in tax laws as it affects an LLC and its members; and
- Recent North Carolina case summaries.
Cyrus M. Johnson, Jr., Esq., a member of the North Carolina law firm Womble Bond Dickinson (US), LLP, has represented individuals and companies in structuring start-up businesses and real estate projects. He has extensive experience in assisting businesses and real estate developers in raising capital through private offerings, typically structured to comply with Regulation D. He provides on-going legal counseling concerning issues facing growing businesses and handles mergers, acquisitions, sales, and restructuring for his business clients. Mr. Johnson also advises clients on director, officer, and manager fiduciary duties and represents clients in shareholder, partner, and member disputes. He served as a member on the Joint Subcommittee of the Business and Tax Sections of the North Carolina State Bar Association − which initially drafted the North Carolina Limited Liability Company Act. Mr. Johnson's practice includes the representation of corporations, partnerships, and limited liability companies in a wide variety of business organizations. He received his B.A. from the University of North Carolina/Chapel Hill in Chemistry and in Political Science (with highest honors), his M.B.A. from the University of North Carolina School of Business, and his J.D. from the University of North Carolina School of Law (with honors).
» View Full Table of Contents [PDF]
SUMMARY TABLE OF CONTENTS
PART I: ORGANIZATION
Chapter 1: Introduction
Chapter 2: Formation and Organization
PART II: OPERATIONS
Chapter 3: The Operating Agreement
Chapter 4: Organization
Chapter 5: Limited Liability Company Capital
Chapter 6: Allocation and Distribution Provisions
Chapter 7: Management Provisions
Chapter 8: Transfer and Buy-Sell Provisions
Chapter 9: Dissolution
Chapter 10: Books, Records, and Accounting
PART III: MISCELLANEOUS
Chapter 11: Reorganization of the LLC
Chapter 12: Foreign Limited Liability Companies and North Carolina LLCs Doing Business Outside North Carolina
Chapter 13: Professional Limited Liability Companies
Chapter 14: Compensation Strategies for the LLC
Chapter 15: Legal Opinions
Chapter 16: Bankruptcy Issues Concerning LLCs
PART IV: APPENDICES
PART V: LLP AND LLC CASES
PART VI: INDICES