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On Demand

The Pros and Cons of LLCs


Credit Available - See Credits tab below.

Categories:
Business
Faculty:
Caitlin Rieser
Program Credits:
1-1.2
Credit Type:
General
Program Type:
On Demand


Description

Limited liability companies (LLCs) have become a popular business entity choice for their flexibility, liability protection, and tax benefits. However, they also present challenges that may not make them the best choice for every business. In this CLE course, Caitlin Rieser will guide attendees through the life cycle of an LLC, from formation to dissolution, and explore key management considerations. The session will compare LLCs with other business structures, including corporations and partnerships, to provide attorneys with the tools needed to advise clients on entity selection and operational concerns effectively, and a comprehensive understanding of when an LLC is the right choice—and when it isn’t.

 Learning Objectives:

  1. Understand the LLC Formation Process: Identify key steps in forming an LLC, including state requirements, operating agreements, and filing considerations.
  2. Analyze LLC Management Structures: Differentiate between member-managed and manager-managed LLCs and discuss governance best practices.
  3. Compare LLCs with Other Entity Types: Evaluate the advantages and disadvantages of operating as an LLC versus a corporation, partnership, or sole proprietorship.
  4. Recognize Key Tax Considerations: Explain pass-through taxation, self-employment tax implications, and potential tax planning strategies for LLCs.
  5. Navigate LLC Dissolution: Understand the legal and financial implications of dissolving an LLC and the steps required for proper closure.
  6. Advise Clients on Business Structure Selection: Provide strategic guidance on when forming an LLC is beneficial and when another entity type may be more appropriate.

Credits


Alabama

General

Credit Type: General
Credit Amount: 1
Course Type: On Demand
Course Expiration: 12/30/2025
Status: Approved


Alaska

General

Credit Type: General
Credit Amount: 1
Course Type: On Demand
Course Expiration: 04/17/2028
Status: Approved

CLE programs which take place outside of Alaska or are webcast from outside of Alaska are not required to be accredited by the Alaska Bar Association.  Alaska Bar members may claim credit for attendance at CLE programs offered in or from other jurisdictions if the program has been accredited by another MCLE jurisdiction.  


Arizona

General

Credit Type: General
Credit Amount: 1
Course Type: On Demand
Course Expiration: 04/17/2028
Status: Approved

The State Bar of Arizona does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement.  This activity may qualify for up to 1 hour(s) toward your annual CLE requirement for the State Bar of Arizona, including 0 hour(s) of professional responsibility.


Arkansas

General

Credit Type: General
Credit Amount: 1
Course Type: On Demand
Course Expiration: 06/30/2025
Status: Approved
Provider Number: 3333


California

General

Credit Type: General
Credit Amount: 1
Course Type: On Demand
Course Expiration:
Status: Pending, Submitted for Accreditation
Provider Number: 20536


Colorado

General

Credit Type: General
Credit Amount: 1
Course Type: On Demand
Course Expiration: 12/31/2027
Status: Approved
Provider Number: SPROUT


Connecticut

General

Credit Type: General
Credit Amount: 1
Course Type: On Demand
Course Expiration: 04/17/2028
Status: Approved


Delaware

General

Credit Type: General
Credit Amount: 1
Course Type: On Demand
Course Expiration: 04/17/2026
Status: Approved


Florida

General

Credit Type: General
Credit Amount: 1
Course Type: On Demand
Course Expiration: 10/31/2026
Status: Approved
Provider Number: 1052222


Georgia

General

Credit Type: General
Credit Amount: 1
Course Type: On Demand
Course Expiration: 12/31/2026
Status: Pending, Submitted for Accreditation
Provider Number: 8722


Hawaii

General

Credit Type: General
Credit Amount: 1
Course Type: On Demand
Course Expiration: 04/17/2028
Status: Pending, Submitted for Accreditation


Idaho

General

Credit Type: General
Credit Amount: 1
Course Type: On Demand
Course Expiration:
Status: Pending, Submitted for Accreditation


Illinois

General

Credit Type: General
Credit Amount: 1
Course Type: On Demand
Course Expiration: 04/16/2027
Status: Approved
Provider Number: SPR0001


Indiana

General

Credit Type: General
Credit Amount: 1
Course Type: On Demand
Course Expiration: 04/17/2026
Status: Approved
Provider Number: 111648


Iowa

General

Credit Type: General
Credit Amount: 1
Course Type: On Demand
Course Expiration: 04/17/2026
Status: Approved


Kansas

General

Credit Type: General
Credit Amount: 1
Course Type: On Demand
Course Expiration: 04/17/2026
Status: Approved
Provider Number: 7925


Kentucky

General

Credit Type: General
Credit Amount: 1
Course Type: On Demand
Course Expiration: 06/30/2025
Status: Approved
Provider Number: 9640


Louisiana

General

Credit Type: General
Credit Amount: 1
Course Type: On Demand
Course Expiration: 04/16/2026
Status: Approved
Provider Number: 4354


Maine

General

Credit Type: General
Credit Amount: 1
Course Type: On Demand
Course Expiration: 04/16/2027
Status: Approved
Provider Number: 2593


Maryland

General

Maryland attorneys do not have MCLE requirements.


Massachusetts

General

Massachusetts attorneys do not have MCLE requirements.


Michigan

General

Michigan attorneys do not have MCLE requirements.


Minnesota

General

Credit Type: General
Credit Amount: 1
Course Type: On Demand
Course Expiration: 04/17/2027
Status: Approved
Provider Number: 0012487


Mississippi

General

Credit Type: General
Credit Amount: 1
Course Type: On Demand
Course Expiration:
Status: Pending, Submitted for Accreditation


Missouri

General

Credit Type: General
Credit Amount: 1.2
Course Type: On Demand
Course Expiration: 04/17/2028
Status: Approved
Provider Number: 150036


Montana

General

Credit Type: General
Credit Amount: 1
Course Type: On Demand
Course Expiration:
Status: Approved
Provider Number: 5420


Nebraska

General

Credit Type: General
Credit Amount: 1
Course Type: On Demand
Course Expiration: 04/17/2027
Status: Approved


Nevada

General

Credit Type: General
Credit Amount: 1
Course Type: On Demand
Course Expiration: 12/31/2028
Status: Pending, Submitted for Accreditation
Provider Number: 55391


New Hampshire

General

Credit Type: General
Credit Amount: 1
Course Type: On Demand
Course Expiration: 04/17/2028
Status: Approved

NHMCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. The provider believes this course meets the requirements of NH Supreme Court Rule 53 and may quality for 60 minutes toward the annual NHMCLE requirement. New Hampshire attendees must self-determine whether a program is eligible for credit, and self-report their attendance.


New Jersey

General

Credit Type: General
Credit Amount: 1.2
Course Type: On Demand
Course Expiration: 04/04/2026
Status: Approved
Provider Number: 3332


New Mexico

General

Credit Type: General
Credit Amount: 1
Course Type: On Demand
Course Expiration: 04/17/2030
Status: Approved


New York

General

Credit Type: General
Credit Amount: 1
Course Type: On Demand
Course Expiration: 04/17/2028
Status: Approved


North Carolina

General

Credit Type: General
Credit Amount: 1
Course Expiration: On Demand
Expires: 02/28/2026
Status: Approved
Provider Number: 9370


North Dakota

General

Credit Type: General
Credit Amount: 1
Course Type: On Demand
Course Expiration: 04/17/2028
Status: Approved


Ohio

General

Credit Type: General
Credit Amount: 1
Course Type: On Demand
Course Expiration: 12/31/2025
Status: Approved
Provider Number: 19607


Oklahoma

General

Credit Type: General
Credit Amount: 1
Course Type: On Demand
Course Expiration: 04/17/2026
Status: Approved
Provider Number: 4528


Oregon

General

Credit Type: General
Credit Amount: 1
Course Type: On Demand
Course Expiration: 04/17/2026
Status: Approved


Pennsylvania

General

Credit Type: General
Credit Amount: 1
Course Type: On Demand
Course Expiration: 04/17/2027
Status: Approved
Provider Number: 12497


Rhode Island

General

Credit Type: General
Credit Amount: 1
Course Type: On Demand
Expires: 06/30/2026
Status: Approved
Provider Number: 00959


South Carolina

General

Credit Type: General
Credit Amount: 1
Course Type: On Demand
Course Expiration: 12/31/2025
Status: Approved
Provider Number: SPROU


South Dakota

General

South Dakota attorneys do not have MCLE requirements.


Tennessee

General

Credit Type: General
Credit Amount: 1
Course Type: On Demand
Course Expiration: 04/17/2026
Status: Approved


Texas

General

Credit Type: General
Credit Amount: 1
Course Type: On Demand
Course Expiration: 04/17/2026
Status: Approved
Provider Number: A17672


Utah

General

Credit Type: General
Credit Amount: 1
Course Type: On Demand
Course Expiration: 12/31/2025
Status: Approved


Vermont

General

Credit Type: General
Credit Amount: 1
Course Type: On Demand
Course Expiration:
Status: Pending, Submitted for Accreditation


Virginia

General

Credit Type: General
Credit Amount: 1
Course Type: On Demand
Course Expiration:
Status: Not Approved


Washington

Law & Legal Procedure

Credit Type: Law & Legal Procedure
Credit Amount: 1
Course Type: On Demand
Course Expiration: 04/16/2030
Status: Approved
Provider Number: 9903940


West Virginia

General

Credit Type: General
Credit Amount: 1.2
Course Type: On Demand
Course Expiration:
Status: Not Approved


Wisconsin

General

Credit Type: General
Credit Amount: 1
Course Type: On Demand
Course Expiration: 04/17/2026
Status: Approved


Wyoming

General

Credit Type: General
Credit Amount: 1
Course Type: On Demand
Course Expiration: 04/17/2026
Status: Approved



Materials

Faculty

Caitlin Rieser's Profile

Caitlin Rieser Related Seminars and Products

Of Counsel

Dentons


Caitlin G. Rieser serves as Of Counsel in Dentons' Tax group, focusing on federal transactional tax matters for entities such as partnerships, LLCs, and S and C corporations. She advises business owners on tax issues including corporate governance, compliance, mergers, and reorganizations. Caitlin also assists clients in identifying and claiming federal business tax credits and incentives. Her experience encompasses forming and governing nonprofits and tax-exempt entities, as well as addressing state and local tax matters. She earned her JD, magna cum laude, from the University of Louisville Brandeis School of Law.