Skip to main content
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

AL General

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


Alaska

AK 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

AZ 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.


California

CA General

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


Colorado

CO General

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


Connecticut

CT General

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


Delaware

DE General

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


Florida

FL General

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


Georgia

GA General

Credit Type: General
Credit Amount: 1
Course Type: On Demand
Course Expiration: 12/31/2026
Status: Approved
Provider Number: 


Hawaii

HI General

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


Idaho

ID General

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


Illinois

IL General

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


Indiana

IN General

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


Iowa

IA General

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


Kansas

KS General

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


Louisiana

LA General

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


Maine

ME General

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


Maryland

MD General

Maryland attorneys do not have MCLE requirements.


Massachusetts

MA General

Massachusetts attorneys do not have MCLE requirements.


Michigan

MI General

Michigan attorneys do not have MCLE requirements.


Minnesota

MN General

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


Mississippi

MS General

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


Missouri

MO General

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


Montana

MT General

Credit Type: General
Credit Amount: 1
Course Type: On Demand
Course Expiration: 03/17/2028
Status: Approved
Provider Number:


Nebraska

NE General

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


Nevada

NV General

Credit Type: General
Credit Amount: 1
Course Type: On Demand
Course Expiration: 12/31/2028
Status: Approved
Provider Number: 


New Hampshire

NH General

Credit Type: General
Credit Amount: 1
Course Type: On Demand
Course Expiration:
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

NJ General

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


New Mexico

NM General

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


New York

NY General

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


North Carolina

NC General

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


North Dakota

ND General

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


Ohio

OH General

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


Oklahoma

OK General

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


Oregon

OR General

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


Pennsylvania

PA General

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


Rhode Island

RI General

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


South Carolina

SC General

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


South Dakota

SD General

South Dakota attorneys do not have MCLE requirements.


Tennessee

TN General

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


Texas

TX General

Credit Type: General
Credit Amount: 1
Course Type: On Demand
Course Expiration: 03/31/2026
Status: Approved
Provider Number:


Utah

UT General

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


Vermont

VT General

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


Virginia

VA General

Credit Type: General
Credit Amount: 1
Course Type: On Demand
Course Expiration: 10/31/2025
Status: Approved


Washington

WA Law & Legal Procedure

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


West Virginia

WV General

Credit Type: General
Credit Amount: 1.2
Course Type: On Demand
Course Expiration:
Status: Approved


Wisconsin

WI General

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


Wyoming

WY 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


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.