Ethics, Business Law

Business Law: Professional Conduct and the Drafting of LLC Operating Agreements


This session features experts on professional conduct and limited liability company practice, addressing common ethical quandaries encountered in drafting limited liability company operating agreements.  Among the questions and dilemmas the panelists will cover are: whether a lawyer who does not practice tax law can and should draft limited liability company operating agreements, how a lawyer properly identifies the client in an engagement that includes drafting a limited liability company operating agreement, and the extent to which Tennessee lawyers can ethically provide advice to clients on the law of Delaware or other states—or to members who reside outside of Tennessee—in connection with the drafting of limited liability operating agreements. 



SAVE MONEY: Use the prepaid CLE credits that come with your TBA Complete Membership and take this course for free. Not a TBA member, join now to start saving.

Very good course.

Very knowledgeable and talented presenters. Enjoyed learning about a very relevant topic in today’s world that I wish to know more about.

Super CLE! Brian Faughnan always delivers insights (and humor) in a delightful way.

Brian is awesome and a great presenter.

The distinctions between what was allowed to be performed by a non-lawyer v. those tasks to be done by a lawyer were not as clear as I expected. I also found it interesting to some degree, that this is not an area of the law in which you would want to learn as you go to gain competence (if you are not in a firm or setting where you have other experts on hand) but on the other hand, with the numerous implications of other issues involved in LLC formation, it does seem to make some sense. This really highlighted the differences lawyers face when practicing alone or in a small firm v. practicing in a large firm with various concentrations covered.

The presenters raised some really interesting issues. There's a lot more going on here than I originally thought. Thanks!

Good overview of the ethics of LLC agreements.

how important it is to complete operating agreement at time of formation of LLC to avoid future issues.

Relevant and detailed enough. I learned something.


Course Pricing
  • Member: 45.00
  • Non-Member: 75.00
  • Section: 35.00
TBA members who are judges, lawmakers and law students can take TBA CLE onsite courses at no charge for the programming. There may be a separate charge if meals, special materials or other premium features are involved.
Course InformationHighlights
  • Flexible to your schedule
  • Viewable on desktop or mobile devices
  • Discount for section members
Course Credits Dual Credits: 1.00
General Credits: 0.00
Total Credits: 1

This program will be filed for Tennessee CLE credit. Please email a request to for Georgia and Mississippi CLE credit.