News & Events


Top 10 Changes to Minnesota LLC Act: October 8 seminar for CPAs

September 2, 2015

As a CPA, you know Minnesota just made major changes to the Minnesota LLC Act.  Please join us to learn about the changes and how they affect you and your clients.

Thursday, October 8, 2015
8:15 a.m. Registration and breakfast
9:00 a.m. – 11:30 a.m. Seminar
Sheraton Minneapolis West (Minnetonka)

Two CPE credits*

Click here to register

(If six or more accountants from the same firm register and you prefer to host the delivery of the seminar at your offices, please inquire about available dates.)

How the default rules have changed

  • Partnership principles apply
  • One person, one vote vs. voting by capital amount
  • Equal share of profits and losses vs. sharing based on capital amounts

Why written operating agreements will be crucial

  • Evidence of oral agreements or course of dealing may be examined. Protect your clients with a written agreement.

Traps for the unwary

  • How existing LLCs will be treated under the new Act
  • Helping clients avoid litigation by understanding the ownership and governance relationships under the new law
  • Why LLC owners should update their documents before January 1, 2018

Standards of the revised fiduciary duties provisions

*Henson & Efron, P.A. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its www.learningmarket.org.

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