LLCs

Our team offers health care, technology, and other business clients sound advice in forming and operating LLCs as subsidiaries or joint ventures, both in Minnesota and Delaware. We also help tax-exempt organizations create and operate LLCs in a manner consistent with their tax-exempt status. Our support includes:

  • Advising on the optimal forum for formation
  • Drafting LLC’s articles of organization
  • Drafting and negotiating LLC agreements
  • Filing articles of organization with the Secretary of State
  • Obtaining business licenses and permits from federal, state, and local governments
  • Obtaining federal and state tax identification numbers
  • Providing ongoing advice to ensure compliance at all government levels
  • Providing sound tax and business advice

Experience

Representative Matters

  • Represented a physician group in the formation of joint venture LLC with for-profit management company and tax-exempt hospital to own and operate ambulatory surgery center
     
  • Represented a tax-exempt physician group in formation and operation of joint venture provider LLC with for-profit physician practice
     
  • Represented LLC in successfully defending an IRS claim for more than $3 million in self-employment tax from the LLC members
     
  • Represented laboratory supplier in establishing an LLC and assisted in navigating international restrictions on shipping of experimental supplies
     
  • Represented academic medical center’s faculty practice plan in joint venture with hospital system for creation of radiation therapy LLC