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Who’s planning on leaving after getting their bonus?
Does anyone want to be my M&A coach? Will pay.
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You need to talk to someone more senior on your team about this. Other lawyers on your team likely have good precedent for each of these steps and you should tailor your steps chart to match what will actually be in the documents, not just what random folks on the internet said based on limited information.
I don’t mean to sound blunt when I say this, but I have no idea what you are saying in this post. I’ll ask some probing questions to help try and get some additional substance, then maybe I or someone else can give some pointers:
1. You say four corporations, let’s be specific, are you saying that there are four limited liability companies either currently in existence or will be created? These 4 LLC’s are the “corporations”?
2. Are these LLC’s manager/member managed by other entities, or individuals?
3. Are you saying that these four LLC’s will perform some type of service, in exchange for money?
4. What do you mean by “push” money to a single trust? Is the trust the sole member for each of these entities, thus being the only entity entitled to any payments?
5. Is your ultimate goal to have 4 LLC’s that perform a business in exchange for money, and all of that money will belong to one trust?
I’m curious…did you ask the Senior Associate any of these questions when they were explaining the assignment or soon after when you were reviewing the precedent?
Start with the broad step structure. Can fill in the specific consents and amendments once the steps are right - going granular from the start just creates rework
Not enough details to help you, and unsure
This is the most ideal forum to ask.
So you have for incs directly held by a trust and the incs have pass through llcs?
Sorry bud - you're going to have to come clean with your midlevel or senior that you don't understand. If you try to fake it, it is going to be totally obvious anyway. Better to get ahead of it, suppress your ego and get it over with. Any judgment for not understanding will be a fraction of the judgement you get for turning in bad work product days later.