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  • Nov 01, 2017Victor Elgort Presents Advantageous Uses of LLCs for NBI

    Victor S. Elgort, a Senior Member of Bridgewater-based law firm Norris McLaughlin, P.A., will speak at “LLCs: Beyond the Basics,” a one-day course presented by the National Business Institute (NBI) discussing how to capitalize on the advantages of LLCs on Monday, November 6, 8:00 a.m. – 4:40 p.m., at the Holiday Inn in Princeton.

    Elgort will highlight advantageous uses of LLCs, including using an LLC to hold real property, hold tangible personal property or intangible assets, as a valuation “freeze” entity, in estate planning, to hold life insurance policies, for venture capital projects and corporate joint ventures, and in lieu of corporate subsidiaries.  For more information or to register, visit the NBI website.

    Elgort is Chair of the firm’s Tax Group, practicing out of all three Norris McLaughlin, P.A. locations, as he is admitted in New Jersey, New York, and Pennsylvania. His practice concentrates on business law and tax planning, including the structuring of partnerships and joint ventures, tax-saving real estate and business exit strategies, executive compensation, and domestic and international estate planning matters.

    Elgort organized and created the first limited liability company in New Jersey.  He has authored the standard form operating agreements and other documents for limited liability companies published by Julius Blumberg, Inc., including both the forms for use in New Jersey and the generic forms offered nationwide for limited liability companies.

    In addition, Elgort is a Fellow of the American College of Trust and Estate Counsel.  He frequently lectures at tax planning courses, including continuing education seminars. He has authored extensive material published by the NBI, Lorman Education Services, Professional Education Seminars, and other national seminar companies, including “Partnerships, LLCs and LLPs: Organization and Operation,” “Asset Protection Planning in New Jersey,” “Limited Liability Companies in New Jersey,” “Transferring Business Wealth,” “Administration of the Estate in New Jersey,” “Planning Opportunities with Living Trusts in New Jersey,” “New Jersey Probate: Beyond the Basics,” “A Practical Guide to Estate Administration in New Jersey,” and “Family Limited Partnerships and Limited Liability Companies in New Jersey.”

    Elgort received his undergraduate degree with honors from Rutgers University, his J.D. with honors from Cornell University, and his LL.M. in Taxation from New York University. Elgort is included in the Trusts and Estates section of The Best Lawyers in America and has been named by his peers as a New Jersey Super Lawyer in the Tax section.

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