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Victor S. Elgort

  • Dec 12, 2019Victor Elgort to Speak on LLC Operating Agreements for the National Business Institute

    Victor S. Elgort, a Member of law firm Norris McLaughlin, P.A., will speak at the National Business Institute’s seminar, “LLC Operating Agreements,” on Friday, December 13, at the Hyatt Place Princeton.

    About the Presentation

    Elgort will present “Tax Mistakes Made in Distribution, Allocation and Entity Selection,” discussing a sample drafting checklist for attorneys, the tax process, options for tax entity selection, allocations of profits and losses, distributions, preferred returns, and payments for providing services or capital, while utilizing real-world examples. He will also present “Formation and Drafting: Articles and Operating Agreement,” focusing on types of LLCs, steps to LLC formation, the basics of articles of organization, capital contributions, ownership interest documentation, LLC record-keeping, and drafting tips and suggestions.

    “I have been speaking at these NBI seminars for many years and always look forward to it. The organization puts on a great presentation and those who attend are eager to learn. It’s a good opportunity for business owners as well as my fellow business attorneys to stay educated on these important topics,” stated Elgort.

    Other topics to be addressed include common drafting oversights and current developments in LLC litigation; transfer restriction issues, right of first refusal, impasse, capital call, and dissolution provisions; rights, responsibilities, and voting provisions for members and manager; top operating agreement mistakes attorneys make, and ethics. For more information or to register, please visit the NBI website.

    About Victor Elgort

    Elgort often speaks at seminars on structuring complex LLC and partnership transactions. He is Chair Emeritus of the firm’s Tax Group, practicing out of all three Norris McLaughlin 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 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 topics such as “LLCS: Beyond the Basics,” “LLC Business Law Bootcamp,” “LLCs: Advising Small Business Start-Ups and Larger Companies in New Jersey,” “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 high honors from Rutgers University, his J.D. with honors from Cornell University, and his LL.M. in Taxation from New York University. He 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.

    Posted in: Business Law, News | Tags: ,

  • Nov 04, 2019Victor Elgort to Present on LLCs From Start to Finish for National Business Institute

    Victor S. Elgort, a Member of law firm Norris McLaughlin, P.A., will speak at the National Business Institute’s seminar, “LLCs From Start to Finish,” in Cherry Hill this month.

    About the Presentation

    “As an active member and contributor to the Institute, I am proud to once again present at a continuing education seminar hosted by NBI,” stated Elgort. He will lecture principally on “LLC or S-Corp Tax Considerations” and “How to Draft the LLC Operating Agreement,” focusing on formation issues, self-employment tax issues, qualified subchapter s subsidiaries, formation provisions, and more.

    The two-day seminar, approved for 14.40 NJ and 14 NY CLE credits, 12 PA CLE credits, and 14 CPE credits, will be held Monday, November 4 to Tuesday, November 5, at the Holiday Inn Philadelphia-Cherry Hill. For more information or to register, please visit the NBI website.

    About Victor Elgort

    Elgort often speaks at seminars on structuring complex LLC and partnership transactions. He is Chair Emeritus of the firm’s Tax Group, practicing out of all three Norris McLaughlin 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 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 topics such as “LLCS: Beyond the Basics,” “LLC Business Law Bootcamp,” “LLCs: Advising Small Business Start-Ups and Larger Companies in New Jersey,” “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 high honors from Rutgers University, his J.D. with honors from Cornell University, and his LL.M. in Taxation from New York University. He 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.

    About Norris McLaughlin

    At Norris McLaughlin, over thirty business law attorneys spend all or most of their time in a variety of specialties within their field. The range of clients is broad, as are the legal services that the firm provides to them.

    Posted in: Business Law, News, Victor S. Elgort | Tags: ,

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