Limited Liability Act

News & Analysis as of

2015 Legislative Changes to Florida's Limited Liability Company Act

During the 2015 legislative session, the Florida legislature adopted amendments to Chapter 605 of the Florida Statutes. Chapter 605 is the Florida Revised Limited Liability Company Act (Florida Revised LLC Act). The bill...more

Update of California Statutory Law – The California Revised Uniform Limited Liability Company Act – Lenders and Borrowers Beware

The California legislature recently enacted the California Revised Uniform Limited Liability Company Act which made some important changes to existing California law affecting both lenders and limited liability company...more

Florida Revised Limited Liability Company Act: Management

As described generally in our recent article “Florida’s New Revised Limited Liability Company Act”, the Florida legislature passed the new Florida Revised Limited Liability Company Act (the “New Act”) which becomes effective...more

Revised Florida Limited Liability Company Act Becomes Law

On Friday, Governor Rick Scott signed the Revised Florida Limited Liability Company Act into law. ...more

Florida Legislature Passes New Revised Limited Liability Company (LLC) Act

The New Florida LLC Act is Coming Soon - On May 3, 2013, as the last piece of legislation to be enacted this session, the Florida House of Representatives unanimously passed the new Florida Revised Limited Liability...more

Bill Would Mandate Indemnification Of LLC Agents

California’s current limited liability act permits indemnification of any person (including any manager, member, officer, employee, or agent of the limited liability company) against judgments, settlements, penalties, fines,...more

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