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Limited Liability Company (LLC) New Amendments

Butler Snow LLP

Turtles All the Way Down? New Amendment Requires Disclosure of Ultimate Ownership of LLCs

Butler Snow LLP on

Whether representing a plaintiff determining where to file a lawsuit or a defendant evaluating whether it can remove a state action to federal court, lawyers are often tasked with determining the citizenship of a party that...more

McDermott Will & Emery

2021 Amendments to Delaware Entity Statutes

Certain amendments to the Delaware Limited Liability Company Act (DLLCA), the Delaware Revised Uniform Limited Partnership Act (DRULPA), the Delaware Revised Uniform Partnership Act (DRUPA) and the Delaware General...more

Holland & Hart LLP

SEC Expands Pool of Eligible Private Offering Participants

Holland & Hart LLP on

On August 26, 2020, the Securities and Exchange Commission (the "SEC") adopted amendments to update and expand the definitions of "accredited investor" and "qualified institutional buyer." As a result of the new categories of...more

Troutman Pepper

Amendments to Delaware Alternative Entity Acts Enacted

Troutman Pepper on

On August 1, several amendments to the Delaware Revised Uniform Limited Partnership Act, 6 Del. C. §§ 17-101, et seq. (DRULPA), and the Delaware Limited Liability Company Act, 6 Del. C. §§ 18-101, et seq. (DLLCA)...more

Carlton Fields

Expansion of Fiduciary Duties Will Impact Florida LLCs – Is it Time to Update Your Operating Agreement?

Carlton Fields on

Amendments to the Florida Revised Limited Liability Company Act go into effect on July 1, 2015. It governs all limited liability companies in the state of Florida. Effective July 1, 2015, the Act was amended, in part, to...more

Carlton Fields

Montana Law Revised To Allow Captives To Organize As Limited Liability Companies

Carlton Fields on

On April 28, 2015, Montana Governor Steve Bullock signed into law amendments to Montana’s law regarding captive insurers. Significantly, the amendments make it possible for public entities in Montana to set up captives....more

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