News & Analysis as of

Limited Liability Company (LLC) Proposed Legislation

Arnall Golden Gregory LLP

Restructuring Roundup - October 2021

Industry News - Washington Prime Group Announces Successful Completion of Financial Restructuring...   J&J is using a bankruptcy maneuver to block lawsuits over baby powder cancer claims...more

Kramer Levin Naftalis & Frankel LLP

Proposed Tax Law Amendments and Tax Increases May Impact Private Equity and M&A Deals

The House Ways and Means Committee recently released legislative proposals as part of the “Build Back Better” reconciliation legislation that the committee is currently developing (the Proposed Legislation). The Proposed...more

Flaster Greenberg PC

House Tax Bill: What You Need To Know

Flaster Greenberg PC on

The House of Representatives Joint Committee on Taxation released its highly anticipated synopsis of the colloquial “tax bill.” Bill JCX-43-21 is the latest piece of legislation in a flurry of recent legislative activity...more

Patton Sullivan Brodehl LLP

A Curb on LLC Form Filing Shenanigans?

In California, all LLCs are required to periodically file a Statement of Information with the Secretary of State.  The Statement of Information is posted to the Secretary of State’s website, and can be accessed by the public...more

Mitchell, Williams, Selig, Gates & Woodyard,...

Voluntarily Dissolved Business Entities/Environmental Claims: Oregon Legislation Revises Time Limitations to Pursue Insurance...

The Oregon Legislature enacted legislation that would allow the pursuit of claims against insurance policies of dissolved corporations or limited liability companies for a time period beyond time limitations that otherwise...more

Latham & Watkins LLP

Decentralized Autonomous Organizations Find a Home in Wyoming

Latham & Watkins LLP on

The State of Wyoming is solidifying its position as the friendliest state in the US for digital asset innovation. Although comprehensive digital asset regulation at the federal level remains elusive, US states are angling to...more

Allen Matkins

Bill To Allow LLC Real Estate Broker's License Is Not Dead Yet

Allen Matkins on

Nearly one year ago, I wrote that Assembly Member Tom Daly had introduced legislation that would allow limited liability companies to obtain a real estate license. Action on the bill stalled out last April and the bill would...more

Allen Matkins

Legislature To Consider Authorizing Real Estate Broker Licenses To LLCs

Allen Matkins on

In California, real estate broker licenses are currently issued only to individuals and corporations. Limited liability companies need not, indeed may not, apply. This is a result of a compromise that was reached when...more

Skadden, Arps, Slate, Meagher & Flom LLP

New York State Bill to Close ‘LLC Loophole’ Awaits Governor’s Signature

On January 14, 2019, the New York state legislature passed A. 776 (the bill), which is designed to close the “LLC loophole” in state campaign contribution laws that treats LLCs as individuals, rather than corporations. New...more

Holland & Knight LLP

West Coast Real Estate Update - September 2018

Holland & Knight LLP on

Title Insurance Firms Paying Close Attention to Latest Measure Imposing Russian Sanctions - The Defending American Security from Kremlin Aggression Act of 2018, a bipartisan bill introduced in the U.S. Senate last month,...more

Orrick, Herrington & Sutcliffe LLP

Credit Agreements Will Require Important Updates If a Proposed Delaware Law Is Passed

The Delaware legislature is currently contemplating an amendment to the Delaware Limited Liability Company Act that, if passed, would go into effect on August 1, 2018 and would allow Delaware limited liability companies to...more

Smith Anderson

Draft North Carolina Tax Legislation Released

Smith Anderson on

On April 11, 2018, the General Assembly’s Revenue Laws Study Committee released a draft tax bill for possible introduction in the legislative session that convenes May 16. This Alert provides a summary of the more important...more

Orrick, Herrington & Sutcliffe LLP

The Impact On U.S. Corporations If The House's "Tax Cuts And Jobs Act" Passes

We drafted a tax alert that addresses the impact of the much anticipated "Tax Cut and Jobs Act" (H.R. 1) on the taxation of U.S. Corporations. The complete text of the alert is available here. Below is a brief summary of H.R....more

Ballard Spahr LLP

The Corporate Transparency Act: A Proposal to Expand Beneficial Ownership Reporting for Legal Entities, Corporate Formation...

Ballard Spahr LLP on

In late June, Representatives Carolyn Maloney and Peter King of New York introduced The Corporate Transparency Act of 2017 (the “Act”). In August, Senators Ron Wyden and Marco Rubio introduced companion legislation in the...more

Burr & Forman

Beware the Default Provisions of the South Carolina LLC Act

Burr & Forman on

The current version of the South Carolina Limited Liability Company Act (the “LLC Act”) has seen very little revision since its passage in 1996. The Uniform Law Commission’s model act, on which the LLC Act is based, has...more

Payne & Fears

Utah 2017 Legislative Update – Employment Law Issues

Payne & Fears on

The 2017 session of the Utah Legislature produced few bills affecting employment law; but two bills recently signed by the Governor and one bill that was not passed this year may have an impact on Utah businesses....more

Porter Hedges LLP

Business Litigation Alert: "Will Texas Change the Recovery of Attorneys' Fees in 2017?"

Porter Hedges LLP on

The general rule in Texas is that litigants must pay their own attorneys’ fees. Texas only allows the recovery of attorneys’ fees where it is authorized by statute, called for in the contract between the parties, or – in rare...more

Allen Matkins

Contractors Do It, PIs Do It; Why Not Real Estate Brokers?

Allen Matkins on

Individuals and corporations, but not limited liability companies, may be licensed as real estate brokers under the California Real Estate Law. This is a result of a bargain reached when California’s enacted its first...more

Alston & Bird

Closing California’s Perceived Prop 13 Corporate Loophole

Alston & Bird on

SB 259, a bill that includes language to close the perceived loophole in the portion of Proposition 13 which governs “changes of ownership” in entities that own real property located in California, has been returned to the...more

Allen Matkins

Senator Introduces Bill To Allow LLCs To Be Licensed As Real Estate Brokers

Allen Matkins on

Section 17701.04(b) of the California Corporations Code provides: A limited liability company may have any lawful purpose, regardless of whether for profit, except the banking business, the business of issuing policies...more

Allen Matkins

What Vote Should Be Required To Pull The Plug On An LLC?

Allen Matkins on

There are three paths to dissolution under California’s Revised Uniform Limited Liability Company Act (RULLCA). First, an event of dissolution set forth in a written operating agreement or the articles of organization may...more

Troutman Pepper

Proposed Legislation Addresses Delaware’s LLC Default Fiduciary Duty Debate

Troutman Pepper on

On March 20, 2013, legislation proposing to amend the Delaware Limited Liability Company Act, 6 Del. C. §§ 18-101, et. seq. (DLLCA) was submitted to the Corporation Law Section of the Delaware State Bar Association. If the...more

22 Results
 / 
View per page
Page: of 1

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide