Limited Liability Company (LLC), Public Benefit Corporation

Public Benefit Corporations and the ESG Movement

White and Williams LLP on 9/24/2020

My colleague, John McCarrick, an expert on director and officer responsibility, recently gave a talk about emerging issues in D&O liability and discussed the impact of the ESG movement. ESG is an acronym for Environmental,...more

2019 Amendments Affecting Delaware Alternative Entities

K&L Gates LLP on 8/2/2019

Important amendments to Delaware’s alternative business entity statutes, namely, the Delaware Revised Uniform Partnership Act, 6 Del. C. § 15-101, et seq. (“DRUPA”), the Delaware Revised Uniform Limited Partnership Act, 6...more

Introducing the Public Benefit LLC

MoFo Impact on 6/18/2019

Four years after Delaware first enacted its Public Benefit Corporation (PBC) statute, the state has taken another step forward in advancing legal entity forms for social enterprises. In August, Delaware added a new legal...more

Delaware Considers New Statutory Public Benefit Limited Liability Company

MoFo Impact on 6/5/2018

In April 2018, the Delaware State Bar Association’s Corporate Law Section approved an amendment to the Delaware Limited Liability Company Act that allows for the formation of public benefit limited liability companies...more

When and How to “B” – Responsible B Corp Conversion

MoFo Impact on 12/1/2017

There continues to be a lot of press around B Corps—not surprising given the marketing expertise of the B Lab founding team and the staff that it has hired. More importantly, the B Corp movement has been embraced by an...more

2013 Changes to Delaware Corporate and LLC Law

Akin Gump Strauss Hauer & Feld LLP on 12/20/2013

In this alert we summarize the most important recent additions and amendments to the Delaware General Corporation Law (the “DGCL”) and the Delaware Limited Liability Company Act (the “DLLCA”). These changes include...more