Nevada — Senate Bill 45, effective May 16, 2019, amends state business license requirements and LP, LLP, LLLP, business trust, professional entity and professional association record keeping requirements.
Federal — The Internal Revenue Service (IRS) has announced a change in the Employer Identification Number (EIN) application process. Effective May 13, 2019, an individual with a Social Security Number (SSN) or an Identification Number (ITIN) must be listed as the responsible party for the EIN applicant.
Virginia — Senate Bill 1272, effective July 1, 2019 amends provisions regarding the quorum required for a meeting of the board of directors of a bank.
Idaho — House Bill 191, effective July 1, 2019, amends provisions dealing with expedited filings.
Idaho — House Bill 84, effective July 1, 2019, amends provisions of the corporation law relating to, among other things, documents, notices and other communications, ratification of actions, householding, proxies, business opportunities, domestication, conversions, mergers, inspections and more.
Virginia — House Bill 2478, effective mostly July 1, 2019 (with some provisions effective July 1, 2020), updates and modernizes the Virginia Stock Corporation Act on issues including conversions, notices, ratification of defective acts, exclusive forum clauses, cumulative voting, derivative suits, judicial removal of directors, officer liability, activities that do not constitute doing business, and amendments.
Virginia — House Bill 1925 amends the law regarding assumed names to reflect that January 1, 2020, instead of May 1, 2019, is the date when certificates of assumed or fictitious name are to be filed centrally with the clerk of the State Corporation Commission rather than with the clerk of court.
New Mexico — Senate Bill 162, effective July 1, 2019, amends the Business and Nonprofit Corporation and LLC laws regarding information required to be set forth by dissolving or withdrawing entities in the dissolution or withdrawal documents.
Iowa — Senate File 569, effective July 1, 2019, amends the Limited Liability Company law to authorize LLCs to rescind a dissolution. The bill also enacts the Uniform Protected Series Act, effective July 1, 2020.