The Quarterly State Compliance Review surveyed legislation and case law affecting business entity law. The following is a summary of notable changes.
Piercing the veil disregards the corporation or LLC’s separate existence. Learn how this legal exception makes shareholders liable for the business’ debts.
Administrative dissolution is the loss of rights, powers, and authority of a corporation, LLC or other business entity. Learn how to avoid this process today.
Delaware — GR US Licensing, LP v. Seibel (In re GR Burgr, LLC), C.A. No. 12825, decided 8/23/17. The Delaware Chancery Court granted a petition to dissolve a Delaware LLC under Sec.
New Hampshire Senate Bill 18 amends the business corporation and LLC laws regarding foreign reinstatement.
Illinois has enacted sweeping changes to its Limited Liability Company Act, effective July 1, 2017. Read our summary of the key changes made by House Bill 4361.
Illinois House Bill 4361 substantially amends the LLC Act.