By: Martin M. Shenkman, CPA, MBA, JD
A uniform act proposed for LLC laws. Many states have, or will eventually enact some version of this. Be careful not to assume that any particular state follows the ULLCA in all respects. There are often subtle, if not significant, differences between the statutes in different states, even where those statutes are based on the same uniform act.
Subscribe to our email list to receive information on consumer webcasts and blogs, for practical legal information in simple English, delivered to your inbox. For more professional driven information, please visit Shenkman Law to subscribe.