Uniform Limited Liability Company Act, or ULLCA

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.

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