(5)
|
An update on LLC Act and Discussion Regarding Corporate Transparency Act -The Louisiana legislature instructed the Corporations Committee of the Louisiana State Law Institute to review the state’s limited liability company law and recommend appropriate changes. This multi-year project began at the end of 2017, was on hiatus during the height of the pandemic, and has recently resumed regular activity. This outline describes decisions made by a drafting committee of the Louisiana State Law Institute in the work the committee has done so far. But much work remains, and all the committee’s work is subject to approval and amendment by the Council of the Law Institute. This presentation is merely a snap-shot of where the revision project stands today. Disclaimer: The LSBA’s inclusion of a program in its CLE programming is not to be deemed a statement or an endorsement of the views expressed therein by the LSBA or any member of the LSBA. Speakers on LSBA programs were carefully selected for their knowledge, but neither the LSBA nor the speaker warrant that the presentations or materials were free of errors or will continue to be accurate. Statements in the presentations and their materials should be verified before relying on them. Opinions expressed are those of the speakers and do not necessarily reflect opinions of the LSBA, its sections, or committees. Views expressed are those of the authors and contributors only.