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Connecticut Limited Liability Act for LLC's revised effective 7-1-17

Posted by John Sweeney | May 01, 2017 | 0 Comments

The Connecticut law governing LLC's has had a major revision and it is effective July 1, 2017.

This is the first revision of the Connecticut Limited Liability Company Act since its passage in 1993. The new law is called the Connecticut Uniform Limited Liability Company Act.  (HB 5259). It is modeled after the Revised Uniform LLC Act issued by the American Bar Association which means it is well drafted and thought out. 

The Act is updates the law in many ways and creates a more business-friendly legal environment for LLCs.  It requires LLC's which render professional services to have PLLC in the name.  The Act supersedes the current LLC law, but it does not affect actions taken before the effective date of the current law.

If you have an existing LLC, you do not need to do anything since they are all grandfathered but this law will modernize Connecticut law on LLC's going forward.  

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John Sweeney

John is an experienced lawyer who helps you solve your problems. He practices Elder, Wills, Estates, Trusts, Special Needs, Business, & Tax Law in Fairfield County CT and Westchester County New York. He brings a wealth of experience in law, business, tax, insurance, and finance to arrive at practical solutions with compassion and care. Honest, direct and practical, he is focused on you and your problems. He also brings a wealth of personal experience from his own large family and aging parents.

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Elder, Wills, Estates, Trusts, Special Needs Tax & Business Law; Attorney John Sweeney

Sweeney Legal, LLC, provides legal, practical, and business counsel to Seniors, families, and businesses in the Fairfield, Connecticut area, including the communities of Bridgeport, Bethel, Brookfield, Danbury, Darien, Easton, Fairfield, New Canaan, Newtown, Norwalk, Redding, Ridgefield, Stamford, Weston, Westport and Wilton. John is also licensed in New York serving Westchester County including the towns of Bedford, Lewisboro, Mount Kisco, North Salem, Pound Ridge, and Somers.

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