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New Legislation Business Formation

Clark Hill PLC

Can you eliminate fiduciary duties in a Texas LLC?

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Bottom Line: Yes, as of May 14, 2025, members of a Texas LLCs can now eliminate fiduciary duties through their company agreements (aka “operating agreements”), thanks to a crucial amendment that added the word “eliminate” to...more

Jones Day

Texas Enacts Business-Friendly Reforms in Bid to Dethrone Delaware’s Corporate Dominance

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The Texas Legislature recently has taken Texas-sized steps intended to make the state a more attractive place for companies to form, reincorporate, or relocate, further advancing Texas’s efforts to rival Delaware as a...more

Fisher Phillips

Will Florida’s New Non-Compete Bill Attract Tech Companies to the Sunshine State? A Thought Experiment

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Florida just enacted a game-changer of a law that makes it the friendliest state in the country for enforcing non-competes – and could also revolutionize how tech companies view the Sunshine State as a place to set up...more

Holland & Knight LLP

Florida Passes New Protected Series LLC Legislation

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The Florida Legislature passed CS/SB 316 and CS/HB 403 to add Protected Series LLC provisions to the Florida Revised Limited Liability Company Act, aligning with the Uniform Protected Series Act. This makes Florida one of the...more

Saul Ewing LLP

Delaware’s Updated Trade Name Registration Process

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On February 7, 2025, Delaware Governor Matt Meyer signed into law Delaware House Bill 40 (“HB 40”), which amends Chapter 459, Volume 84 of the Laws of Delaware and Titles 6, 29 and 30 of the Delaware Code relating to the...more

DarrowEverett LLP

Venture Capital Firms Face New Reporting Requirement With California Law

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Over three and a half years since the death of George Floyd spurred some members of the venture capital community to enact promises to increase their investments in diverse entrepreneurs, California has enacted legislation in...more

Foley Hoag LLP - Cannabis and the Law

New Jersey Cannabis: Drastic Expansion in License Ownership Rights

Both Houses of the New Jersey Legislature just passed a law that would allow anyone – including operators already holding other licenses in the State of New Jersey – to obtain ownership in up to seven (7) diversely-owned...more

Polsinelli

Utah Passes Innovative DAO Legislation

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On March 1, 2023, the Utah Legislature passed HB 357, the “Utah Decentralized Autonomous Organizations” Act (the “Utah DAO Act”). This was a combined effort of the Utah Legislature’s Blockchain and Digital Innovation Task...more

Keating Muething & Klekamp PLL

Revised Ohio LLC Statute

The Ohio Revised Limited Liability Company Act (“LLC Act”) took effect on February 11, 2022, and now governs all limited liability companies formed under Ohio law. The LLC Act replaced Chapter 1705 of the Ohio Revised Code...more

Carlton Fields

Georgia Revamps Law Governing Captive Insurance Companies

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Significant changes to Georgia law governing captive insurance companies took effect on July 1, 2017. The changes relate to the permitted corporate structure of captive insurance companies, new restrictions on risks that may...more

Ward and Smith, P.A.

New NC Legislation Creates Central Registry for Assumed Business Names

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This past week, the North Carolina General Assembly adopted a bill to streamline the process for filing assumed business names (more commonly known as "D.B.A.s")....more

Brownstein Hyatt Farber Schreck

2013 Nevada Business Entities Law Update

The 77th Nevada Legislature has adopted several amendments to Nevada’s business statutes affecting Nevada corporations and limited liability companies (LLCs). The amendments to Nevada Revised Statutes (NRS) Chapter 78...more

Foley Hoag LLP

Delaware Enacts Benefit Corporation Legislation

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On July 17, 2013, Delaware Governor Jack Markell signed into law legislation enabling the formation of public benefit corporations in Delaware. In doing so, Delaware became the 19th state to enact this type of legislation;...more

Jackson Walker

Legislative Update: Business Law

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I. GENERAL. A. Introduction. In selecting a form of business entity in Texas the organizer or initial owners can consider the following five business entity forms: • Corporation • General Partnership...more

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