News & Analysis as of

New Legislation Business Formation Operating Agreements

Clark Hill PLC

Can you eliminate fiduciary duties in a Texas LLC?

Clark Hill PLC on

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

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

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