Two states (Alabama and California) have new business entity laws taking effect during the month of January. Please see below for summaries of the laws that will go into effect at the first of the new year.
ALABAMA
Effective Date: January 1, 2017
Entities Affected: Limited Partnerships
House Bill 202, effective January 1, 2017, repeals the current limited partnership law and enacts a new Alabama Limited Partnership Law, affecting all aspects of that business entity type in Alabama. View the bill text.
CALIFORNIA
Effective Date: January 1, 2017
Entities Affected: LLCs
Assembly Bill 1722, effective January 1, 2017, amends the LLC law regarding requirements for authorizing dissolution. View the bill text.
Effective Date: January 1, 2017
Entities Affected: Corporations and LLCs
Senate Bill 1171, effective January 1, 2017, enacts non-substantive amendments to the corporation and LLC laws. View the bill text (see Secs. 47–49 of Bill).
Unsure of how these new laws may affect an upcoming project? The corporate filing experts at CLAS have the experience, knowledge and resources to guide you through even the most complex business filing transactions. To reach a Service Representative, contact CLAS at 800.952.5696 or email us at connect@clasinfo.com!
We’re here to help! For questions about how these legislative changes may affect you or your clients, or to initiate a service request, contact CLAS at 800.952.5696 or connect@clasinfo.com. Or, simply click on Contact CLAS, a CLAS representative will get back to you shortly.
For informational purposes only; content does not constitute legal advice.