Apr 1, 2009 | Lead Articles, Number 3, Print Edition, Volume 42
Symposium—Limited Liability Companies at 20 Viewing the title of this Symposium and, in particular, its cadre of famous authors, one is inclined to ask: what is special about the twenty-year-old limited liability company business form to draw such talent to Boston...
Apr 1, 2009 | Lead Articles, Number 3, Print Edition, Volume 42
Symposium—Limited Liability Companies at 20 Until the release of Revenue Ruling 88-76, only two states adopted limited liability company legislation, Wyoming in 1977 and Florida in 1982. In 1975, Alaska rejected adoption of the first limited liability company...
Apr 1, 2009 | Lead Articles, Number 3, Print Edition, Volume 42
Symposium—Limited Liability Companies at 20 In 1975, the Massachusetts Supreme Judicial Court decided what has since become an iconic case of the law of closely held corporations, Donahue v. Rodd Electrotype Company of New England, Inc. The company, Rodd Electrotype,...