Apr 1, 2009 | Lead Articles, Number 3, Print Edition, Volume 42
Symposium—Limited Liability Companies at 20 The purpose of this essay is to analyze the question of whether there is, or should be, a single theory for interpreting and understanding the limited liability company (LLC). Should is the epitome of a normative question...
Apr 1, 2009 | Lead Articles, Number 3, Print Edition, Volume 42
Symposium—Limited Liability Companies at 20 The acceptance of the limited liability company (LLC) in 1998 afforded business owners and their advisors with a more straight-forward and flexible way of doing business than was available at that time. Two decades ago,...
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
When Justice Samuel Alito agreed with other members of the Supreme Court that a school principal could constitutionally prohibit a student from holding up a sign with the words “Bong Hits for Jesus,” he thought that the prohibition was limited to speech about illegal...
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,...