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Joshua Lloyd
over 1 year ago
Law Books
Law Books
Illinois Court Finds No Personal Liability for LLC Members if Operating Agreement Doesn't Include Personal Liability Provisions
By Eric Geringswald | CSC Illinois LLC Personal Liability An Illinois appellate court affirmed a circuit court's finding that members of an Illinois LLC could not be held personally liable for a money judgment owed by their company because the...
Joshua Lloyd
over 2 years ago
Law Books
Law Books
Illinois to allow reinstatement of terminated LLCs in 2022
By Eric Geringswald | CSC How Terminated Illinois LLCs can be Reinstated Illinois lawmakers have amended the state’s Limited Liability Company Act to allow LLCs to revoke the decision to terminate if done within 90 days after the effective date...