Posted In: Business Transactions & Corporate Counseling
Business Blog: Ohio's Revised LLC Act Effective January 1, 2022 - Issues for Existing Companies
By Louis P. Alexander Jr. & Molly Z. Brown on October 6, 2021
The changes brought by the Revised LLC Act should command the attention of all LLC owners as the statute will govern LLCs in Ohio, both domestic and foreign. LLC owners should revisit their current operating agreement to ensure compliance with the new statute....
Posted In: Business Transactions & Corporate Counseling
Business Blog: Corporate Formalities Matter… Even for Limited Liability Companies
By Louis P. Alexander Jr. on June 3, 2020
In a recent case, the Court of Appeals for Ohio's Third District (Hancock County) permitted a plaintiff to pierce the veil of a single-member limited liability company. The court's analysis in this case has underscored the importance of observing corporate formality, even for single-member limited liability companies....
Posted In: Business Transactions & Corporate Counseling and Coronavirus Resource Page
Business Blog: Main Street Lending Program Provides Critical Support for Mid-Sized Businesses
By Louis P. Alexander Jr. on April 17, 2020
On April 9, 2020, the U.S. Federal Reserve Bank (Federal Reserve) released new details regarding the Main Street Lending Program. Once opened, the program will extend much-needed government support to mid-sized businesses....
