Friday, May 2, 2008

Do Corporate Governance Procedures Apply to Indiana Limited Liability Companies?

Not a question that has come up in Indiana but has in Delaware. See LLC Not Subject to Corporate Governance Standards of Corporations.

From the description of Delaware law given in this post, I do not think there is any great difference with Indiana law. Which is why I when I have written here about limited liability companies I have emphasized the importance of the operating agreement.

If you are trying to start a LLC in Indiana, I am taking on new clients at this time.