On February 21, 2017, Act 2016-170 (commonly known as House Bill 1398) went into effect. The Act is a comprehensive revision of Pennsylvania law on partnerships and limited liability companies (LLCs). This Act amends Title 15 (Corporations and Unincorporated Associations) and Title 54 (Names) to replace the law governing limited liability partnerships, general partnerships, limited partnerships, and limited liability companies, as well as to make conforming changes regarding the names of business associations. The full text (115 pages) of 2016 Act 170 is available at http://www.legis.state. pa.us/cfdocs/legis/li/uconsCheck. cfm?yr=2016&sessInd=0&act=170 or short URL https://goo.gl/Fs4J07.
To read my full article see: https://www.pabar.org/pdf/Spring%202017.pdf
Desire more specific assistance regarding your business formation, agreements, intellectual property, trademarks, zoning, real estate law, cyber security, insurance, etc., contact attorney Jeffrey A. Franklin at Prince Law Offices, P.C.