A business owner in Louisiana who wishes to dissolve his or her non-operating LLC may run across information demonstrating how to dissolve the LLC with the Louisiana Secretary of State using an affidavit provided by the Secretary of State. Although this can be a valid method of dissolving an LLC, business owners should beware that
Louisiana business
Governor Edwards Issues Proclamation Addressing Shareholder Meetings During COVID-19 Public Health Emergency
By Ben Jumonville on
Posted in Business and Corporate, COVID-19
On March 26, 2020, Governor John Bel Edwards issued Emergency Proclamation 37 JBE 2020 (the “Proclamation”) providing certain measures intended to aid Louisiana businesses in navigating the COVID-19 pandemic, including a temporary suspension of the statutory requirement that Louisiana corporations notice and hold annual and special shareholder meetings at a physical location.
Generally,…
Louisiana Business Corporation Act (LBCA) Replaces Louisiana Business Corporation Law
By Matthew Meiners on
Effective January 1, 2015, the Louisiana Business Corporation Law was replaced in its entirety by the new Louisiana Business Corporation Act (LBCA). Here are some of the highlights of the changes effected by the LBCA:
- New Remedy for Oppressed Shareholders – Buyout. If a corporation engages in oppression of a shareholder, the shareholder may withdraw
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