Can members and managers of an Illinois LLC still operate confidently knowing they may no longer be immune to liability under the recent changes to the law? In this article, we discuss how the Illinois LLC Act was amended effective January 1st, 2020, and answer the following questions: how was tort liability handled for Illinois LLCs before 2020?, how is tort liability handled for Illinois LLCs in 2020?, and what does this ultimately mean for members and managers of an Illinois based LLC? Read the full article here: https://www.oflaherty-law.com/learn-about-law/2020-brings-big-liability-change-to-illinois-llc-act
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Can members and managers of an #Illinois #LLC still operate confidently knowing they may no longer be immune to liability under the recent changes to the law? In this article, we discuss how the #Illinois #LLC Act was amended effective January 1st, 2020, and answer the following questions: how was #tort liability handled for Illinois LLCs before 2020?, how is tort liability handled for Illinois LLCs in 2020?, and what does this ultimately mean for members and managers of an Illinois based LLC?