A new Ohio LLC statute will bring flexibility in structuring the management of a limited liability company formed in Ohio.
On August 6, 2021, the SEC issued an order approving the Nasdaq’s proposed rule requiring that each listed company have certain levels of board diversity or explain why it does not (the “Board Diversity Rule”).
In May 2021, we reported that the U.S. Senate had passed a joint resolution declaring the OCC’s “true lender” rule invalid. That resolution has since been passed by the House and, on June 30, 2021, was signed by President Biden.
When establishing or revisiting the management of your business organization or any private business organization you invest in, it is vital that you consider what duties the owners and managers of the business will owe to each other.
Tucker Ellis represented Ampex Brands – a Yum! Brands Inc. and 7-Eleven franchisee with more than 400 Pizza Hut, KFC, Taco Bell, Long John Silver's and 7-Eleven locations – in its June 29 acquisition of bakery-café chain Au Bon Pain from Panera Bread.
Several years ago, Employee Stock Ownership Plans (ESOPs) were the underused gems of the Employee Retirement Income Security Act of 1974 (ERISA). An ESOP enables owners to sell a portion or all of their stock to a trust for the benefit of the employees. Each employee has an account that holds company stock, and at retirement the employee receives the value of that company stock.
Members of the Tucker Ellis Ohio corporate team have authored the Chambers USA overview for Corporate/M&A (Ohio: North).
In the first of four rankings to be released, IFLR1000, the guide to the world's leading financial and corporate law firms and lawyers, has ranked Tucker Ellis in its 31st edition in the area of Banking (United States Regional: Ohio).
Tucker Ellis represented DJO, LLC, a subsidiary of Colfax Corporation (NYSE: CFX), a leading global provider of medical technologies, in its acquisition of MedShape, Inc., a privately held orthopedic medical device company.
Beginning January 1, 2022, a limited liability company formed in Ohio can be organized as a series LLC.