Bill Text: CT HB07014 | 2015 | General Assembly | Introduced

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Bill Title: An Act Concerning A Study Of Establishing Series Limited Liability Companies In The State.

Spectrum: Committee Bill

Status: (Introduced - Dead) 2015-03-19 - Public Hearing 03/23 [HB07014 Detail]

Download: Connecticut-2015-HB07014-Introduced.html

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General Assembly		Raised Bill No. 7014
January Session, 2015		LCO No. 5206
		*05206_______JUD*
Referred to Committee on JUDICIARY
Introduced by:
(JUD)

AN ACT CONCERNING A STUDY OF ESTABLISHING SERIES LIMITED LIABILITY COMPANIES IN THE STATE.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

Section 1. (Effective from passage) The Secretary of the State, or the secretary's designee, in consultation with small business owners and attorneys with expertise in business and corporate law, shall study the feasibility of establishing series limited liability companies in the state. Such study shall examine the potential advantages and disadvantages to small business owners and the state through the establishment of series limited liability companies, and include, but not be limited to, start-up and administrative costs, tax and revenue implications and protection of assets. On or before February 1, 2016, the Secretary of the State, or the secretary's designee shall report on the results of such study, in accordance with the provisions of section 11-4a of the general statutes, to the joint standing committee of the General Assembly having cognizance of matters relating to the judiciary.

This act shall take effect as follows and shall amend the following sections:
Section 1	from passage	New section

Statement of Purpose:

To study the establishment of series limited liability companies in the state.

[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.]