The New Year brings corporate changes in several jurisdictions. The Washington Secretary of State launched a new filing system for corporate documents. It also changed the way it assigns filing dates. Filings are now given the date they are processed. Ensuring a specific filing date under the new system requires same day expedited processing.
In Louisiana, mandatory online filing of certain business documents for parishes with a population over 100,000 went into effect January 1, 2018. Entities domiciled in smaller rural parishes are excluded from this mandate.
Finally, the Tennessee Uniform Limited Partnership Act of 2017 became effective January 1, 2018. It governs LPs, LLLPs, and foreign LLPs created on or after January 1, 2018, and existing LPs formed under the Tennessee Revised Uniform Limited Partnership Act of 2001 that elect to be governed by the new act. The new law contains many substantive changes including altering the presumed term of a limited partnership from fifty years to perpetual duration and authorizing any lawful purpose for limited partnerships, regardless of whether for profit.
For more details or assistance with these new procedures, please contact our Corporate team.