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To embed, copy and paste the code into your website or blog: The Ohio General Assembly recently passed a new Ohio Limited Liability Company (“LLC”) Act to replace the original LLC Act passed in 1994. Formally known as the “Enact Ohio Revised Limited Liability Company Act” (the “Act”), the Act was signed into law by Governor Mike DeWine in early January 2021 and will go into effect on January 1, 2022. The intent of the Act is to make it easier to conduct business in Ohio. The Act was drafted with the assistance of the Ohio State Bar Association’s Corporate Law Committee and amends and restates the Ohio Revised Code to update and clarify Ohio’s approach to LLCs. Rather than further amend Chapter 1705, the Act creates a wholly new Chapter 1706. There are several important provisions in the Act that will interest those looking to form an LLC in Ohio or amend their existing domestic LLC. Below are some highlights of the Act:

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