It has been almost 18 years since the adoption of the Uniform Partnership Act (LLP) in California. Close to five years ago I addressed ambiguities in the legislation regarding extended reporting periods (tails) and possible consequences if those requirements were not met (Los Angeles Lawyer, February 2009). I am now wondering how often former partners in dissolved LLPs have been drawn into lawsuits involving an alleged, tortious former partner. Click here to read the full article I wrote about this subject.
Dan McKennaJD, RPLU - Principal