Assembly Bill 837 (Act 295) signed by the governor March 30, published March 31 and effective July 1 governs the creation and operation of partnerships including limited liability partnerships (LLPs) effective July 1, 2018. Partnerships may elect to be governed by the new law earlier than June 1, 2018 and may choose to continue to be governed by prior law until July 1, 2018.
April 13, 2016