SUPPLEMENT UPDATE: Texas Limited Liability Companies Under the Business Organizations Code: Forms and Practice Manual

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Bowers, Esq.; George W. Coleman, Esq.; Patrick L. O'Daniel, Esq.; Cliff Ernst, Esq.</a></span> <span class="IssuedDate">(2024)</span></div> </div> <p class="availability">Availability: In stock.</p> <div class="add-to-box">  <link rel="stylesheet" href="http://ajax.googleapis.com/ajax/libs/jqueryui/1.7.1/themes/blitzer/jquery-ui.css" type="text/css" />   <script type="text/javascript"> var $d = jQuery.noConflict(); </script> <script type="text/javascript" src="https://www.datatrace.com/js/jquery.easy-confirm-dialog.js"></script> <script type="text/javascript"> $d(function() { $d(".confirm").easyconfirm(); }); </script> <style type="text/css"> .ui-dialog { font-size: 14px; margin:0 auto; text-align:left; background:#e9eeeb;} .ui-dialog-content {padding:12px!important} .ui-dialog-title {color:#fff; font-weight:bold} .ui-dialog-titlebar {padding:4px} .ui-dialog-titlebar-close {float:right; color:#fff } body { font-family: Tahoma; /*font-size: 12px;*/ } #question { width: 300px!important; height: 60px!important; padding: 10px 0 0 10px; } #question img { float: left; 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padding: 20px 0;"><span style="font-size: medium;">Only Data Trace Publishing Company customers with a current subscription to this hard copy legal manual should use this portion of our site to pay for your recently received update.* Once payment is received, the corresponding legal manual forms may be downloaded to your computer.</span></p> <ul style="font-size: 11px;"> <li><span style="color: #ff0000; font-size: medium;">*Due to the electronic nature of our forms, we are unable to offer a refund once the forms are downloaded.</span></li> <li><span style="color: #ff0000; font-size: medium;">Note: The forms are licensed to a single individual book purchaser for his/her use only.</span></li> </ul> <p><span style="font-size: medium;">**If you have any questions regarding other payments, please contact a customer service representative for assistance:</span></p> <p><span style="font-size: medium;">Toll free phone: 1-800-342-0454</span></p> <p><span style="font-size: medium;">Email: info@datatrace.com</span></p> </div> </div> <div class="product-tabs-content" id="product_tabs_About Author_contents" style="font-size:.8em;"> <div class="box-collateral box-additional"> <p><strong>William P. Bowers, Esq.,</strong> is a shareholder in the Dallas office of law firm Fulbright & Jaworski L.L.P., where he specializes in federal income tax. Mr. Bowers is also an adjunct professor in the University of Texas School of Law and in the Masters of Tax Program at Georgetown University School of Law. He received his B.B.A. in Accounting from Texas A&M University; his J.D. from Southern Methodist University; and his LL.M. in Taxation from Georgetown University Law Center.</p> <p><strong>George W. Coleman, Esq.,</strong> is of counsel to Bell, Nunnally & Martin LLP. Mr. Coleman has extensive experience in structuring and negotiating complex business transactions and in negotiating complex partnership and LLC structures, including handling the acquisition and disposition of businesses, the financing of business activities, the creation of business entities, family succession planning, and assisting committees of boards of directors. He received his B.S. in Petroleum Engineering from the University of Oklahoma and his LL.B. from Southern Methodist University.</p> <p><strong>Patrick L. O'Daniel, Esq.,</strong> is a partner in the Austin office of law firm Fulbright & Jaworski, L.L.P., where he specializes in federal income tax. Mr. O'Daniel advises on a variety of international and domestic issues concerning the formation, operation, acquisition, merger, combination, liquidation and disposition of partnerships, limited liability companies, and corporations. He received his B.B.A. in Accounting from the University of Texas <em>(with highest honors) </em>and his J.D. from the University of Texas School of Law <em>(with high honors)</em>.</p> <p><strong>Cliff Ernst, Esq.,</strong> is a partner of the law firm McGinnis Lochridge LLP in Austin, Texas. Mr. Ernst received a B.A. in English from Oklahoma State University in 1975 and a J.D. from the University of Texas in 1978. Mr. Ernst was admitted to the State Bar of Texas in 1978. Mr. Ernst’s professional affiliations and activities include American Bar Association: Business Law Section; State Bar Association: Business Law Section; State Bar of Texas Legal Opinions Committee; Austin Bar Association: Business, Corporate and Tax Section; UT Law Continuing Legal Education, LLCs, LPs and Partnership; and Planning Committee Co-Chair (2014 to present).</p> <p><strong> </strong></p></div> </div> <div class="product-tabs-content" id="product_tabs_Table_of_Content_contents" style="font-size:.8em;"> <div class="box-collateral box-additional"> <p>Important features of this year's supplement include:</p> <ul> <li>New comprehensive survey of Texas common law regarding the fiduciary duties related to LLCs. This survey replaces the former chronological survey of the case law with a discussion focusing on: formal duties owed by governing persons to an LLC and to members of an LLC; duties owed by members to other members; duties arising from or impacted by governing documents; informal fiduciary duties; and recent trends. <li>Summary of recent legislative changes to the Texas Business Organization Code that impact LLCs <li>Recent court cases defining the term “limited partner” for purposes of Code Section 1402(a)(13) by reference to a functional analysis test </li> </ul> <p><b><i>AND NOW…. </i></b></p> <p><b><i>          Paying for your supplement update and accessing the forms just got easier!</i></b></p> <p><b>Pay online</b> <b>for your recently received supplement update using the "Add to Cart" button above, and</b> <b>then download and access all of the forms in digital format</b>. 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