More Ways to Protect LLC Owners and Preserve LLC Flexibility

15 Pages Posted: 5 Feb 2018 Last revised: 14 Aug 2019

See all articles by Peter Molk

Peter Molk

University of Florida Levin College of Law

Date Written: January 26, 2018

Abstract

This online companion to Protecting LLC Owners While Preserving LLC Flexibility considers several alternative approaches that might unify LLCs’ twin goals of owner protection and governance flexibility. I examine self-regulation, private certification, investor-led market forces, lawyers in their gatekeeping capacity, and mandated disclosure systems. Ultimately, each of these alternatives proves less satisfying than a system that bifurcates LLC law based on the presumed sophistication of LLC owners.

Keywords: LLC, Regulation, Certification, Disclosure, Gatekeepers

Suggested Citation

Molk, Peter, More Ways to Protect LLC Owners and Preserve LLC Flexibility (January 26, 2018). 51 UC Davis Law Review Online 181 (2018). Available at SSRN: https://ssrn.com/abstract=3110916

Peter Molk (Contact Author)

University of Florida Levin College of Law ( email )

P.O. Box 117625
Gainesville, FL 32611-7625
United States

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