2014 Amendments to Delaware’s Alternative Entities Legislation
August 2014
Publication| Limited Liability Company & Partnership Advisory
The Delaware General Assembly recentlyenacted legislation amending the DelawareLimited Liability Company Act (LLC Act), theDelaware Revised Uniform Limited PartnershipAct (LP Act) and the Delaware Revised UniformPartnership Act (GP Act and collectively with theLLC Act and the LP Act, the Alternative EntityActs). The following is a brief summary of someof the more significant amendments that affectDelaware limited liability companies (DelawareLLCs), Delaware limited partnerships (DelawareLPs) and Delaware general partnerships(Delaware GPs and collectively with DelawareLLCs and Delaware LPs, Alternative Entities).