Comparing and Contrasting Relevant Texas and Delaware Statutes
Texas is becoming an increasingly popular destination for businesses choosing to form an LLC. In this continuing legal education (CLE*) credit-eligible program, we’ll highlight some meaningful differences between Texas and Delaware business entity law and demonstrate how practitioners must be wary of these key differences through a study of relevant statutes and cases. Join Byron F. Egan and William H. Hornberger, partners in Jackson Walker LLP in Dallas, as wediscuss some of the distinctive aspects of LLC laws, including certain fundamental provisions of Texas Business Organizations Code (BOC) and the Delaware Limited Liability Company Act. We’ll also cover relevant Texas and Delaware cases and applicable federal, Texas, and Delaware tax considerations. Mr. Egan is the principal author of “EGAN ON ENTITIES: Corporations, Partnerships and Limited Liability Companies in Texas,” a CSC publication, to which Mr. Hornberger contributed the federal tax discussions. Topics to be discussed include:
- Differences in the court structures of Texas and Delaware
- Texas and Delaware fiduciary duties, applicable cases, and relevant statutes
- Dissimilarities as they apply to mergers and acquisitions
- Entity formation and implications of federal and state taxes
Attendees will leave the program with a better understanding of the meaningful differences between Texas and Delaware business entity law, with a particular focus on implications of LLC statute and case law differences. Attendees can expect to leave with a better understanding of these considerations.
*CLE is approved or in the process of approval for 60 minutes of CLE credit. The type of credit allowed will be determined by the state governing MCLE Board. CLE credit is provided by Lexis Nexis, CSC’s publications partner.