PB Real Estate, Inc. v. DEM II Properties

Opinion

SHEA, J.

The Connecticut Limited Liability Company Act, General Statutes §§ 34-100 to 34-242, inclusive, was adopted in 1993 and is generally similar to the model act promulgated in 1995 by the Uniform Laws Commissioners. “The allure of the limited liability company is its unique ability to bring together in a single business organization the best features of all other business forms—properly structured, its owners obtain both a coiporate-styled liability shield and the pass-through tax benefits of a partnership.” Uniform Limited Liability Company Act, prefatory note, 6A U.L.A. 426…