Thursday, December 22, 2011

Special Rules for Regulated Professionals

By: Milt Thompson
BleekeDillonCrandall Attorneys

The Indiana Act makes few special provisions for professional limited liability companies. This section should be seen as augmenting the above general discussion of Indiana LLC law.

Except for the provisions in the Indiana Act concerning personal liability of members, managers, employees, and agents, that Act does not restrict or limit the authority and duties of licensing authorities who regulate the provision of professional services. Similarly, the law applicable to the relationship between a person rendering professional services and a person receiving them is not altered. A person’s acts or omissions subject that person to whatever legal consequences are otherwise applicable, notwithstanding that person’s status with regard to membership in, or management of, an LLC.

The Act permits professionals to practice as LLCs to the extent the applicable licensing authority permits such practice. The Indiana licensing authority must comply with proper administrative provisions as outlined in I.C. 23-1.5. Under Indiana law, a professional corporation may be formed to render professional services. The law specifically allows for the corporation of accountants, architects, attorneys, health care providers, veterinarians, and real estate professionals.

Monday, December 12, 2011

Chief Justice Shepard Retires from Indiana Supreme Court

By: Chris Simpkins
BleekeDillonCrandall Attorneys

Chief Justice Randall T. Shepard began his position on Indiana’s highest court at the young age of 36. He was subsequently elevated to the position of Chief Justice a mere two years later at the age 38. At that time, he was the nation’s youngest chief justice. Now, after serving over twenty-five years and championing such efforts as modernizing the state’s court system and local government reform, Chief Justice Shepard has decided to retire from the court at the age of 64.

Governor Mitch Daniels issued this statement regarding Chief Justice Shepard: "Most Hoosiers recognize the historic place Randy Shepard will always hold in Indiana judicial history. What fewer people may know is there is no more nationally respected Supreme Court judge in any state in America, and this has been so for a very long time.”

The Indiana Judicial Nominating Commission is now tasked with finding Chief Justice Shepard’s successor, with interviews scheduled to begin in February of 2012. Governor Daniels will then choose a replacement from the Commission’s recommendations.