A regular meeting of the Connecticut Law Revision Commission Business and Professional Entity Forms Study Committee was held in Room 509A in the State Capitol Building in Hartford on September 17, 2001 at 4:00 p.m. Members present were: Representative James W. Abrams; Tonya Allen; William R. Breetz; David R. Chipman; Robert Dahn; Allan DeHar; Donald W. Doeg; Betsy Gara; Peter Gutterman; Christopher M. Haddad; Diane Harp Jones; Susan D. Giacalore; Stephen Latham; Eugene A. Marconi; Mary Anne O’Neill; Jo A. Roberts; Herbert J. Rosenfeld; Louis B. Schatz; Richard S. Smith, Jr.; and Diane Steir. Also present was David D. Biklen, Bud Buckner for Michael R. Redemske and Kathy Grega for Matthew Hallisey..

Ms Roberts opened the meeting and welcomed the members to the committee.

The members introduced themselves.

Ms Roberts informed the committee that the Law Revision Commission had been asked by the Judiciary Committee of the General Assembly to undertake a study of chapters 594a and 613 of the Connecticut general statutes pertaining to the formation of business and professional entities such as corporations, limited liability partnerships, limited liability companies and professional services limited liability companies, and make any appropriate recommendations for the revision of the relevant statutes.

Members of the committee discussed the relative advantages of the various business forms and generally agreed that the different forms should remain as alternatives for professionals wishing to create practices.

The members then discussed the public policy behind including or excluding certain professionals in the definition of "professional service" for purposes of the statutes. There was some discussion about whether the professional corporation and professional services forms of the limited liability company and the limited liability partnership were necessary, or whether professionals could simply form the same business entities as non-professionals, assuming that individual professionals maintained their professional liability.

The committee agreed that Ms Roberts would research the public policy for including certain professions in the definition of "professional service" and the legislative history of the inclusion of the listed professions in Connecticut’s statutes. Ms Roberts will then distribute the materials to the committee for its consideration.

There being no further business, the meeting was adjourned. The next meeting date is to be determined.

Respectfully submitted,

/S/

Jo A. Roberts
Reporter