Learn why every California LLC should have a written Operating Agreement signed by all members. California LLCs formed before January 1, 2014, need an Operating Agreement drafted for California’s new LLC law that became effective on that date.
If you are a California resident and own an interest in a valuable California LLC your failure to have a trust own the LLC may require your family to spend thousands or tens of thousands of dollars for a California probate after you die.
If you don’t have a Will or a trust that states who inherits your assets when you die the law of your state of residence determines who inherits your assets. Learn who would inherit your assets under California law if you die without a Will or a trust.
On January 1, 2014, California entirely replaced its LLC law with the California Revised Uniform LLC At. RULLCA was amended effective January 1, 2016. Learn the major changes made to California’s LLC law.
Every new California LLC must file a Statement of Information with the California Secretary of State within 90 days of formation or pay a $250 fine. When prepare this form when we are hired to form a California LLC.