Why All California LLCs Need a Written Operating Agreement – On January 1, 2014, California threw out its prior LLC law and replaced it with the California Revised Uniform Limited Liability Company Act (California RULLCA). Effective January 1, 2016, California made changes to its RULLCA. The Bipartsan Budget Act of 2015 made changes to partnership tax audits and partnership tax law that affect all LLC taxed as a partnership. EVERY California LLC regardless of when it was formed needs an Operating Agreement that is drafted to comply with RULLCA and the Bipartsan Budget Act.
California LLC Statement of Information – All new California LLCs must file this form not later than 90 days after the LLC was formed. If you hire us to form your CA LLC we will file the Statement of Information for you.
California LLCs & Securities Laws – If your California LLC is manager managed and has more than one member (other than a two member LLC owned by a married couple) it may be issuing a security in which case it must comply with federal and California securities laws.