LLC law is changing on January 1st. Is your LLC ready for the new year?

If you are a member or manager of an LLC you should know that California has adopted the California Revised Uniform Limited Liability Company Act (“RULLCA”, full text here leginfo.ca.gov) which replaces current LLC law.  RULLCA will take effect on January 1 and applies to all existing California LLCs and foreign LLCs registered with the Secretary of State.  RULLCA should bring California LLC law more in line with the Read More