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New Year, New Laws Affecting Limited Liability Companies

January 2, 2014, San Luis Obispo – Ringing in the New Year this January will bring significant changes in the way many limited liability companies (LLCs) in California are required to operate. On January 1, 2014, the California Revised Uniform Limited Liability Company Act (RULLCA) takes effect – bringing California’s LLC laws more in line with those of other states.

Chaptered into law in September 2012, the RULLCA is a revision of former laws governing LLCs, which clarifies and further defines rules on the formation and operation of LLCs. One of the major goals is to make it easier for multi-state businesses

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