Limited Liability Partnerships Take Note: The Forms They Are A-Changin’

Governor Schwarzenegger signed Senate Bill 1008 on September 30, 2010 (effective immediately), which adds to the short list of licensed professionals allowed to form limited liability partnerships (LLPs) in California. Licensed engineers and land surveyors are now authorized to form/register a LLP (until January 1, 2016). The relevant LLP forms were revised to include these professions.

In addition, California’s Secretary of State has revised several LLP forms effective October 2010 to be single-sided and include simplified language, minimal filing instructions, and a link to a new Limited Liability Partnership Filing Tips webpage

For more information on LLPs, check out Advising California Partnerships, chaps 9-10 (3d ed Cal CEB 1999) and Selecting and Forming Business Entities, chap 7 (2d ed Cal CEB 2007). On licensing of engineers and land surveyors, go to Professional Licensing: Disciplinary Practice in California, chap 14 (Cal CEB 2008).

© The Regents of the University of California, 2010. Unauthorized use and/or duplication of this material without express and written permission from this blog’s author and/or owner is strictly prohibited.

One Response

  1. Is there anything new about forming collectives or co-operatives or non-profit organizations that you know of?

Add your comment to the blog post

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: