Business Law Legal Topics

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.

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