The following is a guest blog post by Michael J. Thomas, a solo practitioner and founder of Creative Vision Legal, a Bay Area law firm offering legal services tailored to artists, musicians, and small business owners.
Finally, there’s been a case that substantively interprets California’s new LLC law, RULLCA. The case highlights a key remedial feature that distinguishes RULLCA from its predecessor, and clears up statutory ambiguities regarding the law’s effective date.
Newly chaptered SB 392 authorizes the issuance of a contractor’s license to a limited liability company (LLC), mirroring the provisions regulating contractor’s licenses issued to a corporation. This brings California into conformity with most states, which allow a LLC to hold a contractor’s license.