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Business Law Legal Topics

Should You Dissolve an LLC When the Business Is Wrapped Up?

Dissolving a limited liability company (LLC) when the business is done has some clear benefits, but is the liability exposure worth it?

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Business Law Legal Topics New Legal Developments

First Case Under RULLCA Highlights Important New Remedy

ThinkstockPhotos-177644758The 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.

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Business Law Legal Topics New Legal Developments

New Law for California LLCs

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A new law coming into effect in California on January 1, 2014  will govern the formation and operation of all limited liability companies (LLCs) in this state. It’s out with the old and in with the new!

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Business Law Legal Topics New Legal Developments

California Contractors Can Soon Do Business as LLCs

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.