Gravel2Gavel Construction & Real Estate Law Blog
On February 6, 2014, Pillsbury attorneys Riaz A. Karamali and Didi S. Chow posted their advisory titled California’s New LLC Law: Next Steps for California LLCs. The advisory discusses the California Revised Uniform Limited Liability Company Act (New Act), which supersedes the California’s Beverly-Killea Limited Liability Company Act (Old Act), and a number of substantive changes under the New Act that may adversely affect existing California limited liability companies (LLC) unless they amend their operating agreements.
Additional Sources: Pillsbury Winthrop Shaw Pittman LLP, LLCs Can Finally Become Licensed California Contractors (Oct. 10, 2011)