Core resources to assist in forming, maintaining, and dissolving a California limited liability company (LLC).
Forming a limited liability company (LLC) and maintaining its books and records may seem like simple tasks at first. However, seemingly straightforward formation and drafting decisions or the failure to keep proper records can have far-reaching consequences. For example, how the LLC's organizational documents are drafted can have a significant effect on the members' rights and on the members' and managers' exposure to liability.
When forming a California LLC, organizers must, among other things:
Comply with any formalities and filings that are required, including the payment of filing fees and taxes.
Maintaining an LLC in good standing after formation calls for careful attention to reporting and filing requirements in California. Failure to comply with certain actions required by California law, such as proper record keeping, can impact the LLC's status as a separate legal entity, which may expose the members and managers to liability.
This Toolkit provides certain key resources to help counsel form, maintain, and dissolve a California LLC.