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Limited Liability Company (LLC) Business & Professions Code

Allen Matkins

What Does California's Real Estate Law Have Against Limited Liability Companies?

Allen Matkins on

The California Real Estate Law is decidedly standoffish when it comes to limited liability companies.  While it allows corporations to be licensed as real estate brokers, it makes not such allowance for limited liability...more

Allen Matkins

LLC Real Estate Broker Bill Stalls

Allen Matkins on

The California Real Estate Law broadly defines "real estate broker" to encompass numerous activities beyond selling real property. Cal. Bus. & Prof. Code §§ 10131, 10131.1-.45. However, only individuals and corporations may...more

Allen Matkins

Memo To The Legislature: The Beverly-Killea Act Hasn't Been Law Since 2014

Allen Matkins on

California's first limited liability company act was known as the Beverly-Killea Limited Liability Company Act, former Corporations Code Section 17000 et seq. In 2012, the legislature replaced it with the ill conceived...more

Allen Matkins

Contractors Do It, PIs Do It; Why Not Real Estate Brokers?

Allen Matkins on

Individuals and corporations, but not limited liability companies, may be licensed as real estate brokers under the California Real Estate Law. This is a result of a bargain reached when California’s enacted its first...more

Allen Matkins

Senator Introduces Bill To Allow LLCs To Be Licensed As Real Estate Brokers

Allen Matkins on

Section 17701.04(b) of the California Corporations Code provides: A limited liability company may have any lawful purpose, regardless of whether for profit, except the banking business, the business of issuing policies...more

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