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Limited Liability Company (LLC) Agents

Patton Sullivan Brodehl LLP

The Perils of Buying Property from an LLC with Competing Claims to Managerial Authority

Prior LLC Jungle posts have addressed the tricky issue of LLC managerial authority in the context of the LLC’s dealings with third parties... As referenced in those posts, under Corporations Code section 17703.01, when an...more

Patton Sullivan Brodehl LLP

LLC Managerial Authority and Dealings with Third Parties

One of the recurring issues I see in my litigation practice is LLC managers engaging in “questionable conduct” with third parties — outsiders to the LLC. By “questionable conduct,” I generally mean binding the LLC to...more

Allen Matkins

Does An LLC Maintain Its Records At Its Designated Office When They Are In The Cloud?

Allen Matkins on

Section 17701.13 of the California Corporations Code requires that a limited liability company designate and continuously maintain in California both an office and an agent for service of process. The office need not be a...more

Allen Matkins

Assembly To Consider Mandatory Indemnification Of LLC Agents

Allen Matkins on

The California legislature operates on a two-year schedule. Cal. Const. Art. IV, Sec.3(a). The legislature will convene for the second year of the current biennium next Monday (Jan. 6). J.R. 51(a). One immediate job for...more

Allen Matkins

Changes In California Business Entity Filings Take Effect Next Week

Allen Matkins on

The California Secretary of State has given notice of the following changes to business entity filings...more

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