Tag Archives: California Revised Uniform Limited Liability Company Act

Oral Agreements of LLC Members Can Be the Operating Agreement

Posted on March 15, 2017 by Elio Palacios, Jr.

A sole member of an LLC can also have an operating agreement, whether written, oral or implied. Continue reading →

Posted in Uncategorized | Tagged , , , , , , , , , , , , , | Leave a comment

New Rules on Withdrawing from a Limited Liability Company

Posted on May 27, 2014 by Elio Palacios, Jr.

California’s limited liability company (LLC) law was updated when the California Revised Uniform Limited Liability Company Act (RULLCA) went into effect on January 1, 2014.  The California RULLCA is found in California Corporations Code, sections 17701.01 et seq.  One of … Continue reading →

Posted in Uncategorized | Tagged , , , , , , | Leave a comment