LLC Change for California Business Owners and Bankers

LLCs now can file their Statements of Information online with the California Secretary of State.   You can also request tCalifornia business law changes and updateso  a pdf copy of the filed Statement of Information by email.


Effective January 1, 2018, California Corporations Code Section 2000(a)  will provide that it is acceptable that the “contrary provision in the articles” be a reference in the articles of incorporation to a separate written agreement between two or more shareholders pertaining to the purchase of shares. It will not be necessary for the articles to set forth the terms relating to the shares. This provision relates to a shareholder buyout, when there is a proceeding for voluntary or involuntary dissolution. 

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