California’s Limited Liability Company Law: Know the Fundamentals (Audio Only)

In this course, Rachelle Cohen, will provide an overview of the California Revised Uniform Limited Liability Company Act, including its structure and the default rules it provides.

This course will go through the formation of an LLC in California through to its dissolution. She will highlight important default rules that apply to California LLCs, and will guide practitioners to consider what rules could be changed by the parties’ agreement. Ms. Cohen will introduce provisions that are unique in California law, including the fiduciary duties owed by managers. By the end of the program, attendees should have a basic understanding of the statute that guides the formation and operation of limited liability companies formed in California.

Learning Objectives:

1. Navigate the layout of the California statute
2. Review where to look to form an LLC in California
3. Become familiar with how the California LLC law affects an LLC’s structure and operation
4. Discuss how the parties can vary the statutory provisions
5. Identify California-specific provisions to be aware of when forming a California LLC