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

Produced on: December 18, 2017

Course Format On Demand Audio

Taught by

Categories:

Course Description

Time 60 minutes
Difficulty Intermediate

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


Faculty

Rachelle Cohen

Kehr, Schiff & Crane LLP

Rachelle Cohen is an attorney with Kehr, Schiff & Crane LLP in Los Angeles. Her practice focuses on assisting clients with their business transactions, including forming entities, acquiring and selling business units or entities, obtaining funding, and negotiating contracts and buy-outs. Rachelle served on and was the Chair of the California State Bar's Partnerships and Limited Liability Companies Committee. Currently, she serves on the Executive Committee of the California State Bar’s Business Law Section. 

Rachelle speaks frequently and has written about limited liability company and partnership issues, including the current limited liability company law in California. In addition, she has served as a lecturer at the USC Gould School of Law. She attended the UCLA School of Law and received a B.S. in Marketing and Management from Cornell University. 

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