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News

December 14, 2013

California – Secretary of State announces significant changes to LLC filings effective January 1, 2014

with the California Revised Uniform Limited Liability Company Act.  More information can be found on the Secretary of State’s website herePlatinum Filings is available to assist you with your California filings as well as any other state. Contact a Platinum Filings representative today at 888-263-8666

Summary of the Changes:

LLC Naming Requirements

A proposed LLC name may not be one that is likely to mislead the public and must be distinguishable in the records of the California Secretary of State from the name of an existing LLC or an LLC name that has been reserved to another party. 

The Business Entity Names Regulations have been revised to reflect the new naming requirement noted above and to make other unrelated clarifications. The new name conflict standard is “distinguishable in the records” similar to the current name standard for limited partnerships.  The “misleading” component of the name requirements stays the same

A foreign LLC now must register with the name used in the home jurisdiction. The registration of a foreign LLC under an assumed name only is permitted if the actual name of the foreign LLC does not comply with the requirements of Section 17701.08 (unavailable under the new name conflict standards). This is consistent with the current name regulations for foreign corporations.

LLC Name Reservations

A request to reserve a proposed LLC name must be submitted in writing, must state the name and address of the applicant and the name proposed to be reserved.  A request to reserve a proposed LLC name no longer can be made by telephone using a prepaid account.

A notice of transfer (stating the name and address of the transferee) is required to transfer a reserved name to another person.

LLC Filing Requirements

Many forms have been updated, and the newly revised forms for LLC Organization or Qualification are the only ones being accepted. Please see several changes outlined on Secretary of State’s Website.