Forming and Operating an LLC in California and Nevada
In California and Nevada, licensed professionals can form an LLP, but cannot form an LLC. An LLP can operate in every state, but an LLC cannot.
Changing Registered Agent for an LLC in California
To change the registered agent for an LLC in California, verify eligibility of the new agent. The new agent must meet requirements by the Secretary of State. File a Statement of Information form with the Secretary of State, providing the name and address of the new registered agent. Pay a $30 filing fee. Send a copy of the form to the previous registered agent and to the new registered agent.
Important Considerations for Forming an LLC in California
Starting an LLC in California has benefits like liability protection and flexibility in management and taxes. To form an LLC, choose a business name, fill out Articles of Organization, create an operating agreement, get an EIN, pay filing fees, obtain permits, and open a business bank account.
Professionals and LLC Formation in California and Nevada
In California and Nevada, only licensed professionals can form an LLP. Large law firms choose LLPs to operate in every state. LLCs have limited liability for owners. LLPs may be restricted to licensed professionals like attorneys and accountants. Check your state’s rules.
What is a PLLC and How Does it Differ from an LLC in California?
The difference between the two is that the PLLC has some restrictions on who may be a member of the PLLC and the limitation of liability of the members. With an LLC, anyone can be a member, or owner, of the business. State PLLC laws often provide that only licensed professionals can be members, or that a certain number of members must be licensed professionals.
Differences Between LLC and PLLC
While licensed professionals of all kinds, such as doctors, lawyers, architects, and accountants can form businesses with all the benefits of an LLC, an alternative structure exists for these industries known as a professional limited liability company (PLLC). This structure is specifically designed for businesses that require professional licensing to operate.