Saturday, January 27, 2007

LLC Statement of Information

Question: I understand that California requires a description of the general type of business being conducted for an LLC. Can more than one type of business activity be entered for one LLC? Can one business have independent business activities?

Answer: You are probably referring to a Statement of Information. Every LLC registered in California must file a Statement of Information with the of of the California Secretary of State. The LLC must file this form within 90 days of first registering within in California and biennially thereafter.

The Statement of Information is a public disclosure of information regarding the name and address of the agent for service of process, the street address of its principal executive office, the name and complete business or residence addresses of any manager or managers and the general type of business that constitutes the principal business activity of the limited liability company. You should only list one line of business business type even if the LLC has multiple types of business activities. Although LLCs in California cannot engage in certain types of business activities such as contracting or the practice of law, there is no limit on the number of businesses an LLC may operate.

About the Author
Carl H. Starrett II has been a licensed attorney since 1993 and is a member in good standing with the California State Bar and the San Diego County Bar Association. Mr. Starrett practices in the areas of bankruptcy, business litigation, construction, corporate planning and debt collection.

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