California Corporate & Securities Law Blog

Bill Would Require Notification To LLCs Of Updated Filings

Written by Keith Paul Bishop | June 29, 2021

Corporations Code Section 17702.09 requires every California limited liability company and every foreign limited liability company registered to transact intrastate business in California to file and update a Statement of Information.  Although the Statement must be signed under penalty of perjury, unauthorized filings can be made unbeknownst to the LLC.   A bill, AB 1381, was recently amended to require the Secretary of State's office by January 1, 2023,  to create and implement a procedure to transmit a notice to an LLC stating that an updated statement of information has been filed for that limited liability company or that foreign limited liability company.