Registering Foreign LLPs in California

Checklist for Registering a Foreign LLP in California

o   Verify that LLP is in good standing in jurisdiction of organization.

o   Secure certificate of good standing from appropriate official or, if not used in jurisdiction of organization, draft statement to effect that relevant jurisdiction does not allow certificates of good standing. Corp C §16959(a)(2).

o   File Application to Register a Limited Liability Partnership (Secretary of State Form LLP-1) with the Document Filing Support Unit of the California Secretary of State, together with applicable fee. Corp C §16959(a); Govt C §12189(b).

o   If LLP will rely on net worth security alternative, file Alternative Security Provision of a Limited Liability Partnership (Secretary of State Form LLP-3) with Secretary of State.

o   Law Firms: File application for Certificate of Registration as an LLP with Office of Certification of the State Bar in San Francisco, together with the appropriate fee ($50 per attorney not to exceed a maximum of $2500 per LLP).

o   Accountancy Firms: File Partnership Application for Licensure (Form 11A–19) with State Board of Accountancy together with the applicable fee of $350.

o   Architectural Firms: Although an architectural LLP is not required to file an initial form to qualify as an architectural LLP, licensed architects must annually file a business entity report identifying the entity through which they practice with the California Architects Board, together with applicable fee of $150. See Bus & P C §5558. Licensed architects must also notify the Board within 30 days after any change.

  • After initial organization, notify all professional organizations required or desirable to be notified as to each professional’s partnership in or employment by the LLP.
  • To the extent pre-existing clients of partners or associates are brought into the LLP, notify each client of the professional’s employment or partnership in the LLP.

o   Explain the contemplated new relationship with the LLP, including the scope of liability protection afforded partners.

  • Consider executing new fee agreements executed with existing clients in LLP’s name.
  • Consider executing new authorizations in the LLP’s name, including transferring trust fund balances to the trust account of the LLP.
  • Make all other necessary arrangements to notify clients and third parties that the LLP, and not any of its predecessors or individual professional (employee or partner), is the entity engaged in the professional activity.
  • Analyze fee compensation provisions with respect to future services rendered to clients brought to the LLP.
  • Inform existing professionals and each new professional joining the LLP that future communications should be on the LLP’s letterhead.
  • File and maintain all partner consents and documents with partnership records.

Getting Legal Help

AXIS Legal Counsel’s Business and Corporations Practice provides legal advice to numerous businesses with a wide range of business matters. Axis  represent small, medium-sized, and large business clients with a wide variety of business and corporate law matters. We represent early-stage companies as well as established businesses on a wide variety of business law matters, ranging from contracts and transactions, intellectual property, labor/employment law, business financing, mergers and acquisitions, real estate, insurance, business succession planning, and general advice and counsel.  For information on retaining AXIS Legal Counsel to represent your business in connection with any legal matter, contact info@axislc.com or call (213) 403-0100 for a confidential consultation.

 

Our Business & Corporations Practice 

Labor & Employment Practice Areas

  • Corporate Law
  • Small Business
  • Contracts & Agreements
  • Labor & Employment
  • Intellectual Property
  • Shareholders
  • Directors and Officers
  • Mergers & Acquisitions
  • Business Sales
  • Business Disputes
  • Securities Law
  • Cryptocurrencies
  • Employment Law
  • Employment Agreements
  • HR Policies and Procedures
  • Independent Contractors
  • Wage & Hour Compliance
  • Paid Sick Leave Compliance
  • Executive Compensation Agreements
  • Stock Option Agreements
  • Minimum Wage & Overtime Compliance
  • FLSA Compliance
  • California Industrial Wage Order Compliance

ConsultTeaser


 

Download All 17 of our Most Popular Forms – $49 Only 

Check out our complete line of handy forms and templates for California small businesses.

Download Our Entire Suite of
Templates, Policies, and Procedures

Our 17 Most Popular Forms  – Only $49 

*** NOW UPDATED FOR 2019 ***

Instant Download!


► Submit a Question

Have a question that is not answered? Submit your question below so we can help other businesses by contributing to the knowledge base.


 

 Read our Business FAQs

49326912_m

Our FAQs answer the most common issues faced by businesses.

We have an extensive FAQ Library that covers the most common questions we get from businesses, as well as FAQs on recent changes in law affecting businesses.

Visit our Entire FAQ Library

Our Recent Projects 

36388657_m

Have we counseled businesses like yours? All the time.

We have represented a variety of business clients in numerous industries across multiple disciplines and practice matters. Here are some of the highlights.

 

BusinessListTeaser

2019-04-04T22:00:55+00:00 0Import, Checklists|0 Comments

Leave A Comment

error: Copyrighted 2011 - 2018. Axis Professional Law Corp.