Business entities: statement of information: requirements.

The California Revised Uniform Limited Liability Company Act, beginning January 1, 2022, or upon certification by the Secretary of State that California Business Connect is implemented, whichever is earlier, requires every limited liability company and every foreign limited liability company registered to transact intrastate business in California to deliver to the Secretary of State within a specified timeframe a statement of information, as prescribed. Existing law requires the statement of information to contain, among other things, a statement indicating whether any member or any manager has an outstanding final judgment issued by the Division of Labor Standards Enforcement or a court of law, for which no appeal therefrom is pending, for the violation of any wage order or provision of the Labor Code. This bill, in the above-described circumstances, would instead require for a manager-managed limited liability company or a manager-managed foreign limited liability company, a statement indicating whether any manager has an outstanding final judgment issued by the Division of Labor Standards Enforcement or a court of law, from which no appeal therefrom is pending, for a violation of any wage order or provision of the Labor Code. The bill would require for a member-managed limited liability company, a statement indicating whether any member has an outstanding final judgment issued by the Division of Labor Standards Enforcement or a court of law, from which no appeal therefrom is pending, for a violation of any wage order or provision of the Labor Code, unless a written operating agreement limits the members who are agents of the limited liability company for the purposes of its business and affairs to a specified member or members, as provided, in which case the statement would only be required with respect to that specified member or those specified members. The bill would require, for a foreign limited liability that is not managed by a manager or managers, a statement indicating whether any member has an outstanding final judgment issued by the Division of Labor Standards Enforcement or a court of law, from which no appeal therefrom is pending, for a violation of any wage order or provision of the Labor Code, unless the member is not an agent of the foreign limited liability company for purposes of its business and affairs, in which case the statement would only be required with respect to that member or those members who are agents of the foreign limited liability company.