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CALIFORNIA CORPORATE & SECURITIES LAW

One More Thing That LLCs Can’t Do In California . . .

Recently, I wrote about what happens when an incorporator dies.  This will be an issue, of course, only when the incorporator is a natural person.   Thus, the problem of the dead incorporator can be avoided entirely by having a non-natural person, such as a corporation, fulfill the parental responsibilities.  The legislature, however, has decided that not just…

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