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CA AB1862
Bill
Status
9/22/2024
Primary Sponsor
Phillip Chen
Click for details
AI Summary
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Extends the sunset date for limited liability partnership provisions governing architecture, engineering, and land surveying professions from January 1, 2026 to January 1, 2034.
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Requires organization record forms filed with professional boards to be accompanied by documentary evidence demonstrating compliance with ownership and responsible charge requirements for engineering and land surveying businesses.
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Removes architecture from the definition of "professional limited liability partnership services" effective January 1, 2034, while maintaining public accountancy and law as permanent professional limited liability partnership services.
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Updates security requirement provisions for registered and foreign limited liability partnerships providing accounting, legal, architectural, engineering, and land surveying services, with specific insurance minimums and net worth thresholds varying by profession.
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Incorporates conditional amendments that become operative only if both AB 1862 and AB 3253 are enacted, with AB 1862 being enacted after AB 3253.
Legislative Description
Engineering, land surveying, and architecture: limited liability partnerships.
Last Action
Chaptered by Secretary of State - Chapter 361, Statutes of 2024.
9/22/2024