Category Archives: Corporate

The Corporate Transparency Act (CTA), a federal law that requires most U.S. businesses to report beneficial ownership information to the US Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) went into effect January 1, 2024, and is already facing legal challenges and questions surrounding its scope. Notwithstanding, the law remains in full force and effect […]

Websites and mobile apps (collectively referred as “websites”) operated by businesses “open to the public” (or places of “public accommodation”) have consistently been required to comply with the American with Disabilities Act (“ADA”), meaning that they must make sure their websites are accessible to people with disabilities. While this has been true for many years, […]

Governor Newsom signed a number of bills into law during the last calendar year that affect common interest developments (“CIDs”), such as homeowners associations and stock cooperative corporations.  The topics range from election by acclamation to rental restrictions to urban lot splits. Below is a summary of the three new laws in which we believe […]

Preparing to sell your business when you first start may seem counterintuitive but doing so will greatly reduce the cost and stress later and will likely help you realize a higher valuation if you do decide to sell. Starting a business is exciting.  It’s also expensive. You’ve worked hard to save money to launch the […]

Effective January 1, 2022, the California Secretary of State updated its Statement of Information forms for corporations and limited liability companies in response to Assembly Bill 3075. The revised Statement of Information forms require the filing party to certify whether any officer or any director (or member or manager for a limited liability company) has […]

If you have recently incorporated a business or filed for a trademark with the United States Patent and Trademark Office (“USPTO”), this may sound familiar… You receive a notice in the mail purportedly from an official state agency containing an official-looking seal, telling you that you need to file an annual report by a certain […]

On the heels of the General Data Protection Regulation (“GDPR”), California is rolling out its own revamped privacy legislation in the form of the California Consumer Privacy Act of 2018 (the “Act”). The Act will go into effect on January 1, 2020. Much like GDPR, the Act gives California residents certain additional rights in relation […]

Directors and officers of corporations have, as most of you know, fiduciary duties to act in the best interest of the corporation. To meet these duties, officer and directors must exercise a high degree of care in the operation and management of the corporation, to avoid self-dealing, to be transparent and to generally act in […]

A recent California appellate court decision has ruled that reverse veil piercing is permitted in California in the context of limited liability companies. Practically speaking, this means that an LLC’s assets could potentially be at risk for an LLC member’s personal liability under the right circumstances. Most people are familiar with the concept of “piercing […]

As we have written about previously, in 2016 the European Union (EU) approved a new privacy regulation called the General Data Protection Regulation (GDPR). It is a mandatory regulation that applies to all companies that collect the data and information of EU individuals. The GDPR expands the privacy rights granted to European individuals and requires […]