Annual Report to Secretary of State An annual Report of information must be filed by each and every California LLC and Corporation to the California Secretary of State. An annual LLC statement includes: The business…
Why is Insider Trading Illegal? The US Securities and Exchange Commission (the SEC) defines an “Insider” of a company as any officer, director, or employee with significant knowledge that is confidential. So when an Insider…
Administrative Dissolution of Corporations in California Beginning in 2019, California corporations may be administratively dissolved by the Franchise Tax Board (“FTB”) if the FTB has suspended the corporation’s corporate powers for 60 consecutive months. Before…
Writ of Attachment in California Writ of attachment is a prejudgment process. A court orders a seizure (the attachment) of property that is described in the writ. Once the property is seized, it is held…
Rights of Corporate Shareholders in California The laws related to the rights of corporate shareholders have evolved and changed over time. Broader judicial and legislative efforts regarding Board of Directors, rights and responsibilities of shareholders…
Loaning to Small Businesses and Their Decline The statistical accountants told by banks and regulators are often incompatible. On one hand, bankers show statistics that insinuate that small business lending is improving. On the other…
Contract Breach Contracts are fundamental to conducting business and maintaining partnerships. Contracts not only set out exact expectations but provide parameters and agreements of the business relationship. Breaching a signed contract can result in lawsuits…
How to Protecting Business Trade Secrets Businesses often have confidential information that should not be shared outside the limits of members of the business. Such information could be ideas, methods, formulas, techniques, processes, devices, compilations,…
Dissolution Of An LLC In order to dissolve a Limited Liability Company (LLC) in California, one must be knowledgeable of California Corporations Code Section 17707.01. The code helps us gain knowledge and foresight regarding the…
