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 address off the LLC Names…
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 the corporation can be administratively…
What Is Right of Publicity? Many celebrities and others with prominent public persons have pursued lawsuits for damages regarding violations of this right. However, what is this right? Fundamentally, it comes down to the notion that all individuals have…
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 in custody of an appointed…
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 regarding corporate information have been…
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 events that give rise to…
Limited Liability Partnership A limited liability partnership is formed when a licensed professional wants to form a business surrounding their professional services. Professionals that form a limited liability partnership (LLPs) benefit from legal protections and services. In California, the only…
S Corporations An S corporation, also known as an S subchapter, is a type of legal business entity that falls under specific Internal Revenue Code requirements. S Corporations can pass income, deducations, credits and losses directly to shareholders. S Corporations…
What is a Public Company? When starting a business, one must be aware of what form it will be. Whatever legal entity a business takes will be its guiding force until its end: it will ultimately affect every decision made.…
Limited Partnerships Limited partnerships are a form of entity in California that offers limited partners limited liability to the extent of their investments. A limited partnership has a few downsides that should be considered. This article explores the essential elements…