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July 7, 2023
During the 2021-2022 legislative session, the California Secretary of State sponsored legislation, 2022 Cal. Stats. ch. 617, making numerous changes to the Corporations Code in...
June 26, 2023
In the world of LLCs, buyouts — where one member sells his/her membership interest to another member or the LLC itself — are commonplace. Buyouts generally fall into one of two...
May 23, 2023
It seems California Secretary of State will not accept an emoji as a business name. The closest any statute comes to banning emojis is Corporations Code Section 8 which provides whenever any record is required or authorized by this code, it shall be made in the English language.
May 6, 2023
At least eight bills would affect HOAs in 2024. Here's a look at four of them.
April 28, 2023
Under California law, a homeowners association (HOA) is considered a “quasi-government entity” similar to a municipal government.  And, as courts have noted, “with power, of course,...
April 25, 2023
The California General Corporation Law entitles directors in performing their duties to rely upon information, opinions, reports or statements of others.  Cal. Corp. Code § 309(b). ...
April 25, 2023
Is AI a person under California Corporation Law what is a director who relies on a report or statement generated by AI if AI is a person if the director believes information, opinions reports or statements are within the expert competence of AI then does section 2 of Cal. Corp. Code 309 b
January 24, 2023
On September 2, 2022, California Governor Gavin Newsom signed SB 49 into law, amending California Corporations Code §1151 (Cal. Corp. Code §1151) to allow domestic corporations to...
December 27, 2022
California’s statutes governing LLCs and general partnerships include “safe harbor” provisions making it easier for third parties to rely on the apparent authority of an LLC’s manager...
December 23, 2022
Recently introduced bill would amend California's Political Reform Act of 1974 to prohibit contributions by foreign-influenced business entity as defined in connection with state or local election or state or local ballot measure. The bill AB 83 Lee & Kalra require business entity.