As the year comes to a close, here is a helpful reminder for you as a professional or business owner. Did You File Your Statement of Information Yet? California law requires all corporations, limited liability companies (LLCs) and common interest development associations to update the records of the California Secretary Read more…
Over the past two years, the number of drone start-ups in California has increased exponentially. The best example can be demonstrated by comparing last year’s Drone Market Environment Map with that of 2016. There are many more subcategories revealing that many Unmanned Aerial Vehicle (UAV) companies identified and started occupying market Read more…
The Sacramento County Bar Association’s, Public Law, Environmental Law, and Administrative Law sections, co-hosted an event entitled, “From the Ground Up: Implementing the Medical Cannabis Regulation & Safety Act – Cultivating solutions to administrative, regulatory, environmental, and consumer protection challenges,” at the September 21, 2016 luncheon. The luncheon was held Read more…
No. Unfortunately, you cannot. Section 17002 of the Beverly-Killea LLC Act (Corp Code Sections 17000-17666 or “LLC Statute”) states that subject to any limitations contained in the articles of organization and to compliance with any other applicable laws, a limited liability company (“LLC”) may engage in any lawful business activity, Read more…
(The below is content that will be published in an upcoming PT Interventions, the official newsletter of the California Physical Therapy Association) For years there has been much confusion about physical therapists working for and owning different types of corporations, and whether a physical therapist may form or work for Read more…
On October 7, 2013, Governor Brown signed AB 1000 (Consumer Direct Access to Physical Therapist Services: Professional Corporations) into law which is also known informally as the “direct access law.” Effective January 1, 2014, patients may directly seek physical therapist treatment under provisions of the new law. The debate about Read more…
A buy-sell agreement is an agreement between the owners of a business to purchase and sell interests of the business at a pre-determined price upon the occurrence of anticipated or potential future events. These triggering events generally include death, disability, bankruptcy, divorce, retirement, an offer to purchase, and termination of Read more…
Governor Jerry Brown signed SB 323, the California Revised Uniform Limited Liability Company Act (popularly known as RULLCA), into law on September 21, 2012. The law, which will take effect on January 1, 2014, will apply to all existing California limited liability companies (LLCs) as well as all foreign LLCs Read more…