Last April, I wrote this brief piece for the Daily Journal regarding the emerging phenomenon of secondary trading in securities of issuers not subject to the reporting requirements of the Securities Exchange Act of 1934. Since that time, interest...
Recent Posts
In People v. Collins, 68 Cal. 2d 319 (1968), the California Supreme Court wrote that it could "discern no inherent incompatibility between the disciplines of law and mathematics". While the Supreme Court may be correct about the relationship between...
Your team is ahead but makes a crucial error and loses the game. You may be tempted to vent your frustration on the cable box. Before you do, you should stop and consider Section 14400 of the California Corporations Code. That section allows a cable...
Yesterday, I wrote about electronic filings of notices of exemption under Corporations Code Section 25102(f) and 10 CCR § 260.103.
For the last five years, the Commissioner of Corporations has required that notices of exemption filed pursuant to Corporations Code § 25102(f) be filed electronically, except in cases of demonstrable hardship. See 10 CCR § 260.102.14(f). Electronic...
In 1999, the Business Law Section of the California State Bar sponsored AB 197 (Ackerman). That bill established a comprehensive scheme under the California Corporations Code for the conversion of limited partnerships and limited liability companies...
I've welcomed the enactment of SB 392 (Florez) which authorizes the Contractors' State License Board to issue contractor's licenses to limited liability companies. Potential LLC licensees should note, however, that SB 392 imposes significant surety...
My friend, Bill Twomey, suggested a post describing how to get copies of securities and franchise filings made with the Department of Corporations. It's actually pretty easy. The DOC maintains the California Electronic Access to Securities...
