In December, California Secretary of State Debra Bowen announced that she has certified the first initiative for the November 6, 2012, presidential election ballot. Among other things, this initiative would ban corporations, labor unions and public...
Ban On Corporate And Union Contributions To Candidates Qualified For The November Ballot
Posted on March 07, 2012
Nevada Supreme Court Clarifies Status of LLC Charging Orders
Posted on March 06, 2012
Last week, the Nevada Supreme Court analyzed the rights of a judgment creditor of a member/manager of a limited liability company. In Weddell v. H2O, Inc., 2012 Nev. LEXIS 26 (March 1, 2012), the court reviewed the development of Nevada's LLC...
Past as Prologue: Bill Proposes Streamlined Permit Review Troika
Posted on March 05, 2012
A few months after I joined the Business, Transportation & Housing Agency, a major earthquake struck the San Fernando valley. Fifty-seven people lost their lives and thousands were injured. Property damage was extensive and five highway bridges...
Elimination Of Exception's Exception For Listed Companies Is In The Offing
Posted on March 02, 2012
While many were thinking of love on Valentine's Day, Assembly member Bob Wieckowski's thoughts were turned to dissenters' rights; for on that day he introduced AB 1680. This bill would eliminate an exception to an exception from the definition of...
Digital Collaboration In Entity Formation May Soon Come To Nevada
Posted on March 01, 2012
Earlier this week, Nevada Secretary of State Ross Miller announced an invitation for bids to produce a comprehensive review of legal requirements for a digital model operating agreement for limited liability companies. Never having heard of a...
Bill Proclaims Intention To Require Reporting Of Compensation By Publicly Traded Corporations
Posted on February 29, 2012
In 2002, the California legislature enacted the Corporate Disclosure Act to require publicly traded corporations and publicly traded foreign corporations qualified to transact intrastate business in California to file a statement of information with...
Bill Proposes Another Reason Not To Incorporate In California
Posted on February 28, 2012
Bill Proposes To Allow General Solicitations In California
Posted on February 27, 2012
Previously, I reported on a highly punitive bill, SB 978 (Curren), that would make the limited offering exemption under Section 25102(f) contingent upon the timely filing of a notice of exemption with the Commissioner of Corporations. Today, I'm...
Form 10-K - An Accumulation Of Errors, Inconsistencies And Anachronisms?
Posted on February 24, 2012
In Act II, Scene 1 of Shakespeare's Julius Caesar, a striking clock sparks the following dialogue between Brutus and another conspirator:
