Many rich people establish "family offices" to provide investment advisory services to family members. Section 409 of the Dodd-Frank Act excludes "family offices" from the definition of "investment adviser" under the Investment Advisers Act of 1940....
Truth Endures For All Generations And Perhaps So Can A Family Office
Posted on October 20, 2011
California Gets Ready For SEC Hand-off of Midsized Advisory Firms
Posted on October 19, 2011
Department of Corporations Letter To Midsized Firms
A CSL Riddle - When Does A Corporation With Two Shareholders Have No Outstanding Shares?
Posted on October 18, 2011
The Riddle of the Sphinx
How Should Benefit Corporation Directors Make Decisions?
Posted on October 17, 2011
Two Bills Amend Capital Access Loan Program
Posted on October 14, 2011
With political controversy swirling around the federal government's energy loan guaranty program, many may not realize that California has its own loan guaranty program. The California Pollution Control Financing Authority administers the California...
Court of Appeal Holds That Employee Indemnification Statute Does Not Reach "First Party" Lawsuits
Posted on October 13, 2011
If you ask a corporate law attorney about indemnification of officers and other corporate agents, she will likely steer you to Corporations Code § 317. Ask an employment law attorney the same question, and she will likely refer you to Labor Code §...
Governor Signs Bill Imposing New Requirements On In-State And Out-of-State Employers Who Pay Commissions
Posted on October 12, 2011
Two score and eight years ago, the California legislature enacted AB 836 (Frew), Stats. 1963, ch. 1088. That legislation requires employers who pay their employees for services in California through commissions to provide those employees with a...
Governor Brown Signs Flexible Purpose And Benefit Corporation Bills - Confusion To Follow
Posted on October 11, 2011
A Tale of Two Bills
Governor Brown Vetoes CalPERS/CalSTRS Gift Limitation Bill
Posted on October 10, 2011
For the last two years, the California Public Employees Retirement System has been dogged by an unrelenting stream of bad news concerning the behavior of its current and former board members and officers. In the most recent blow, the California Fair...
