California Lawyers Association

Business Law Corporations Committee

Updates from the Business Law Corporations Committee

In a move to raise transparency regarding California business ownership, the California Senate passed SB 1201 on May 16, 2024. This bill, if enacted into law, would impose on all domestic and foreign limited liability companies and corporations the obligation to provide certain information about the beneficial owners of those entities.  Read more
Since July 1, 2022, the filing fees required to be paid for the registration of new corporations, limited liability companies (“LLCs”) and limited partnerships (“LPs”) with the California Secretary of State (the “Secretary of State”) have been waived. Read more
Effective January 1, 2023, most California employers will now need to comply with expanded rules for disclosing pay range information to job applicants and employees and new recordkeeping and reporting requirements.  Senate Bill 1162 (“SB 1162”) was signed into law in September 2022, with the aim of improving pay equity, and carries with it some potentially stringent penalties for employers who fail to comply.  Read more
Governor Gavin Newsom has signed SB 218 (sponsored by Senator Jones), which was proposed by the California Lawyers Association’s Business Law Section Corporations Committee and adds an important new Section 119 to the California Corporations Code (CCC) providing for corporate ratification and judicial validation of noncompliant corporate actions. Read more
On May 13, 2022, Los Angeles Superior Court Judge Maureen Duffy-Lewis issued a bench trial verdict in a widely-watched case—Crest et al. v. Padilla, C.A. No. 19STCV27561 Cal. Super. Ct. (Crest I). Read more
On April 28, 2022, the California Court of Appeal affirmed a San Mateo County Superior Court’s dismissal of a securities class action case on the basis that the defendant, Restoration Robotics, Inc. (which was subsequently acquired by Venus Concepts Ltd), had adopted a federal forum provision (“FFP”), which provided that claims of violation of the Securities Act of 1933, as amended (the “Securities Act”) were required to be brought in U.S. federal courts. Read more
Beginning on January 1, 2022, Statements of Information for corporations and LLCs will include a question on whether, for LLCs, a manager or member, and for corporations, an officer or director, has any outstanding final judgment issued by the Division of Labor Standards Enforcement or a court of law, for which no appeal therefrom is pending, for the violation of any wage order or provision of the Labor Code. Read more
The Corporations Committee and the Nonprofit Organizations Committee of the Business Law Section of the California Lawyers Association are pleased to announce that, on October 5, 2021, Governor Newsom signed their sponsored corporations and nonprofits governance bill, AB 663 (Assemblymember Chen). Read more
On September 8, 2021, the SEC charged a Nevada lawyer for playing a crucial role in facilitating the sale of millions of shares of unregistered stock in violation of the federal securities laws. Read more
On August 17, 2021, the California Court of Appeal, Fourth Appellate District, in Turner v. Victoria, held that a director of a California nonprofit public benefit corporation who brought an action on behalf of the corporation lost standing to pursue her claims when she lost re-election to the board. Read more

Forgot Password

Enter the email associated with you account. You will then receive a link in your inbox to reset your password.

Personal Information

Select Section(s)

CLA Membership is $99 and includes one section. Additional sections are $99 each.