California Corporation Formation Checklist

2017-09-26T17:00:57+00:00 March 18th, 2016|

Below is a checklist to help guide you through the process of forming a California Corporation Formation Checklist. Click here to download a Corporation Formation Checklist that is substantially the same. Many of the items in this checklist have links to help you understand what is involved in each step. Please feel free to contact [...]

Forming a Corporation

2017-09-25T23:25:18+00:00 March 17th, 2016|

Filing Form ARTS-GS When forming a Corporation in California, you must file Articles of Incorporation with the secretary of state; generally one will use ARTS-GS in California, which forms a General Stock Corporation with the Secretary of State. Forming an S corporation The phrase “forming an S corporation” is really a misnomer. To get an [...]

Choosing a Corporate Name in California

2017-09-25T23:27:17+00:00 March 17th, 2016|

Form ARTS-GS Part 1 – Choosing a Corporate Name in California When forming a Corporation in California, you must pick a name. If you are using Form ARTS-GS, which I recommend, it is entered in box 1. Step 1: Pick a name While you may already have a name under which you operate your business–a fictitious [...]

Step-by-Step Guide To Electing S-Corp Status

2017-09-26T17:02:22+00:00 March 17th, 2016|

Forming an S corporation? Here’s your step-by-step guide to the timely and proper filing of Form 2553 for a new corporation. (Click here for our Corporate Formation Checklist.) When forming a corporation, you must complete Form 2553 “Election by a Small Business Corporation,” and send it to the IRS. The purpose of this form [...]

How the Statute of Limitations Affects Personal Injury Claims

2017-09-28T19:19:22+00:00 March 17th, 2016|

What Is a Statute of Limitations? A statute of limitations prevents the filing of a claim after a certain date. If you delay too long in pursuing a claim, the statute of limitations will bar you from recovery. In California, the statute governing when an action must be commenced for personal injury is Code [...]

What You Should Know Before Selling Information

2017-09-28T19:19:57+00:00 March 17th, 2016|

What You Should Know Before Selling Information Information has become a commodity, and many people are making substantial sums of money buying and selling information. Some people selling information will have obtained it at no cost to them; others will have exerted substantial resources to collect the information. Before any transaction involving the sale [...]

Minutes for Board of Directors

2017-09-25T23:32:53+00:00 March 17th, 2016|

Minutes for Board of Directors The minutes of a board meeting are crucial. This post looks at how minutes are valuable, both internally and externally, and outlines the general form that they should take. Finally, it provides a sample you can compare with your own minutes to be sure everything is covered. Minutes for [...]

UCC Contract Obligation to Mitigate Damages

2017-09-28T19:19:57+00:00 March 17th, 2016|

UCC Contract Obligation to Mitigate Damages This posts discusses a UCC (Uniform Commercial Code) contract, specifically, one in which a buyer and seller agree that the buyer will purchase a set amount of goods from the seller, but one party later changes his mind. Seller’s Remedies Under a UCC Contract When a contract is [...]

Anti-Dilution Clause and Notice

2017-09-28T19:19:57+00:00 March 17th, 2016|

Look for Notice: For Stock or Options, an Anti-Dilution Clause Alone Isn’t Enough When receiving or granting stock or options in a fledgling situation, you should not only look for an anti-dilution clause, but also check to be sure a requirement of notice is included. Many startup companies offer compensation to founding members and [...]