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You May Not Need to File That BOI Court: Court Deems Corporate Transparency Unconstitutional

A recent decision by a U.S. District Court has brought significant developments regarding the reporting obligations under the new Corporate Transparency Act (CTA), which we discussed in our February 15 update. In the March 1 case of National Small Business United v. Yellen, the court ruled that the beneficial ownership reporting mandate, as enforced by […]

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Legal Love: Some California Employees Will Get More Than Valentine’s Cards This Year

In 2023, the California legislature enacted a new law aimed at safeguarding employees from unenforceable non-compete agreements and fostering fair competition among employers. This legislation, codified under Section 16600.1 of the California Business & Professions Code, imposes obligations on employers regarding the use of non-compete clauses. Under Section 16600.1, employers are mandated to provide written

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New California Laws in 2020

As we welcome the new year, we also usher in the changes to California’s consumer protection laws and employment laws that are now as traditional as making a new years’ resolution you are never going to keep. CHANGES IN CONSUMER PROTECTION LAW California continues giving consumers ever greater protections, especially in the realms of online

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The SEC’s Proposed Amendments for the "Accredited Investor" Definition: A Long-Overdue Change to Increase Access to Private Investments

The Securities and Exchange Commission recently proposed amendments to the definition of “accredited investor” under Regulation D of the Securities Act of 1933, which, if adopted, would expand the categories of individual and entity investors in private securities offerings, including offerings under Rules 506(b) and 506(c) of Regulation D and other federal and state securities

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Investor Digital Subscription Platforms: Why You Should Be Interested

Bitcoin, blockchain and security tokens may not be concepts which are applicable to most businesses, but they are part of a new trend that may change the way most businesses raise capital. A digital subscription platform is a tool offered by blockchain companies such as Securitize and Harbor to facilitate a security token offering by

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Protecting a Business Asset in the Event of a Divorce — Corporate Documents Alone Are Not Enough

Are you concerned about having your future ex-spouse become your business partner? You should be. In California, a spouse who works at their own business, whether the business was started prior to marriage or during marriage, most likely will have to pay a considerable amount of compensation to buy out their spouse in the event

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Raising Capital for Your Startup – The Benefits and Pitfalls of Convertible Promissory Notes and SAFEs

Two ways startups typically raise early capital are by issuing simple agreements for future equity (“SAFEs”) or convertible promissory notes (“Convertible Notes”). SAFEs and Convertible Notes have many characteristics in common, such as the ability to defer the valuation process for an early-stage startup. Understanding the benefits and pitfalls of each is critical for both

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