Commercial Landlords – Pay Attention: Effective January 1, 2025, landlords leasing commercial space to certain “qualifying commercial tenants” (“QCTs”) QCTs include office, industrial, retail and restaurants that are (1) microenterprises with five or fewer employees (full or part-time, including the owner) and generally lack access to financial capital; (2) restaurants...
Employer Posting for Voting/Employee Time Off In case you haven’t heard (right), the election is November 5th. By ten (10) days before the election (i.e. by October 26, 2024), California employers must post a detailed notice to inform employees of their right to paid time off to vote. The State...
REAL PROPERTY FORECLOSURE CHANGES A new law will take effect on January 1, 2025, making changes to real property foreclosures: 1. Enhanced Notice Requirements: Borrowers must now receive clearer and more comprehensive notices regarding the foreclosure process, including detailed information about their rights, the timeline of the proceedings, and the...
CORPORATIONS LLCs and LPs: New Federal Beneficial Ownership Interest Report Required The recently enacted Corporate Transparency Act mandates filing a Beneficial Ownership Interest Report and marks a significant shift in how ownership interests must be reported to the federal government. The law aims to enhance transparency and curb illicit activities,...
Federal Court Strikes Down FTC's Non-Compete Rule What It Means for Employers In a surprising turn of events, a federal court in Texas has struck down the Federal Trade Commission’s (FTC) non-compete rule, just days before it was set to take effect on September 4, 2024. This ruling has sent...
California Amends Whistleblower Notice Requirements; Los Angeles County Introduces Fair Chance Ordinance California Whistleblower Notice Requirements Starting January 1, 2025, California employers must comply with updated whistleblower protection notice requirements under Assembly Bill 2299. The new law provides that the Labor Commissioner will develop a model list outlining employees' rights...
TOOLS FOR BUSINESSES Corporate restructurings, operational revamping of business entities, and partnership disputes sometimes require out-of-the-box resolutions. Depending on the situation, we have placed a Chief Restructuring Officer, obtained a court receiver, placed an independent director on the board, and used other tools to solve business problems. If the goal...
IRS Form 1099: What Lawyers and Clients Need to Know Lawyers and clients have ample reasons to care about IRS Forms 1099, which allow computer matching of Social Security numbers and dollar amounts paid. In most cases, Forms 1099 report income, so if you receive a Form 1099, check the...
BUSINESSES ARE FILING BANKRUPTCY AT THE FASTEST PACE SINCE THE PANDEMIC Corporate bankruptcies are surging. June saw the highest monthly bankruptcy filings since 2020. Supply chain issues continue; consumers are spending less; and retailers are closing brick and mortar locations. The pandemic stimulus set off a shopping spree that lasted...
New California Security Deposit Law Takes Effect Today, July 1, a new California law is now in effect limiting security deposits to one month's rent for both furnished and unfurnished units. This legislation, AB 12 by Assemblyman Matt Haney, D-San Francisco, was signed into law by Gov. Gavin Newsom in...