From The Desks of Olivia Young and Angela Greenspan Starting January 1, 2024, the Corporate Transparency Act (the “CTA”) and its reporting requirements will impact an estimated 32 million companies doing business in the United States. All companies, and their owners, should begin educating themselves on the requirements and gearing up to comply with the [...]
The California Privacy Rights Act (CPRA) will take effect on January 1, 2023. The CPRA imposes additional requirements on companies that do business in California, expanding upon its predecessor in privacy: the California Consumer Privacy Act (CCPA). With the rules and regulations governing consumer data privacy soon subject to change, it is the responsibility of [...]
FLAS attorneys Trevor Large, Marcus Kocmur, and Michael Fauver were featured in the Pacific Coast Business Coast Times’ "Who's Who in Professional Services" issue. The issue recognizes the leading attorneys and certified public accountants in the Tri-Counties. Read an excerpt from the issue below: For professionals interested in learning more about the top CPAs and [...]
May 2021 Small businesses need capital to startup, operate, and grow. When entrepreneurs lack the ability or desire to fund a venture entirely from personal assets, they will seek capital from outside investors. If you have or plan on founding a startup, it is imperative to have a general understanding of United States securities laws. Many [...]
December 2020 We love to help clients start and grow successful businesses, bring ideas to market and create value. We also love to help client protect what they have built. One of the ways we are called upon to do so is when the need arises to file or defend against a lawsuit. No rational [...]
November 2020 At the start of this legislative session, the California Legislature seemed primed to pass bills that would have significantly impacted housing production and regulation. However, due to the wide-ranging impacts of COVID-19, many were either dropped or tabled for next year. Still, the Legislature did end up passing several more modest amendments [...]
November 2020 This election season brought a number of new propositions to California ballots. Included on the ballot was Proposition 24, the California Privacy Rights Act of 2020 (“CPRA”). It will strenghten California’s already robust consumer privacy protection law – the California Consumer Privacy Act (“CCPA”) – but also adds burdensome regulations for businesses across [...]
October 2020 It’s the time of year that we try to update you on the new laws affecting employers in the State of California. The legislative session has completed and the Governor has now either signed or vetoed all the bills sent to his desk. Below is an attempted summary of key bills for employees [...]
Santa Barbara County moves into the red tier allowing more businesses to open and for some to include indoor operations, with modifications. The County of Santa Barbara’s Public Health Department announced that Santa Barbara now qualifies for red tier status after two consecutive weeks of meeting its rolling average. Gyms, movie theaters, personal care services [...]
Change Will Open the Private Securities Markets to More Participants August 2020 The Securities and Exchange Commission adopted amendments to the SEC rules which expand the definition of who will qualify as an “accredited investor.” Historically, individuals have been required to meet minimum requirements for either income ($200,000) or net worth ($1,000,000) before they can [...]
