Spring isn’t just a time for cleaning—it’s also the perfect time for corporations and LLCs to take care of important annual legal formalities. Whether you’re a solo entrepreneur or manage a growing company, your annual meeting and related documentation are essential to keeping your business compliant and protected. What Is an Annual Meeting? An annual meeting is a formal gathering of a corporation’s shareholders and/or board of directors, or an LLC’s members and managers, to review the company’s performance, approve important decisions, and reappoint leadership if needed. Whether you’re running a single-member LLC or a corporation with a board and... READ MORE

MARCH 21, 2025 UPDATE Consistent with the U.S. Department of the Treasury’s March 2, 2025 announcement, the Financial Crimes Enforcement Network (FinCEN) is issuing an interim final rule that removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) to FinCEN under the Corporate Transparency Act. What’s Changed?Only foreign companies that register to do business in the U.S. are now required to report BOI.U.S.-formed companies (formerly called "domestic reporting companies") are exempt. What This Means for You:If your business was formed in the U.S., you no longer need to file BOI reports with FinCEN.U.S. persons... READ MORE

A business website is often the first point of contact between you and your potential customers. But with this powerful tool comes great responsibility—specifically, the obligation to protect your visitors' privacy and ensure your site is accessible to all. If you're a business owner, ensuring that your website complies with privacy laws and digital accessibility standards isn't just a legal requirement—it's also key to building trust with your audience. Privacy Policies: What You Need to Know A privacy policy is a statement that explains how your website collects, uses, and protects the personal information of its visitors. This information can... READ MORE

As spring approaches, we urge business owners to prioritize their compliance with corporate, federal, and legal requirements. It's a critical step in ensuring your business stays on track and avoids potential pitfalls down the road. Here's how Chase Law Group, with its wealth of experience and expertise, can guide you through each aspect of compliance and beyond: Tailored Expertise Across Industries and Stages: With years of experience assisting businesses of all sizes, types, and industries, our firm understands the unique challenges you face. Whether you're a startup carving out your niche, a growing enterprise navigating expansion, or an established corporation... READ MORE

Since this post was written, there are updates to the status of the requirements. Please refer to the most current post or contact our office for the latest. Contact Chase Law Group at 310-545-7700. As of March 7, 2024 At Chase Law Group, we've had several inquiries with regard to the status of compliance with the Corporate Transparency Act (“CTA”) in light of the March 1, 2024 ruling by the federal district court in the Northern District of Alabama in the National Small Business United v. Yellen, No. 5:22-cv-01448 (N.D. Ala.) wherein the court found the CTA to be unconstitutional... READ MORE

As we step into 2024, small businesses may face evolving regulations. From the Corporate Transparency Act to the nuanced IRS reporting rules and the watchful eye of the Consumer Financial Protection Bureau (CFPB), business owners must be aware of these areas. In this article, we share a few key regulatory changes to keep an eye on for 2024. Stay informed, stay compliant, and stay ahead with these insights. Corporate Transparency Act & Registering with FinCEN Starting on January 1 2024, your company may be required to report information about the people who own or control it to the US Treasury... READ MORE

It's easy to overlook updating corporate minutes amidst the hustle and bustle of running a small business. However, neglecting this essential responsibility can have significant consequences for the health and success of your company or organization. Corporate minutes serve as a crucial record of key decisions and actions taken during company meetings, and maintaining accurate and up-to-date records can be a game-changer for small businesses. Even for single-owner companies, keeping your corporate minutes updated still remains pivotal. While the process may be less complex, not having multiple stakeholders, it is just as important for maintaining legal clarity and safeguarding the... READ MORE

Since this post was written, there are updates to the status of the requirements. Please refer to the most current post or contact our office for the latest. Contact Chase Law Group at 310-545-7700. Starting on January 1 2024, your company may be required to report information about the people who own or control it to the US Treasury Department’s Financial Crimes Enforcement Network (FinCEN). FinCEN promotes national security and protects the US financial system from fraud and abuse by criminals and corrupt officials. In 2021, Congress passed the Corporate Transparency Act which creates a new requirement for many companies formed or operating in... READ MORE

By Scott Liner, Employment Attorney California employers must meet all state and federal requirements related to posting employment-related information in the workplace. Specifically, the California Department of Industrial Relations requires employers to post information related to wages, hours and working conditions in an area frequented by employees where it may be easily read during the workday. The required posters can be seen here by clicking on this link to the Department of Industrial Relations. Federal law required postings can be viewed by clicking here. Many of the workplace posters are available at no cost from the requiring agency or can... READ MORE

Inflation can be a challenging economic situation for small business owners. Rising prices of goods and services can make it difficult to keep your customers happy, pay your employees, and stay in business. So how can small business owners adapt to inflation and thrive in a challenging economic environment? Here are some strategies to consider adopting and how Chase Law Group can help. Manage Costs: One of the most effective ways to adapt to inflation is to manage costs effectively. This means taking a hard look at your business expenses and finding ways to reduce them without compromising on quality.... READ MORE