Category: Business Law

By: Serge Filatov & Jack W. Easterbrook, Esq. An accountancy corporation must have at least one shareholder with an active California CPA/PA license. Generally, each director, shareholder, and officer must hold a valid license to practice public accountancy, but non-licensees may be shareholders or...
By: Serge Filatov & Jack W. Easterbrook, Esq. Accountancy corporations must renew their licenses every two years to retain practice rights and good standing in California. The CBA will mail renewal forms with instructions approximately two months before the license expiration date. Failure to...
By: Serge Filatov & Jack W. Easterbrook, Esq. Your firm’s name must meet the requirements set forth in the California Business and Professions Code [https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=BPC&sectionNum=5060] and California Code of Regulations [https://www.dca.ca.gov/cba/about/regulations.shtml#75.5]....
By: Serge Filatov & Jack W. Easterbrook, Esq. Before practicing or holding out to the public as an accountancy corporation, the corporation must be approved for licensure by the CBA. The application packet, available on the Firm Applicants page, includes a Check Sheet to...

The BOIR requirement has been canceled for domestic businesses FinCEN announced on February 27, 2025, that it will pause enforcement actions and not issue fines or penalties against companies for failing to file or update beneficial ownership information reports (“BOIR”s): FinCEN Not Issuing Fines...

Whether starting a new company, planning for succession, or managing ownership transfers, a buy-sell agreement is a key legal instrument. Every business owner should understand how the agreement operates, as it is a fundamental component of business law that protects the interests of both...