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Business startup attorney los angeles

Is Your Startup Subject to the California Consumer Privacy Act?

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If you have a startup business headquartered in California, or even simply has a“presence” in California, then you need to be prepared to comply with the California Consumer Privacy Act (CCPA). The CCPA was fully enacted into law in 2020 and applies to a variety of business entities (including startups) that collect the personal information of California consumers. The Objective The CCPA was designed to make businesses in California more transparent in how they collect…
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Business Startup Attorney in Los Angeles

Is it Against the Law to Compensate a Non-Licensed Capital Funds Finder?

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When a startup is receiving professional assistance in raising neededcapital to continue growing the business and the brand, a common issue arises – whether the startup is allowed to compensate the individual helping raise capital with a commission or transaction-based fee if he or she is not a licensed broker dealer. Here is the answer: generally, no. This type of compensation structure is not allowed. Specifically, the use of an individual who is not a…
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Business Lawyer in Los Angeles

Drafting Privacy Policies – What You Need to Know

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The use, management, and maintenance of personal information by companies has received significant attention, and even national headlines, due to multiple states enacting consumer data privacy laws. California took center stage with the passage of the California Consumer Privacy Act (“CCPA”) in 2018, followed by the California Privacy Rights Act (“CPRA”) in 2020. This is why, as a business owner operating in or around Los Angeles, you need to invest the time and resources to…
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Business Lawyer in Los Angeles

The New Paycheck Protection Program Loan

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Congress recently passed, and the President signed, the “Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act” (i.e. the Economic Aid Act) into law. The legislation includes roughly $900 billion in financial assistance to individuals, small business owners, hospitals, etc. who are struggling to make it through the Coronavirus Pandemic. A key component of the Economic Aid Act was infusing the moribund Paycheck Protection Program (PPP) with an additional $284 billion in funds. This…
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Business Law Attorney Los Angeles

Now is the Time to Prepare for the California Privacy Rights Act

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If you are a business owner in California, protecting your customer’s personal information and sensitive data is no longer optional – it is legally required. This is due to the passage of the California Privacy Rights Act (the “CPRA”), a ballot initiative that passed by public vote on November 3, 2020. The CPRA is a groundbreaking law that sets California apart from virtually every other state in the country when it comes to consumer privacy…
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Business Attorney in Los Angeles

New Privacy Law May Be on the Horizon in California

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Privacy law has been a hot topic in California. It was not too long ago that the California Legislature passed the California Consumer Privacy Act (the “CCPA”). In fact, it was so recent that the CCPA officially went into effect at the beginning of 2020, with the enforcement period commencing as of July 1, 2020. Despite the recent passage of the CCPA, the California Legislature is seriously discussing the passage of another privacy law by…
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Business Attorney in Los Angeles

New Definitions Aimed at Promoting Capital Formation and Investment

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The U.S. Securities and Exchange Commission (the “SEC”) effectively redefined what it means to be an “accredited investor” and “qualified institutional buyer” after it adopted amendments in Rule 501(a) under Regulation D and Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”). The SEC issued a statement indicating that it adopted these amendments as part of a larger effort to simplify, harmonize, and improve the exempt offering framework under the Securities…
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Business Lawyer in Los Angeles

Significant Changes to the Paycheck Protection Program

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The Paycheck Protection Program Flexibility Act of 2020 was passed by Congress and signed into law by the President recently. The PPPFA was passed in order to address a number of significant issues related to its progenitor, the Paycheck Protection Program. The original PPP program was a pillar of the landmark $2.2 trillion CARES Act aimed at helping small business owners and average Americans financially during the Coronavirus pandemic. The PPPFA modifies the PPP program…
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business lawyer in Los Angeles

Does Your Startup Qualify for a Loan Through the New Paycheck Protection Program?

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If your startup is struggling in the midst of the COVID-19 pandemic, you are not alone. Many startups and small businesses have been hit hard due to the deadly Coronavirus. In an effort to help support businesses, employees, and your average American, Congress passed the  Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). If you own a startup in or around Los Angeles and are concerned during this difficult period, you may be…
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