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CALIFORNIA CORPORATE & SECURITIES LAW

Finance Lenders Annual Report Deadline Is Nigh

Lenders and brokers licensed under the California Finance Lenders Law must file an annual report by the Ides of March (i.e., March 15) of each year.  Cal. Fin. Code § 22159.  This is a hard deadline and the Department of Business Oversight does not grant extensions.  The consequences of failure to the file the report can…

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Why Husbands Should Listen To Their Wives . . .

Yesterday was the famous Ides of March.  The Ides weren’t a holiday, but a term used in Roman calendar system which was based on three dates in each month, known as the Kalends or Calends (think calendar), Nones and Ides. The Kalends always falls on the first of the month, the Nones, depending on the month,…

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Another Modest Proposal – Risk Factors

This week, Broc Romanek launched CorporateAffairs.tv.  No, it’s not a live video feed of boardroom dalliances.  One of Broc’s first videos, Dramatic Risk Factors: We Face Competition (Vol. 1), inspired me to write about an idea that has been percolating in my cranium for some time. As Broc so entertainingly points out, many risk factors, such…

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Are Worker Cooperatives A “Sea Water Fish In A Freshwater Pond”?

Jaroslav Vanek is a professor emeritus in the Department of Economics at Cornell University.  He is recognized as a leading thinker on the subject of labor managed enterprises.  In fact, he wrote a seminal work on the subject in 1970 – The General Theory of Labor Managed Economies. In a 1995 magazine interview, he was…

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