Tag Archives: california

Ten legal mistakes emerging companies make

The attorneys of Wendel Rosen’s Technology Practice Group have compiled this list of 10 common mistakes they’ve seen in the trenches. Smart companies will take the time to address these issues early in formation to prevent a future situation that could turn into a company killer.  

  1. Choosing the Wrong Type of Entity

A big decision prospective company founders face is determining the type of entity formation their company should take – a “C” corporation, an “S” corporation or a limited liability company (LLC). In a nutshell, LLCs and “S” corporations have significant tax advantages. However, “S” corps can offer only a single class of common stock. That eliminates them as an alternative for most fast-growing tech companies, since investors typically want a different class of stock than those desired by company founders and employees.

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US truck - California 2007
 

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California environmental firm charged with defrauding state UST cleanup fund

Underground Storage Tanks 1

State prosecutors have charged a Santa Barbara, California-based environmental consulting firm and its owners with defrauding the state underground storage tank (UST ) cleanup fund by overbilling for cleaning up UST sites. State v. Hayden Envtl. Inc., No. N/A (Cal. Super. Ct. felony complaint filed 5/10/12). The complaint accuses the owners and the company of conspiring to commit grand theft, committing grand theft and presenting fraudulent claims to the State Water Resources Board’s Underground Storage Tank Cleanup Fund during 2008. If convicted, defendants face up to five years in prison and criminal fines in excess of $1 million.

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Port responds to trucking group’s petition to overturn parts of Clean Trucks Program

The Port of Los Angeles on Tuesday filed a response to the American Trucking Associations’ petition asking the U.S. Supreme Court to overturn several minor aspects of the Clean Trucks Program.

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