Loading...
You are here:  Home  > 
Warning: Use of undefined constant single - assumed 'single' (this will throw an Error in a future version of PHP) in /home/customer/www/thevistapress.com/public_html/wp-content/themes/dailypress/include/breadcrumbs.php on line 38

Warning: Use of undefined constant ai1ec_event - assumed 'ai1ec_event' (this will throw an Error in a future version of PHP) in /home/customer/www/thevistapress.com/public_html/wp-content/themes/dailypress/include/breadcrumbs.php on line 38

Warning: A non-numeric value encountered in /home/customer/www/thevistapress.com/public_html/wp-content/themes/dailypress/include/breadcrumbs.php on line 38

Warning: Use of undefined constant single - assumed 'single' (this will throw an Error in a future version of PHP) in /home/customer/www/thevistapress.com/public_html/wp-content/themes/dailypress/include/breadcrumbs.php on line 54

Warning: Use of undefined constant ai1ec_event - assumed 'ai1ec_event' (this will throw an Error in a future version of PHP) in /home/customer/www/thevistapress.com/public_html/wp-content/themes/dailypress/include/breadcrumbs.php on line 54

Warning: A non-numeric value encountered in /home/customer/www/thevistapress.com/public_html/wp-content/themes/dailypress/include/breadcrumbs.php on line 54
Calendar >  Senator Jones Introduces Measure To Assist Small Businesses

Senator Jones Introduces Measure To Assist Small Businesses

By   /  January 14, 2021  /  No Comments

    Print    
Establishes a uniform process for small, owner-run corporations to quickly and easily remedy technical noncompliance issues
Sacramento, CA — State Senator Brian W. Jones (R-Santee) today introduced Senate Bill 218, a measure to allow small, owner-run corporations to handle ministerial paperwork corrections in a more simplified and uniform procedure.

Specifically, SB 218 amends the California Corporations Code so businesses can directly ratify (or petition the superior court to ratify) noncompliant, but otherwise lawful, corporate actions.
Unlike large corporations, which often have in-house counsel, small businesses usually handle most of their own regulatory paperwork. As these small businesses grow, the owner’s role may expand into new activities, such as seeking outside funding, acquiring other businesses, selling a line of the business (or the entire corporation), or undertaking an initial public offering. In these activities, minor, unintentional, and technically “non-compliant” paperwork issues may occur. SB 218 would provide an easy pathway for the business owner to correct the issue, return to compliance, and get back to running their business.

“We want small businesses to be successful and grow, both for the owners and their employees,” stated Senator Brian Jones. “The state should make it as quick and easy as possible for business owners to correct technical, non-compliant paperwork issues that were simple, honest mistakes. Business owners should be focusing on running their businesses and providing jobs rather than doing paperwork. SB 218 will help make this happen.”

SB 218 is sponsored by the California Lawyers Association and is awaiting referral to a policy committee.
Senator Brian W. Jones is Chair of the Senate Republican Caucus and was elected to the California State Senate in 2018 representing the 38th Senate District which includes Alpine, Escondido, Lemon Grove, El Cajon, La Mesa, Santee, Poway, San Marcos, Lakeside, Valley Center, Rancho Santa Fe, Julian, Ramona, Rancho San Diego, Bonsall, Fallbrook, Borrego Springs, and parts of the City of San Diego.
    Print    

Do you want more news like this? We're supported by our subscribers and readers!

About the author

Founder

Leave a Reply

Your email address will not be published. Required fields are marked *

You might also like...

California Republicans Request Governor Make COVID-19 Relief Business Loans Tax-Free

Read More →