Monthly Archives: February 2012
As of January 1, 2012, California businesses have two new options: the Benefit Corporation and the Flexible Purpose Corporation. This post is the second in a series that will cover what they are, the pros and cons of each, and other questions about the new laws. As we discussed in our last post, a Benefit Corporation is a new kind of business that 1) works to create a positive impact on society or the environment; 2) considers non-financial ends when making decisions; and 3) reports on its social and environmental performance using third party standards. It has great potential to bring socially positive businesses to California, and gives current businesses a new way to pursue their goals. But, we lawyers are … Continue reading
One of the most important areas of employment law over the last few years is known as family responsibilities discrimination. This focuses on the rights of an employee to take time off of work because she is pregnant, his spouse is pregnant, to care for a sick child, or care for an elderly parent, among other issues. The Equal Employment Opportunity Commission (EEOC) recently held a panel on this important area of employment law; a brief summary is available here. Contact us today if you have questions about your right to take time off to care for your family, or if you seek advise about what accommodations your employees are allowed to take.
As of January 1, 2012, California businesses have two interesting new options to consider when forming: the Benefit Corporation and the Flexible Use Corporation. This post is the first in a series that will cover what these entities are, pros and cons of each entity, and other questions about the new laws. The newly-created Benefit Corporation is a hybrid of a traditional corporation and a non-profit organization. While a traditional corporation can take on a socially responsible or environmental cause, it ultimately has to create profit with all of its decisions. If not, directors expose themselves to lawsuits from unhappy shareholders. Conversely, non-profits must ensure their actions do not result in excess profits, which can cost them their tax-exempt status. … Continue reading