A bill recently signed by Gov. Jerry Brown seeks to eliminate a two-month long delay on the state level in processing business applications.
Assembly Bill 113, authored by John Perez, D-Los Angeles, grants $2 million to the Secretary of State's office in attempt to eliminate a backlog of 122,000 business entity filings that currently take 65 calendar days to be processed, causing businesses to wait months to hire and finalize plans, according to the California Chamber of Commerce, which supported the bill.
The bill, effective immediately, appropriates funds to support overtime and temporary workers to help get rid of the backlog.
Speaker Perez has indicated that a trailer bill is likely that would require a five-day turnaround for business filings by November
“AB 113 sends a good message that our Legislature is resolving barriers to business formation,” Allan Zaremberg, president and CEO of the California Chamber of Commerce, said in a statement. "To be competitive, California must be able to finalize business filings consistent with what is the standard in other states.”
Farella Braun + Martel LLP, with offices in St. Helena and San Francisco, announced the addition of three attorneys to its ranks.
[caption id="attachment_73351" align="alignright" width="420"] Alexis Petas, Jacqueline Swigler, Jake Storms[/caption]
Joining the firm are Alexis M. Petas as a senior associate in the tax group and Jacqueline P. Swigler as an associate in the business transactions group. Jake W. Storms joins Farella’s San Francisco and St. Helena offices as an associate in the real estate and land use department and wine industry group.