There are many operational requirements that must be handled when starting business as a California corporation. And some of these requirements have strict timing deadlines. Attorneys and clients should review these requirements and divvy up responsibilities for them. Use this handy table for quick reference of required actions and their timing.
Our last blog post was about mistakes that are made on common types of corporate filings, resulting in having them kicked back by the Secretary of State. We continue that theme with mistakes that are made on corporate merger documents. Avoid these errors or risk rejection.
In addition to the embarrassment factor for counsel and the extra time and expense involved, a rejected corporate filing can throw a wrench into what would otherwise be an orderly sequence of events in a transaction. To avoid all of these problems, be mindful of the following reasons why common types of filings get rejected by the California Secretary of State.