What's New

NOTE: Questions concerning the organization of corporations, limited liability companies, limited partnerships, foreign (other state) corporations, qualifying or registering to do business in California, dissolutions, articles of incorporation, certificates of good standing, current officers and directors, agents for service of process, and name availability should be addressed to the Business Programs Division of the California Secretary of State.

• 05/01/08 - The California Corporations Commissioner has decided not to proceed with the proposed rulemaking action amending the licensing exemption for certain investment advisers with fewer than 15 clients and $25 million or more in assets under management, who do not hold themselves out to the public as investment advisers (Section 260.204.9 of Title 10 of the California Code of Regulations.)  (PRO 41/06)

• 04/29/08 - The California Corporations Commissioner adopted amendments to Section 310.111 of Title 10 of the California Code of Regulations, to conform the Franchise Investment Law rule to the Federal Trade Commission’s new disclosure format for franchises.  These amendments were filed with the Secretary of State on April 28, 2008, and are effective upon filing with the Secretary of State.  (PRO 31/04)
• 04/29/08- ** INTERNET ALERT – iNetDataEntry and Wannex, LLC. ** - The Department of Corporations has been notified that iNetDataEntry (www.inetdataentry.com) is claiming to be a division of Wannex, LLC and a work at home data entry referral service. iNetDataEntry is falsely advertising at its website that it is registered with the California Department of Corporations under Wannex, LLC.  iNetDataEntry which states its office is at 19713 Yorba Linda Blvd., #182, Yorba Linda, Ca 92886 is not registered with the California Department of Corporations. (Consumer Alerts - Licensing Claims)
• 04/22/08 - ** INTERNET ALERT – Swiss Escrow-Service Co. ** - The Department of Corporations has been notified that Swiss Escrow-Service Co., Swiss Escrow-Service and Swiss Escrow-Service LLC (swisses.net) are offering escrow services over the internet and are falsely advertising at its website that it is a licensed escrow company.  Swiss Escrow-Service Co., Swiss Escrow-Service and Swiss Escrow-Service LLC which states its offices are in Switzerland and California are not licensed by the California Department of Corporations. (Consumer Alerts - Escrow)
• 04/16/08 - ** INTERNET ALERT – C.L.C. BancGroup, Inc. and C.L.C. Bank ** - The Department of Corporations has been notified that C.L.C. BancGroup, Inc. and C.L.C. Bank (www.citiloanz.com) are offering loan services over the internet and are falsely advertising at its website that it holds California Department of Corporations license 4130426. This license number  belongs to Home Loan Center, Inc., dba Lendingtree Loans, Getsmart, Getsmart Loans, which does hold a license from this Department. C.L.C. BancGroup, Inc. and C.L.C. Bank which state its head office is at 6284 Millpond Lane, Union, ON N0L 2L0, Canada are not licensed by the California Department of Corporations and are not associated with Home Loan Center, Inc., dba Lendingtree Loans, Getsmart, Getsmart Loans. (Consumer Alerts - Lending)
• 03/25/08 - On April 23, 2008, the Department of Corporations is presenting an Investment Adviser Education Seminar at the Town and Country Resort & Convention Center in San Diego, CA to provide information on regulatory requirements and proposed rule changes. This seminar is for Investment Advisers in the San Diego and Imperial counties. Other advisers may request to be placed on a waiting list by sending an email to RAE@corp.ca.gov. Please visit our website periodically for future seminars in other areas. You may also contact our call center at 1-866-ASK-CORP (1-866-275-2677) for additional information.
• 03/24/08 - The California Corporations Commissioner adopted amendments to Sections 260.241 and 260.241.2, and repealed Sections 260.218.5 and 260.241.1 of Title 10 of the California Code of Regulations.  The amendments revise the record keeping and reporting requirements for broker-dealers and investment advisers.  These amendments were filed with the Secretary of State on March 6, 2008 and become effective on April 6, 2008.  (PRO 28/01)
• 03/10/08 - Pursuant to Financial Code Section 23057, the Commissioner of Corporations released the Department of Corporations Report to The Governor And The Legislature on The California Deferred Deposit Transaction Law.   To supplement its report, the Department is providing another report with additional information prepared by its consultant and the Errata. Should you have additional questions please contact the Department's Media Relations Division at (916) 322-7180.
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