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Alan Markfeld profile picture
Alan Markfeld
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Dharmi is an excellent securities lawyer who understands the law as it pertains to these cases. She is extremely proactive and represents her clients well. I highly recommend Jacko and Dharmi.
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Danielle Martin profile picture
Danielle Martin
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I’ve had the privilege of working closely with this firm in my role as Chief Compliance Officer and I can confidently say they are an exceptional compliance partner. Their depth of experience is immediately evidentand they bring a level of practical knowledge. What I truly enjoy is their ability to translate complex regulatory requirements into plain English, often using real, everyday examples that make implementation far more manageable. They are also incredibly responsive and reliable. In a field where timing matters, their prompt communication and thoughtful guidance have been invaluable. If you’re looking for a compliance attorney who combines expertise, clarity, and professionalism, I highly recommend them.
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Curt Rocca profile picture
Curt Rocca
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Michelle and the team at Jacko Law Group have helped guide through a variety of critical circumstances as we ventured through the uncharted and unfamiliar territory of becoming and successfully operating as an RIA. I have particularly appreciated Michelle's personal involvement and genuine caring about us and our organization. She has been responsive and her counsel has been consistently on-point and helpful. She artfully guided us through our initial filing process and first SEC exam process - which went very well. Very grateful to Michelle and her team.
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Nicholas Di Paolo profile picture
Nicholas Di Paolo
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Michelle and her team were excellent to work with, front to back. They helped me to understand the challenges ahead and were always proactive in their consultation through every step of my transition. JLG truly know the wealth management industry very well and did a great job of understanding the challenges unique to my business. Without them, I can confidently say I would not have felt as comfortable through the transition as I did. Fortunately, that's not something that stops there - Michelle and her team have kept in touch to ensure that I'm on top of certain administrative issues, trends, and simply showing me that they care about my business and success. I look forward to continuing to work with them for many years to come.
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Margery Neis profile picture
Margery Neis
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Dharmi Mehta was extremely helpful when my business partner and I transitioned to a new RIA firm. She and her staff were all very professional. Her guidance during our transition was invaluable. I highly recommend Dharmi and Jacko Law Group.
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Joseph Burwell profile picture
Joseph Burwell
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Dharmi and Amandeep were a delight to work with. They assisted me with a claim and stuck with me the entire way through. Dharmi's advice was invaluable, and I was most impressed by her clear and professional communication. From beginning-to-end, both Dharmi and Amandeep kept me well informed. Their entire team are proud of their work and rightfully so. Thank you!
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Faruk Jaffer profile picture
Faruk Jaffer
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My mentor once told me that a good attorney is worth their weight in gold — and that couldn't be more true of Michelle and Amanda. Their expertise, professionalism, and responsiveness were top notch every step of the way. It's rare to find legal partners who are not only sharp and thorough, but also genuinely invested in your success. I’m grateful for their guidance and highly recommend them to anyone seeking trusted legal counsel.
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everistus etafo profile picture
everistus etafo
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It is my great Privilege to share my Review of what Atty Dharmi Mehta of Jacko Law Group did for me and by extension for my family. From the first time complimentary conversation we had having spoken to several other Lawyers ,l knew she was the right person for the Job .Because of her background as a former RR ,she was professional,kind, Empathetic,listened and was focused on fighting for me. From a potential of been terminated with cause ,l was able to walk away with a clean U5 with a validation that l did nothing wrong except what was in the best Interest of my clients. I hope nobody ever has to go through what l have Experienced, but if you do ,you want Dharmi Mehta beside you .Rest assured your service Deserve 10 stars but this forum only allows 5. Me and my family are forever grateful and will make sure that any RR who needs an advocate will know about you . Everistus Etafo
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Karen Althaus
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I have worked with Jacko Law Group for 2 different business situations that necessitated an attorney. In both cases, the team was very thorough & competent. Their attention to our situation and the extra effort they put into our case(s) was very much appreciated. I would highly recommend Jacko Law Group!

Annual Reviews & Risk Assessments

Annual Corporate Filings

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5 mins read

Annual corporate filings are essential requirements that ensure a business remains in good standing.

Businesses must undertake a comprehensive review of their business to understand its current stage, determine whether prior annual corporate filing obligations still apply, and assess if filing requirements have changed due to fundamental shifts in the business.

Filing requirements can vary depending on the company’s stage, making it crucial to stay informed about the specific obligations that apply at each phase. Additionally, businesses must keep up with any updates to reporting requirements. Meeting these compliance obligations is vital for business continuity and helps safeguard the company against potential risks.

Jacko Law Group helps clients form and grow their businesses, providing legal and compliance support at every stage of the company’s growth. We also assist in ensuring that Annual Corporate Filings align with the current stage of the business.


Existing Businesses

Existing businesses have several filing obligations to meet in order to maintain compliance and strengthen corporate governance:

  • Annual Meetings: Corporations are required to hold annual shareholder/director meetings and maintain corporate minutes documenting any key decisions and material changes to the business.
  • Annual/Biennial Reports: California (and several other U.S. states) requires businesses to file a “Statement of Information” annually or biennially, depending on the entity type, to maintain good standing.
  • Amendments to Governing Documents: Changes to the business must be documented in the company’s bylaws, operating agreements, and partnership agreements.
  • Stock Ledger and Certificate Maintenance: Corporations must maintain records of shareholders and information related to the shares held, including transaction dates. It is also important to ensure the information aligns with shareholder agreements and corporate bylaws.


Newly Formed Businesses

Setting a strong foundation for a new entity can pave the way for long-term success: This requires taking the necessary stepts to meet filing obligations, including:

  • Entity Formation: New businesses must file the appropriate documentation to legally form their company. The structure of the entity determines whether the business should file Articles of Incorporation (for corporations) or Articles of Organization (for LLCs).
  • Governing Agreements: A new business must establish governing agreements pertinent to the structure and organization of the entity, including partnership or shareholder agreements, operating agreements, and corporate bylaws.
  • Employer Identification Number (EIN): New businesses should obtain an EIN for tax purposes and financial operations.
  • Blue Sky Laws and Other Securities Filings: Businesses that issue securities (or plan to issue securities) must understand both state and federal regulations and file accordingly.
  • Initial Statement of Information: New LLCs and corporations registered in California must file an initial “Statement of Information” with the Secretary of State within 90 days of formation.


Businesses in Transition (Ownership Transition)

Businesses undergoing a transition such as succession planning, are obligated to ensure the process aligns with a robust business continuity plan:

  • Corporate Governance: It is essential to update operating agreements, client agreements, shareholder agreements, or partnership agreements to reflect new ownership.
  • State & Federal Registration: Businesses must ensure that all business registrations, such as licenses and tax information, reflect the change in ownership.
  • Corporate Records: Updating all corporate records, such as the stock ledger, to reflect the new ownership structure is key to avoiding any complications in the transition process. This is especially important for businesses that issue shares or have shareholders.

Businesses are required to meet their Annual Corporate Filing obligations. However, changing regulations, new administration, and the business’s evolution can make it challenging for a company to fully understand and meet its filing requirements.

If you would like assistance with determining and meeting your Annual Corporate Filing obligations, please call us at 619.298.2880 or email [email protected]. JLG serves as Agent of Service of Process for our clients and our team is ready to help!

About the author

Jacko Law Group provides tailored legal services and effective strategies for success, delivering exemplary solutions to complex legal and regulatory challenges to ensure that both business efforts and compliance obligations are satisfied.

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