ALERT! New Regulation, File before 12/31/2024 to avoid potential jail time and files of $591/day!
On January 1, 2024, the new requirement to file a beneficial ownership information (BOI) report with the Financial Crimes Enforcement Network (FinCEN) went into effect. More than 32 million entities – mostly small businesses – have to file this report, which is required by a federal law called the Corporate Transparency Act (CTA). Violations of this law can result in a civil penalty of up to $591 per day, the violation continues and criminal penalties of up to $10,000 and two years in prison. If your
2024 California Contractors License Law & Reference Book
Significant changes made to streamline book Sacramento, CA – The 2024 edition of the Contractors State License Board (CSLB) California Contractors License Law & Reference Book (Law Book) is now available. CSLB is pleased to introduce a streamlined law book that includes essential information for the California construction industry. The Law Book can be purchased directly from the publisher, or the online PDF version can be viewed or downloaded at no cost on the CSLB website. CSLB has reviewed and made
Civil Rights Department Publishes Updated ''California Law Prohibits Workplace Discrimination and Harassment'' Poster
Government Code section 12850 and related regulations require all California employers to display the “California Law Prohibits Workplace Discrimination and Harassment” poster in a conspicuous place where employees gather. The Civil Rights Department published an updated version of this poster that includes information about protections for employees taking bereavement leave or leave for reproductive loss. It also contains information about prohibitions against discrimination based on an applicant’s use of
CSLB Reminds Licensees of New Laws Beginning January 1, 2024
Sacramento, CA – Heading into 2024, the Contractors State License Board wants to remind licensees of new laws taking effect in the new year.SB 630 (Dodd) This bill requires CSLB licensees and applicants to provide an email address, if available, when they obtain and renew licenses. The email addresses are not subject to disclosure under the California Public Records Act. This bill also authorizes the Registrar to automatically reimpose license revocation when probationary conditions placed on a license are
Contractors with No Employees Face New Workers' Compensation Requirement
A new law will require almost all contractors in California to carry workers’ compensation coverage, regardless of if they have employees or not. According to the author of the bill, State Senator Bill Dodd (D-Napa) the new law was necessary due to the tendency of many small contractors to claim they have no employees, when in fact they regularly hire day laborers or undocumented workers. Since a firm with only an owner and no employees is not required to carry workers’ comp coverage, those workers would