Month: October 2022

Many California new business filing fees have recently been lowered to $0 (free). This development is welcome news to entrepreneurial hopefuls, but what does it really mean? 

Below, we’ll break down everything you need to know about the new California business filing fees. We’ll explore which filings are $0, the types of business entities you can now form for less, and anything that’s changed with regard to starting a new business in the Golden State. 

What CA formation documents are now $0 (free) to file? 

Most California new business formation documents are now free to file, including: 

• Articles of Organization (LLC) 
• Articles of Incorporation (Corporation)
• Application to Register (Foreign LLC)
• Statement and Designation by Foreign Corporation 
• Certificate of Limited Partnership  
• Application for Registration (Foreign Limited Partnership)

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Note: There are still two formation documents that cost $70 to file. They include the Application to Register a Limited Liability Partnership (LLP) and

Macroeconomic forces and geopolitics combine to create a negative backdrop for small and medium sized businesses. Despite these significant headwinds, there are some reasons to be comparatively more optimistic for the restaurant industry.

Large bellwether companies continue to experience and forecast significant macroeconomic challenges. FedEx’s CEO, for example, now expects a global recession.  A host of related forces contribute to this prediction, including softening consumer spending; higher interest rates; currency exchange rates that make US exports more expensive; negative wealth effects as assets (e.g., stocks) decline; and shifts in business investment  Hence, regardless of whether we are in (or will enter) a technical recession, economic growth has and will slow relative to trend.

The restaurant industry was especially hard-hit by Covid. However, the industry has made progress recovering: Total restaurant sales increased from $66.3 billion in January 2021 to $86.2 billion in August 2022 (adjusting for inflation). Anecdotes

Mark Zuckerberg introduced Facebook’s rebranding to Meta at the company’s annual Connect event last year to reposition the company for the “new internet,” the metaverse.

The metaverse has been around for some time as a kind of urban legend, perhaps aptly described in the 2011 science fantasy book Ready Player One. That was until some of the biggest names in tech started investing heavily in related technologies, including virtual and augmented reality (VR/AR), Internet of Things (IoT), and artificial intelligence (AI).

Today AI is one of the most exciting technology fields to work on. Zuckerberg said the metaverse is something he’s wanted to work on since even before the conception of Facebook. And the company’s Meta AI research lab is on the cutting edge of both AI and the metaverse.

The new direction was met with some trepidation. The social media site Facebook, which retains its name, is already