Worker’s Compensation. Workers’ compensation is the oldest social insurance program in the United States; programs vary from state to state. Workers’ compensation insurance became mandatory for California employers in 1913. California Labor Code requires all employers (with at least one employee) to carry workers’ compensation insurance. It is a no-fault system, meaning that injured employees need not prove the injury was someone else’s fault in order to receive workers’ compensation benefits for an on-the-job injury.
The workers’ compensation system is premised on a trade-off between employees and employers – employees are supposed to promptly receive the limited statutory workers’ compensation benefits for on-the-job injuries, and in return, the limited workers’ compensation benefits are the exclusive remedy for injured employees against their employer, even when the employer negligently caused the injury. There are three basic parts to the workers’ compensation system: The Benefit Structure Self-insurance. Registering a Fictitious Business Name. A fictitious business name statement (D.b.a. or “doing business as”) must be registered with the county clerk of the county of the registrant’s principal place of business if the business is any of the following: Sole proprietorship doing business under a name not containing the owner’s surname, such as Smith Accounting Services; Partnership; or, Corporation doing business under a name other than its legal name Fictitious business names are not filed with the Secretary of State’s Office.
There is no provision in California for registration, in a central registry at the state level, of fictitious business names. You must contact the city and/or county clerk and/or recorder where the principal place of business is located for information regarding filing or registering fictitious business names. The statement must be filed within 40 days of the commencement of business or before the statement on file expires. Loans and Financial Assistance. Commercial Financial Institutions The best chances for obtaining commercial loans are through in-country financial institutions or their overseas branch offices or affiliates with which a business already has an account and/or relationship. CalBIS does not provide guidance on obtaining commercial loans; however, CalBIS can assist companies in identifying California offices of foreign financial institutions. Venture Capital The benefits, risks, sources and guides to obtaining venture capital are widely documented. For starters, a great amount of information can be found at a local bookstore about the possibilities, application processes, and publications that list sources of venture capital.
CalBIS does not provide guidance on obtaining venture capital. Government Sources Several state-sponsored financial assistance programs are available to firms locating, expanding or modernizing facilities in California. Business financing Environmental loans Public infrastructure financing. California Southern - Small Business Development Corporation. Www.sos.ca.gov/business/corp/pdf/naavinquiryform.pdf. Business Entities. News & Notices, Customer Alerts and Processing Times News & Notices: Get the latest information about changes affecting business conducted with the Business Programs Division. Customer Alerts: Get the latest information about confirmed scams against Californians and businesses in the State of California, and what you can do if you have been a victim of a scam.
Get the current processing times for Business Entities and determine which method of submission meets your needs. Online Processing The required Statement of Information for most corporations can be filed online and is processed generally in one business day. A free PDF copy of the submitted Statement of Information will be returned electronically following confirmation of payment, if an email address is provided. Additional plain copies and certified copies may be requested at a later time in person or by mail. General provisions governing most business entities are found in the California Corporations Code.