Mr. Fathi graduated with a Bachelor of Arts in Psychology from the University of North Texas. He earned his Juris Doctorate from Golden Gate University, School of Law.
While at GGU, Mr. Fathi was the Co-Chair of Pride Law, presented at the School’s Poverty Law Symposium, and received awards for his work in public interest. He was a certified law student at GGU’s Women’s Employment Rights Clinic and, also, externed for the Honorable Maria Elena-James of the Northern District of California.
Since law school, Mr. Fathi worked for a notable non-profit in San Francisco as a civil litigator, partnered with a San Francisco Supervisor’s office to assist in legal education to the public, and has appeared in local news articles and a spoken at a press conference about legal developments and challenges.
Mr. Fathi is admitted to the California and the Texas bar.
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Minimum Wage in the Bay Area effective July 1
California's current minimum wage stands at $15 per hour. On May 12, 2022, Governor Gavin Newsom announced that the California minimum wage for all businesses is projected to increase to $15.50 as of January 1, 2023.
However, within San Mateo County, several cities have minimum wage requirements higher than that of the State of California:
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City
Belmont
Burlingame
Daly City
Foster City
Redwood City
San Mateo
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Minimum Wage as of July 1, 2022
$16.20
$15.60
$15.53
$15.75
$16.20
$16.20
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Elsewhere in the Bay Area, the minimum wage is also higher than the state minimum: |
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City
Emeryville
Oakland
San Francisco
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Minimum Wage as of July 1, 2022
$17.68
$15.06
$16.99
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New Filing Requirements for LLCs, Partnerships, and Corporations
Potentially as soon as late 2022 or early 2023, a new U.S. regulatory requirement will come into effect which will affect small businesses formed as LLCs, Partnerships, or Corporations. The Corporate Transparency Act ("CTA") will require small legal entities like LLCs, Partnerships, or Corporations (called “reporting companies”) to file information about themselves and the individuals who formed, own and control them (called the “beneficial owners” and “applicants”) with a division of the U.S. Treasury Department. Failure to do so may result in significant civil and criminal penalties.
Below is a high-level summary of the requirements of the CTA, including who must comply, what data must be reported, when reports will be due, and what criminal and civil liability could accrue for noncompliance.
What is a “reporting company,” and what are their responsibilities under the CTA?
- Any legal entity that is formed through a filing with a state secretary of state is potentially a “reporting company.” This includes but is not limited to corporations, LLCs, most partnerships, certain trusts, and other entities.
When will the regulations take effect?
- A start date has not yet been set, but it could be sometime in late 2022 or early 2023. The Department of the Treasury will be required to build a technical infrastructure to house the filed information.
When are reporting companies’ first reports and updated reports due?
- Existing reporting companies will have one (1) year to make their initial report.
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Entities formed on or after the regulation’s effective date will have only 30 days to make their first reports.
What data must reported about “beneficial owners” and “applicants”?
- About themselves:
- Reporting companies must report their legal names (including d/b/a names), business street address, the jurisdiction where they were formed or registered, and their tax ID number.
- About their beneficial owners:
- “Beneficial owners” are those who have substantial control over a reporting company or own or control at least 25% of it.
- Beneficial owners must provide their legal name, date of birth, residential street address, and the ID number from a state-issued ID, including a picture of the ID.
- About their applicants:
- “Applicants” are the individuals who made the decision to form or register a reporting company with the secretary of state, as well as those who actually perform the filing. Attorneys and similar third-party service providers may all be “applicants.”
- Each applicant must provide their legal name, date of birth, business street address, and the ID number from a state-issued ID, including a picture of the ID.
What happens if you don’t report, report falsely, or if you mishandle reporting data:
- Willful failure to report or willfully providing false beneficial ownership information or a false document or photograph “shall” be punished with a civil penalty of up to $500/day, plus a possible criminal fine of $10,000 and up to 2 years in prison, or both.
- Knowingly disclosing or using beneficial ownership data for an unauthorized purpose “shall” be punished with a civil penalty of $500/day, plus a mandatory criminal fine of up to $250,000 or up to 5 years in prison, or both.
Who may access the data?
- Federal law enforcement, intelligence agencies and regulators, including the IRS, will be able to access the data without a court order. State law enforcement will need a court order. Exactly who may access the data, and how, will be defined in future regulations.
As of now, there is no filing requirement, but owners of LLCs, Partnerships, and Corporations should stay tuned for the start date of the Corporate Transparency Act.
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Community Spotlight
This newsletter we spotlight the California Women Lawyers (“CWL”). CWL was chartered in 1974. It was organized "to advance women in the profession of law; to improve the administration of justice; to better the position of women in society; to eliminate all inequities based on gender, and to provide an organization for collective action and expression germane to the aforesaid purposes."
Such organizations are essential to women’s place in the legal profession, community, and society. In its recent decision in Dobbs v. Jackson Women’s Health Organization, the United States Supreme Court overturned the landmark 1973 Roe v. Wade decision that established a woman’s fundamental right to choose to have an abortion. The Dobbs opinion sends that decision back to the states, the majority of which are poised to severely restrict or outright ban abortion, even in cases of rape, incest, and the health of the mother. This is the first time that the Supreme Court has used its authority to reverse an individual constitutional right.
Domestic violence, sexual assault, and reproductive choice are inextricably linked. Access to safe abortion and contraception is fundamental to a woman’s safety, healthy, and equality to man. Abortion bans will disproportionately affect the poor, women who have been raped or abused, and women and families struggling to care for their existing children. The Dobbs opinion also dangerously unravels over 50 years of advancement in constitutional freedoms and protections.
CWL is committed to working to protect women’s bodily autonomy and reproductive rights, whether through legislative efforts, legal proceedings, or outreach efforts to women in states that do not safeguard women’s reproductive freedom. In anticipation of the Dobbs decision, CWL reaffirmed its position that a woman’s ability to make independent and informed decisions about her reproductive health is fundamental to her self-determination. CWL president Ana M. Storey said, “Now, more than ever, the work of groups like CWL in amicus briefing and legislative action is vital in protecting the rights of women, and we stand in solidarity with our sister bar organizations in states where women’s rights are under attack.”
Our firm is a continuing sponsor of CWL, with managing partner, Amanda L. Riddle, speaking on panels at past CWL annual conferences and our attorneys attending CWL events annually.
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Employment Law Litigation
When issues arise, our attorneys focus on early intervention to resolve problems within the business before the issue escalates ...
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Business & Commercial Transactions
Since 1964, our firm has provided tailored advice to business clients of all sizes. From sole proprietorships to Fortune 500 companies ...
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Probate & Trust Litigation
Along with the provision of estate planning legal services, we have extensive experience litigating matters resulting from estate disputes involving ...
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Millbrae Office
700 El Camino Real
Millbrae, CA 94030
Phone: (650) 871-5666
Email: info@coreylaw.com
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Half Moon Bay Office
625 Miramontes Street, Suite 106
Half Moon Bay, CA 94019
Phone: (650) 726-7578
Email: info@coreylaw.com
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