In California, Section 600(b) of the Corporations Code requires the shareholders of the corporation to hold an annual meeting to elect corporate directors. A corporation must create bylaws (e.g.The forms constitute the bulk of those necessary for the day to day keeping of the corporate formalities in a California corporation. A Note on Timely Filing: Business Taxes are due January 1st of each year and are delinquent if not paid on or before the last day of February of each year. Figure FSP 5-1 shows an example statement of changes in stockholders' equity in columnar format. The DFPI regulates all offers and sales of securities in California. Stockholders' equity is the remaining amount of assets available to shareholders after paying liabilities. Learn how to calculate stockholders' equity. The Treasurer and Tax Collector mails the Annual Secured Property Tax Bills each year in October to every owner listed on the Secured Tax Roll. What happens to my retirement benefit if I decide to leave the City?