In June 2018, California enacted one of the most comprehensive privacy laws in the country, the California Consumer Privacy Act of 2018 (the “CCPA”). Although the CCPA will not go into effect until January 1, 2020, businesses should immediately take steps to determine whether it applies to them and, if so, begin implementing procedures that will enable them to comply with the CCPA once it takes effect. Businesses that fail to timely comply could receive substantial fines. Therefore, if your business collects, stores, shares, transfers or sells personal information of California residents, you will want to take the five steps outlined herein.