A legal blog on private funds, startups, and venture capital.
A legal blog on private funds, startups, and venture capital.
The so-called “friends and family” round is often the first capital raise a new startup will engage in. Many entrepreneurs often go into it without any knowledge of securities laws and, as a result, end up violating them, sometimes with…
Every now an then, one of my fellow legal bloggers writes an excellent post that I feel would be of tremendous use to my readers. Since a lot of the people who read this blog are entrepreneurs in the media…
One question I frequently receive from people seeking to start a new business is whether they should incorporate that new business in Delaware. They frequently hear vague notions of the benefits of incorporation in Delaware but haven’t heard any definitive…
Representative David Schweikert (R-AZ) recently introduced a bill called the “Private Company Flexibility and Growth Act,” which promises to allow private companies to remain private for a longer period of time. Currently, if on the last day of a company’s fiscal…
Business owners will often say that they hired someone as a “1099 employee.” What they actually mean is that the business came to an arrangement with a worker that deems him to be an independent contractor, and as a result,…
As most people involved in the investment management industry know, many private investment fund managers will soon be required to register as investment advisers with the SEC, unless they meet certain exemptions, such as the so-called “private fund adviser exemption,”…
