Even after you have found the right partner to start your company with – whether it is a spouse or significant other, a family member, or a relative stranger with whom you share business aspirations – it is still important to get everything in writing...
As reported by my friend and attorney Scott Gluck, the House last week started hearings on the next generation of JOBS-type relief for smaller companies, fashioned after the original Jumpstart Our Business Startups (JOBS) Act of 2012. The "JOBS 2.0" hearing discussed a number of...
As many know, when the SEC passed rules allowing companies and private funds to use general solicitation and advertising in certain private securities offerings as mandated by the Jumpstart Our Business Startups (JOBS) Act, they also proposed a series of rules that would add investor...
The SEC's website makes it official. Tomorrow at 10am Eastern time the SEC will: "consider whether to propose rules and forms related to the offer and sale of securities through crowdfunding pursuant to Section 4(a)(6) of the Securities Act of 1933, as mandated by Title...
Bloomberg reports today that the SEC plans to announce long-awaited proposed rules on "crowdfunding" next week. There is no notice yet on the SEC website, but apparently the news outlet heard from those in the know. The Jumpstart our Business Startups (JOBS) Act of 2012...
As we know, Washington State recently approved the recreational use of marijuana, official as of December 1. As we also know, doing so remains a federal crime. This has caused a number of thorny issues for those in the business of growing and selling pot....
A Dallas jury has ruled that billionaire Mark Cuban was not guilty of insider trading of stock of Momma.com back in 2004. The SEC had alleged that Cuban agreed in a phone call with the Company's CEO to keep information about a pending stock offering...
I am a fan of the HBO TV series Boardwalk Empire. It takes place in 1920s Atlantic City highlighting the corruption and other problems mostly related to prohibition during an otherwise booming economic time. But signs of the times are everywhere. In a recent episode, a...
If you are working with a company that is offering to help you go public, hopefully you will insist on a variety of references. In prior posts we talked about meeting the last three CEOs that this advisor helped. This gives you a sense of...
The ABA Journal tells us of poor Donald Miller of Ohio. An alcoholic who lost his job and left his wife and town back in 1986, he was declared dead back in 1994, 8 years later. His "widow" has been receiving Social Security death benefits for her...