The crowdfunding offering must be conducted through a registered broker-dealer or a funding portal with a “platform”. A “platform” is...
CROWDFUNDING OR CROWDFOOLERY?
Part 1 of 3 Part Series: General Rules After years of hand-wringing and speculation by entrepreneurs, re-occurring angels, venture capital...
Indemnification Fee Advancement
No one (not even us legal corporate types) would ever suggest that bylaws are interesting. But recent Third Circuit and...
Best Practices: Background Checks for Nonprofit Board, Staff and Volunteers
Reprinted by permission of Catalyst Center for Nonprofit Management. Further duplication without permission is prohibited. Childhood victimization and other abuses...
GOOD FAITH FOUND HERE
Those of us routinely asked to draft or review letters of intent (LOI), memorandum of understanding (MOU) and initial term...
The Perils of Equity-Based Compensation
Employers frequently want to attract new, super-talented management to an existing Company, or potentially worse, have already promised to give...
Adopting a Form for Your Socially Responsible For Profit Enterprise
My heart inevitably sinks when a client asks the ever popular question “What form of legal entity would be best...
Private Foundations and New Regulations Regarding Program-Related Investments
As the calendar year comes to a close, all corporate entities, profit and nonprofit, look to their books and make...
Divorce, LLC Style: You Don’t Call; You Don’t Write; I want a Divorce!
Two guys are sitting at a bar discussing how they are going to quit their current jobs and start their...
How Bad is Bad?
Nobody wants a “Bad Actor” as part of its working group but, from the perspective of the founder of a...