Strictly Business
A legal blog on private funds, startups, and venture capital.
Strictly Business
A legal blog on private funds, startups, and venture capital.
Tag General Business Law
When is stock not stock? When it’s issued by the Green Bay Packers.
Given their recent success this season, the timing of the Green Bay Packers’ decision to engage in another capital raise couldn’t be better. The Offering Document for their newest stock offering contains quite a peculiar sentence: “COMMON STOCK DOES NOT…
How the Federal Government Taxes LLCs
One of the benefits to using a limited liability company is the flexibility of being able to choose how the entity is taxed. After a new LLC is formed, its owners must decide the method by which they would like…
Private Placements: What happens if you fail to file Form D (or file it late)?
Form D is a document that the SEC requires a company to file when it issues securities in a private placement under Regulation D. It must be filed with the SEC within 15 days of the first sale of a…
Even in deals with “yourself,” you still need proper legal documents.
One situation I often encounter with small businesses is that sometimes they don’t always document the transactions they enter into with their owners and other related parties. For instance, let’s say that two owners of a corporation decide that their…
Should new business owners set up their business as a Wyoming LLC?
Previously, I have written about the advantages and disadvantages of incorporating in Delaware or Nevada as a small business owner. With regards to Delaware, my conclusion was that, for most small companies, the disadvantages outweigh any advantages. With regards to…