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BOI Part Deux: Who Is a Beneficial Owner? A straightforward exercise for most; an administrative headache for some.
For many, January 1st was a time to reflect on the previous year’s successes and pivot to new resolutions and goals for 2024. For entrepreneurs, January 1, 2024, marked the start of a new compliance regime that has the potential to create administrative headaches. As...
The Beneficial Ownership Information Reporting Rule: A New Compliance Structure with Wide-Ranging Impact
To comply with legislation passed in 2021, US regulators implemented a reporting rule that will apply to a large portion of US companies, including many startups and small businesses. Depending on the nature of ownership, the reporting requirements can be simple and...
Data Privacy Update: Where does your state stand?
Most people who work in and around technology are familiar with the General Data Protection Regulation (GDPR) enacted in 2016, going into effect in 2018, by the European Union which regulates the collection and use of personal information, and many are...
How do Venture Capital Firms Make Money?
Venture capital (VC) funds are ever-present in the startup ecosystem, for obvious reasons: founders and their companies often need large amounts of capital in a short amount of time in order to generate the kind of scalable growth that allows them to be...
Non-Competition Agreement – FTC’s New Proposed Rule
Many people have experienced a non-compete agreement in their working life. In fact, at least one in every five working Americans is subject to some form of a non-compete agreement. On the other side of a non-compete agreement is an employer who uses the...
The Five-Letter F-Word: A Primer on Fraud after Theranos and FTX
One million seconds is about 11 ½ days, and one billion seconds is about 31 ½ years. That’s an interesting piece of trivia to keep in mind when reading about the recent collapse of cryptocurrency trading platform FTX and its affiliated crypto fund, Alameda...
3 Important Steps to Take When Naming Your Company
Equity Split: Who Gets What? Part Two
Ever watched a movie where people are starting some business venture, and they blurt out how much of the profit they want? It sounds something like, “Ok, we’re going to split this 60-40”. If that seems too unlikely to work in real life, then you’re already...
Equity Split: Who Gets What? Part One
Can I Pay Someone to Find Investors?
Two things founders don’t have a lot of are time and money. Raising capital can be a challenge for any size company, but more so for startups, whose initial financial needs could be larger than what family and friends can invest, but smaller than what would typically...