Louis Barr explains how in the recent case of Sutardja v. United States, the United States Court of Federal Claims ruled in favor of the IRS and confirmed that discounted stock options (the exercise price is less than the stock’s fair market...
Invited by the CUNY Asian American/Asian Research Institute and the Asian-American Entrepreneurs Network, Julia Cheng, Esq. speaks on this panel discussing the tricks of trade regarding monetizing a business’ intellectual property in...
While statistics vary, as many as 50 percent of new small businesses will not survive five years. This does not seem to deter many entrepreneurs; and to many starting a business is the ultimate American dream. Most potential entrepreneurs have an...
A contract is an agreement between two parties; where each party gains something and loses, or pays, something. Except in certain situations, a contract does not have to be written to be enforceable. However, having a written document stating exactly...
Limited Liability Companies became a popular legal entity choice for small business owners in the early 90s. Best described as a hybrid between a corporation and partnership, an LLC offers numerous advantages, with relatively few disadvantages. An...
As a small business owner you likely enter into contracts on a daily basis. With your suppliers, your distributors, your employees. When a party doesn’t perform, the contract should be the first place you look to determine your rights,...
Is it time to take your start up business to the next level and create a formal business entity?
The SEC Staff recently issued a series of facts detailing their view of the JOBS Act exemption from registration as a broker-dealer for crowdfunding platforms.
What to include in promotional materials from a legal perspective.
In a little-noticed provision of the American Taxpayer Relief Act of 2012 ("ATRA"), Congress reinstated the 100% exclusion for gains on the sale of qualified small business stock (or Section 1202 Stock). ATRA provides that 100% of the eligible...