Fall 2023 Business Formation Special
Unlock exclusive pricing on comprehensive business formation services with Founders Legal’s Fall 2023 Special. Valid for Georgia and Delaware entities until November 10. Start your business journey today!
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Understanding the Beneficial Ownership Information Reporting Rule
Explore the intricacies of the Corporate Transparency Act (CTA) and its new Beneficial Ownership Information Reporting Rule. Discover how it impacts US businesses, defines ‘beneficial owners,’ sets reporting requirements, and contributes to financial transparency. A comprehensive analysis of the new rule from the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) for combating illicit finance and enhancing corporate transparency.
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Capital Raise Event Series at Atlanta Tech Village
Our Capital Raise Series is a three-part event aimed at guiding startups and entrepreneurs through the complexities of raising capital.
Hosted by attorneys David H, Pierce and Jeffrey A. Bekiares, the series will cover a range of topics essential for a successful capital raise. These events are in collaboration with Atlanta Tech Village.
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Regulation Enforcement of CryptoCurrency Sept-2018
The Financial Industry Regulatory Authority (“FINRA”) announced on Tuesday, September 11, 2018, its first disciplinary action for securities violations against a cryptocurrency. The disciplinary action involves Rocky Mountain Ayre, Inc. (RMTN) in connection with its issuing and selling of HempCoin, which was marketed as “the first minable coin backed by marketable securities”. Ayre bought the…
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What Is the America Invents Act (AIA) – Patent Reform?
U.S. Patent Laws: Understanding the America Invents Act (AIA) With the passage of the “America Invents Act” (AIA), the United States government has decided to conform its patent laws to the international “First-to-File” standard. Essentially, this standard awards the inventor who first files his idea or invention to the United States Patent and Trademark Office…
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Do ICO’s Seek an Expectation of Profit Solely from the Efforts of Others?
In a previous article, we discussed the second prong of the Howey test – a “common enterprise” – and the US Circuit Courts’ fragmentation on the issue and lack of uniform definition. In this third and final part of our series pulling apart the Howey Test, we’re looking at the third and fourth prongs of…
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What is a Common Enterprise and is Bitcoin or Ethereum one?
In a previous article, we discussed the first prong of the Howey test – an “investment of money” – through the lens of so-called ‘airdrops’. Moving on to the second prong – a “common enterprise” – requires us to take a step back and consider multiple angles. While courts, generally, have been quick to find…
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SEC Tells Telegram to Hit Pause on Its Token Issuance
This past Friday (October 11, 2019), the Securities and Exchange Commission filed an emergency action and temporary restraining order against Telegram, a messaging app similar to WhatsApp. The emergency action is an attempt by the SEC to stop Telegram’s unregistered offering of its digital asset, “Grams.” As the SEC outlines, Telegram failed to adhere to…
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How to Avoid Double Taxation | S-Corporation Advantages
Understanding Corporate Structures: A Guide to C-Corporations and S-Corporations Tax Implications Tax law sets the difference between the C-Corporation and an S-Corporation. When a corporation is formed at the state level, the C-Corporation is the default. The C-Corporation can then, voluntarily, file an election form with the IRS (Form 2553) to become an S-Corporation. Once…
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How an S-Corporation Can Provide Tax Savings
An S-Corporation can provide significant Federal income tax savings over a C-Corporation. A common question that arises is, “If the benefits are so obvious, why aren’t all corporations S-Corps?” Due to the benefits, the IRS places restrictions on S-Corporation ownership, including the types of shares that the corporation can issue and the types of shareholders…
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