Formation Issues

Tezos Co-Founder Hit With Potential Class Action Over $232M ICO

The organizers of blockchain startup Tezos, which this summer raised over $230 million in one of the largest-ever initial...

Report Finds Just 1 In 10 ICO Tokens In Use After Sale

The market for initial coin offerings has been red-hot this year, as more startups look to raise capital by...

What Is A Series LLC?

A Series LLC is a variation of the traditional LLC and allows the owner to segregate risk within separate...

What Should Be The Interest Rate On A Convertible Note (AKA Bridge Note)?

Convertible notes are structured as loans that to the company that convert into equity at a later point in...

A First Look at Equity Crowdfunding in the US: Q1 & Q2 2017

The 2012 Jumpstart Our Business Startups (JOBS) Act established provisions that allow early-stage businesses to offer and sell securities...

Oct 13 · 1 min read >

SEC Warns Investors About Dangers of SAFEs

Earlier this month, the SEC’s Office of Investor Education and Advocacy issued an Investor Bulletin entitled “Investor Bulletin: Be...

SEC Finds Securities Laws Apply To Some Initial Coin Offerings

Businesses are increasingly using Initial Coin Offerings to raise capital – and the U.S. Securities and Exchange Commission has...

Sep 13 · 2 min read >

What is a Seed Financing?

Startups will often go through several rounds of financing before they are able to generate enough revenue to finance...

SEC Study Highlights “Troubling Characteristics” Of OTC Stock

The Division of Economic and Risk Analysis of the Securities and Exchange Commission recently published a study that looks...

How Can a Delaware Corporation Validate Defective Past Acts?

The Delaware Court of Chancery recently addressed an issue of first impression involving the types of “defective” corporate actions...