Reference Materials

What Is The Howey Test?

The U.S. Securities and Exchange Commission sent shockwaves through the cryptocurrency world when this summer when it ruled tokens...

Nov 11 · 1 min read >

What Is A Dividend Preference?

Preferred stock is typically given a dividend preference over common stock, which means that a dividend must be paid...

Oct 26 · 36 sec read >

What Is Preferred Stock?

When a company is looking to raise money through investors, it can issue one of two types of stock:...

Oct 26 · 21 sec read >

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 Is A Redemption Right?

A redemption right is a feature of preferred stock that allows investors to require a company to repurchase their...

Oct 24 · 56 sec read >

SEC Publishes CDIs On Rules 147, 503, 504 and Reg A

The Securities and Exchange Commission’s Division of Corporate Finance (Corp Fin) recently published its interpretation of various rules under...

Oct 9 · 3 min read >

SEC Alleges Two ICOs Defrauded Investors

The Securities and and Exchange Commission, which recently warned investors about the risks of initial coin offerings, has charged...

What Is Fully-Diluted Capitalization?

Fully-diluted capitalization is one of those terms that gets used quite a bit in the startup and venture capital...

Aug 3 · 42 sec 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...

Delaware Corporate Law Amendments Would Be Another Step Forward For Blockchain

The Corporate Council of the Corporation Law Section of the Delaware State Bar Association last month released a set...