SoMoLend – Social Mobile Local Lending – is a crowdfunding platform that has peer-to-peer lending technology that allows businesses to obtain loans from a network of lenders, typically located in the same geographic area (banks, credit unions...
Even though I have previously written about it, I keep
getting many questions regarding whether unpaid interns can work for a
for-profit business. My conclusion is YES BUT... it can be risky for the
business. In New York, interns can do an unpaid internship...
We are still patiently waiting for the SEC to develop
rules implementing the crowdfunding provisions of the JOBS Act. While we are
waiting, the industry prepares for the crowdfunding transactions. Recently, two
interesting articles about crowdfunding...
Proliferation of social media continues to stretch the
boundaries of the law and its definitions. It prompts us to apply the proven
legal concepts to new technological and social phenomena with no clear and
A good example...
Regulation Fair Disclosure (known as "Regulation FD") was
enacted in 2000 by the Securities and Exchange Commission (the "SEC") to
prohibit selective disclosure of material non-public information by the public
companies or persons...
The legal world is patiently waiting for the
Securities and Exchange Commission (the "SEC") to enact rules implementing
Title II of the JOBS Act. One of the recent developments in this field is
the issuance by the SEC Staff of frequently...
I frequently explain to my startup clients that forming
their business in Delaware (or another state they choose if it is not their
home state) may not be enough: they also need to register it in every state
where they intend to do business. This means...