LexisNexis® Legal Newsroom
Part I: Family and Friends Round of Financing: How to Secure Financing and Comply with Securities Laws

Typically, the first people that start-up founders turn to for financing are their friends and family. Of course, most friends and family members are not going to worry about valuations, projections, business strategies. They invest because of their trust and strong personal ties to the founders...

Part II: Crowd Funding: Facilitating of Family and Friends Financing

In my previous blog post, I described the federal and state laws that apply to friends and family rounds of financing. To an entrepreneur trying to raise only $100,000, this will sound complicated and even overwhelming, as well as expensive. Preparing extensive disclosure statements and making the...

Oklahoma and State Competition for Incorporation

Sorry for the paucity of posts...it's the summer and I'm working under editor deadlines. That said, I thought I'd point out an article in today's WSJ about a pending change in the Oklahoma corporate law. Oklahoma is amending its corporate law to require publicly-traded OK firms have...

State Competition for Incorporation: Massachusetts Edition

After my recent post on Oklahoma's bid to change its corporate law to require staggered boards of all publicly-traded OK corporations , a well-informed reader confirmed for me why I will always remain a cynic at heart. The state of state competition for corporate law and incorporations is ......

Should New Business Owners Incorporate in Nevada?

Previously, I wrote about the pros and cons of incorporating in Delaware as a small business owner. My conclusion was that, for most small companies, the disadvantages outweigh any advantages. In this piece, I'll cover my thoughts on another state that is frequently pitched as a good place...

Status Quo Bias And Lawyer Choices Re Incorporation

Carney and Shepard have a new paper, Lawyers, Ignorance, and the Dominance of Delaware Corporate Law , which seems intuitively correct. One reason why Delaware has been able to maitain its preeminent position with respect to the corporate law is that it's the only law most lawyers who take companies...

Sidney Goldstein on Forming a LLC: Not So Fast!

by Sidney Goldstein In this EIA we will examine various issues that should be fully explained by the professional advisor to her client, before selecting the limited liability company (LLC) as the form of business entity to be adopted. Since each state has adopted its own version of a Limited Liability...

Where to Incorporate: Should a California-Based Startup Incorporate in Delaware?

One of the commonly asked questions that entrepreneurs ask their attorneys when forming a company is where to incorporate it. Most frequently, companies choose between incorporating in their home state and registering in Delaware. Delaware is chosen by many companies because of its well-developed...

NY DPC - New York Design Professional Services Corporation - What Is It and How To Form It?

New York has long been recognized as having some of the strictest laws on the books when it comes to what is known as the “professional service corporation” (a “PC” for short), a specialized kind of business entity that must be formed by individuals providing professional services...