LexisNexis® Legal Newsroom
Lower Taxes in New York State

December 2011 brought good news to many New Yorkers: the Middle Class Tax Cut and Job Creation Plan. Among other things, this Plan reduces income taxes to their lowest levels in over 50 years. In addition, the MTA payroll tax is eliminated. The Plan was passed in the hope of fostering private sector...

The SEC Issues Proposed Rules to Eliminate the Prohibition Against General Solicitation in Rule 506 Offerings

On August 29, 2012, the Securities and Exchange Commission (the SEC) issued proposed amendments to Rule 506 of Regulation D and Rule 144A to implement Section 201(a) of the JOBS Act. The SEC is soliciting comments on the proposed rules. The comment period ends on September 28th. In its release, the...

VC Investment Trends

According to an article in Crain's NY, most of VC investments made during the second quarter of 2012 went to California companies. Out of $2.1 billion in total, only $30 million was invested in New York startups, whereas California companies received $1.45 billion. The total amount is an increase...