Yesterday the SEC adopted rules intended to facilitate intrastate and regional securities offerings. The SEC made general updates and modernized old Rule 147, the safe harbor exemption for intrastate securities offerings under Section 3(a)(11) of the Securities Act. The SEC also
The Venture Alley
A blog about business and legal issues important to entrepreneurs, startups, venture capitalists and angel investors.
The Venture Alley, published by DLA Piper, focuses on legal issues related to venture capital and private fund management. It covers topics such as regulatory compliance for venture capital funds, tax implications for fund investors, SEC rulemaking affecting private fund advisers, and structuring considerations for venture capital funds under securities laws. The blog also addresses practical matters like management rights letters, secondary market transactions, and anti-money laundering regulations impacting investment advisers. It provides analysis of court decisions, regulatory proposals, and legislative developments relevant to venture capital fund managers, investors, and legal practitioners in the private funds space.
Latest from The Venture Alley - Page 4
Understanding the differences between an ISO vs. NSO
By Tyler Hollenbeck and Cisco Palao-Ricketts
Although there a number of web resources regarding the distinctions between “incentive stock options” (ISOs), which can only be granted to employees, and “non-statutory options” (NSOs)[1], which can be granted to employees,…
Corp Fin no longer requires “Tandy” representations for file reviews
The Division of Corporation Finance of the Securities and Exchange Commission has announced that “Tandy” representations are no longer needed in filing review correspondence.
If you have been involved in filing a registration statement any time after 2004, you…
A Founder’s Guide to Making a Section 83(b) Election
One of the more important tax decisions founders of early-stage companies will face is whether or not to make an election under Section 83(b) of the Internal Revenue Code for stock awards or other acquisitions of shares subject to vesting.…
New IRS Proposed Regulations Eliminate Valuation Discounts: Planning Likely Required before the End of 2016
By DLA Piper
Article prepared by and republished courtesy of our DLA Piper Trusts and Estates colleagues.
Earlier this month, the US Treasury issued proposed regulations that, if finalized, will significantly increase the transfer tax cost of transferring interests in family-controlled entities…
Equity Compensation Trend: Extending Time to Exercise Vested Stock Options
By DLA Piper
From our colleagues William H. Hoffman and Cisco Palao-Ricketts
Due to high competition to attract employee talent and to improve employee recruiting and morale, several private companies in the technology sector have recently altered typical stock option terms to extend…
Choosing a Corporate Name: Practical Considerations and Legal Requirements
By David Lai
Deciding on the name for your to-be-formed company can be a stressful process given the seemingly endless number of possibilities and the limited legal requirements. Whether you have brainstormed a robust list of potential names and are having difficulty taking…
Privacy Shield is final: What it means for businesses
By DLA Piper
The US Department of Commerce announced that it will begin accepting applications for Privacy Shield certifications beginning on August 1.
For US organizations collecting personal data from the EU, the past year has been an anxious one, as the European…
At the Intersection of Business, Law and Technology; DLA Piper’s Global Tech Summit
By DLA Piper
The pace of innovation and adoption in technology – fast and getting faster – has long presented a stark contrast to the deliberate pace of change in the law. That contrast is greater than ever today, as entrepreneurs and established…
So Your Fund Wants to Invest in Canada, Eh?
Despite a recent cooling in the overall investment climate, the number of active U.S. venture investors in Canada has more than doubled over the past five years. This migration north coincides with a climb in overall venture investment activity in…