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On the heels of last week's
announcement by Chairman Schapiro that the SEC did
not plan to adopt changes to Rule 506 of Regulation D and Rule 144A
by the 90-day deadline contemplated in the JOBS Act, the SEC
issued a
Sunshine Act Notice announcing that the Title II rulemaking
will be considered at a Commission Open Meeting scheduled for
August 22. The Sunshine Act Notice indicates that the
Commission will consider rules to eliminate the prohibition against
general solicitation and general advertising in securities
offerings conducted pursuant to Rule 506 and Rule 144A, as mandated
by Section 201(a) of the JOBS Act, along with whether to adopt the
controversial conflict mineral and resource extraction disclosure
rules mandated by the Dodd-Frank Act.
Because of the generality of this update, the information
provided herein may not be applicable in all situations and should
not be acted upon without specific legal advice based on particular
situations.
Doing business in New York can be performed through a number of legal structures ranging from sole proprietorships to corporations. This advisory provides basic information on the different legal forms and the services that can be offered by Murray LLP for your business.
The Jumpstart Our Business Startups Act of 2012 requires that the SEC amend Rule 506 of Regulation D to permit general solicitation and advertising in private placements as long as all purchasers are accredited investors.
Today, Google is the world's largest search engine, used for everything from finding local businesses, to email, to getting maps, and now socializing on the Google Plus network.
In New York one of the most common forms of entity for operating a business is a Limited Liability Company (commonly known as an LLC). Depending on the circumstances it may be an appropriate entity to choose when establishing a business or other undertaking in New York State.
A recent federal appeals court decision addressing pleading standards for shareholder suits under Section 11 of the Securities Act of 1933, as amended, highlights the potential dangers of giving broad assurances of legal compliance in registration statements.
The Internal Revenue Service recently issued its Final Report on the Colleges and Universities Compliance Project, marking the conclusion of a five-year study of one of the largest segments of the nonprofit sector.
You can protect the value of your privately-held company by working with your lawyer to make strategic business and legal decisions and by ensuring that your legal documents are consistent in implementing those decisions.
