SEC Provides Filing Deadline Extension for Companies Affected by the Coronavirus (COVID-19)
On March 4, 2020, the Securities and Exchange Commission (SEC) issued an Order providing some regulatory relief to publicly traded companies with operations in areas affected by the Coronavirus Disease 2019 (COVID-19). To the extent such companies have certain disclosure filings due between March 1… Read More
Thanks to the SECURE Act, Your IRA Has Really Lost Its Stretch!
At the end of December 2019, Congress passed and the President signed into law the Setting Every Community Up for Retirement Enhancement Act, known as the SECURE Act. The Act is effective for IRAs, Roth IRAs and most 401(k) and 403(b) accounts (collectively “IRAs”) of… Read More
SEC Publishes Private Placement Concept Release
The first rule of federal securities laws is often said to be that an offer and sale of securities is either: (1) registered with the SEC, (2) exempt from registration, or (3) illegal. Many companies use transaction exemptions to design their capital raises through private… Read More
New Law Incentivizes Investments in Delaware-based Small Businesses by Offering Refundable Tax Credit to Angel Investors
On May 24, 2018, Delaware Governor John Carney signed the Angel Investor Job Creation and Innovation Act (the “Act”) into law, amending Titles 29 and 30 of the Delaware Code in an effort to spur job creation and innovation within the State. The Act is… Read More
Stepping Over Dollars to Save Dimes: The Importance of Good Corporate Record-Keeping
Managing expenses is an issue for every business, but it is particularly an issue for small and closely-held businesses. For very rational reasons, exercises that might otherwise seem sensible, but for which there is no clear and quantifiable benefit, are typically put to the side… Read More