Corporate Law Blog

Did You Notify the IRS When Your Business Moved?

If your business or corporation has changed addresses in the past few years, are you certain the IRS was notified about your new address? If you’re not certain, you should check, or you could find yourself in an awkward situation if you’re ever involved in an IRS tax controversy. As a recent ruling by the U.S. Tax Court underscores, you could lose your right to challenge a federal tax lien if you missed the notification when it was misaddressed. More >

Important Considerations for Buying a Franchise

Operating a franchised business can be a profitable venture. Likewise, it can be a recipe for disaster. The distinguishing factors for success include how well an individual researches the franchise and his dedication to the business. More >

SEC Lifts Private Placement Advertising Ban: How Will it Work?

Earlier this month, the Securities and Exchange Commission announced what promises to be a fundamental change in the way small business startups can raise capital from private investors. Before this change, SEC financial services regulations, particularly Rule 506 of Regulation D of the Securities Act of 1933, have prohibited solicitation or general advertising of private placements in an effort to seek capital investments. In an effort to comply with the Jumpstart Our Business Startups Act, or JOBS Act, the new rule will permit the advertising of private placement offerings as long as two conditions are met. To simplify: only “accredited” purchasers will be allowed, and no “bad actors,” as defined by the Dodd-Frank Act, will be allowed to advertise. More >

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Kentucky's Use of Public-Private Partnerships

"P3s." It sounds like the name of a new video game console, but the abbreviation stands for "public-private partnerships" and this term is becoming increasingly popular. In July, the Kentucky Chamber of Commerce announced that they would soon be releasing a report outlining the benefits of P3s. So, what exactly is a P3? More >

Excitement in Biotech Industry Brings Wave of IPOs, Merger Offers

Large pharmaceutical companies, in the market for profitable new drugs to replace revenue streams from top drugs with expiring patents, are looking to smaller biotech companies for innovative products. That demand, along with a simplified Food and Drug Administration approval process for therapies for important unmet medical needs, has brought a wave of proposed and actual acquisitions of venture capital-backed biotech startups in just the first half of this fiscal year. More >

Asset-Based Loans: An Asset to Your Business

Asset-based lending was once the black sheep of financing. It was a last resort for companies and often signaled their demise. However, asset-based lending has shed its bad reputation in recent years, thanks to both the evolving sophistication of asset-based lenders ("ABLs") and the recession's blow to businesses everywhere. More >

It's All in the Family: Building & Protecting Family-Owned Business Assets

FCC Approves Sprint, Clearwire Buyouts Over Rival's Objection

Despite a furious national security objection by rival DISH Network Corporation, the Federal Communications Commission has approved the $21.6 billion acquisition of Sprint Nextel Corporation by SoftBank of Japan. After the order was released on Friday, SoftBank moved forward quickly and announced it expects to complete the transaction by tomorrow, July 10. More >

Where There's a Will, There's a Way. Where There's No Will, There's Escheatment

Recently, an estate planning failure of epic proportions made national headlines. Roman Blum, a Holocaust survivor and successful real estate developer, died without a will and no legal heirs. This scenario happens from time to time, but there is a twist to this story: Mr. Blum left behind an estate worth $40 million dollars. At the time of his death, he was divorced with no children and no known relatives. More >