Paycheck Protection Program Rules Revised

In an attempt to target funding to small businesses, the Biden administration has amended the rules governing the Paycheck Protection Program (“PPP”). First, only businesses with fewer than 20 employees may apply during the period from February 24 to March 2. Second, effective in early March, the formula used to calculate the amount of the … Read more

What the …? I’m Selling Securities?!

You have a new business or you’re thinking about expanding your existing business. And you think it would be great to offer some shares or membership interest in your company to an outside investor. Nothing could be easier. Right? Wrong! You may be selling securities and will need to comply with federal and state securities … Read more

No Surprises: Healthcare Costs

As provided in the federal No Surprises Act (the “Act”), effective January 1, 2022, patients who have certain unanticipated medical expenses will be protected from egregious medical bills. The most common covered scenarios are (a) emergency care provided at an out-of-network facility, (b) emergency care provided at an in-network facility by out-of-network and (c) out-of-network … Read more

Second Round of PPP Loans

A second round of Paycheck Protection Program (PPP) loans — second draw loans — will be available soon. Probably in mid-January. The criteria for the second round differs significantly from the first, so read on. The recent relief and spending bill designated about $280 billion in PPP funding for first-time eligible borrowers. Funds are also … Read more

Oh, the Places You’ll Boldly Go!

ComicMix, together with creators David Gerrold and Ty Templeton, created a Kickstarter campaign to fund the printing and distribution of a work, Oh, the Places You’ll Boldly Go!. The work was a clear nod to Theodor Geisel‘s [better know as Dr. Seuss] Oh, the Places You’ll Go!, a mash-up of the Seuss book with various … Read more

SEC Revises ‘Accredited Investor’ Definition

If a company wishes to raise funds by selling or offering its securities it must register those securities with the Securities and Exchange Commission. However, there are numerous exemptions to this requirement to register. There are different regulatory frameworks with different requirements and limitations, including the amount of money that can be raised, the amount … Read more

The Umpire Strikes Back

In an October 2020 decision, the U.S. Trademark Trial and Appeal Board refused to allow an applicant’s registration of the trademark “Millennial Falcon,” finding that Lucasfilm Entertainment Company had established the likelihood of confusion between “Millennial Falcon” and Lucasfilm’s “Millennum Falcon.” Of crucial importance: “Applicant believes that his mark “appropriately conjures up the phrase “Millennium … Read more

New Investment Limits for Exempt Offerings

Generally speaking, if a company wishes to raise funds by selling or offering its securities it must register those securities with the Securities and Exchange Commission. However, there are numerous exemptions to this requirement to register. Although Reg D’s Rule 506 is the most widely used, there are also exemptions under Reg A, Rule 504 … Read more

Free Tom Lehrer!

Tom Lehrer, the 92-year old musical satirist (and inventor of the jello shot), has released all of the lyrics to his musical works into the public domain. In the absence of this release, his words would have remained copyrighted until at least 70 years after his death. “I, Tom Lehrer, and the Tom Lehrer Trust … Read more