Forming an LLC? Why not an S Corp?

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Founders may form many types of entities, including partnerships and regular corporations (C Corps), but two of the most popular types are limited liability companies (LLCs) and Subchapter S corporations (S Corps). Generally speaking, LLCs and S Corps are entities that allow profits and losses to be passed through to the owners of the entity, … Read more

Starting a 501(c)(4) Organization

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It’s Not a 501(c)(3) A 501(c)(4) organization is an organization not organized for profit and operated exclusively to promote social welfare. 501(c)(3) and 501(c)(4) organizations are different. 501(c)(3) organizations are organized for charitable purposes; 501(c)(4) for social welfare purposes Both types of organizations are exempt from federal taxes, but only the 501(c)(3) organizations may receive … Read more

COVID Provoked COBRA Changes

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The Consolidated Omnibus Budget Reconciliation Act (“COBRA”) gives workers who lose their health benefits and their families the right to choose to continue group health benefits for limited periods of time under certain circumstances such as job loss, reduction in the hours worked, transition between jobs, death and divorce. Qualified individuals may be required to … Read more

COVID-19: Recourse for Vaccine Reactions

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It’s rare for a person to have a severe reaction to a vaccine. That’s comforting. Especially since there is very little recourse for a person who has had such a reaction. Vaccines are good. They can help prevent disease by training immune systems to recognize dangerous pathogens. COVID-19 vaccines are good. Not only can they … Read more

Paycheck Protection Program Rules Revised

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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?!

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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

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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

Oh, the Places You’ll Boldly Go!

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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

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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