By Stephen M. Kane on January 13, 2016A few years ago we were contacted by the winner of a $10,000,000 Massachusetts Lottery scratch ticket. He was adamant that he did not want the winnings to change his life or to have his friends and family (other than his wife) know about his good luck or have charities and others dun him for gifts or loans. He knew that the Massachusetts Lottery requires publication of the name and a photograph of all winners. Rich May was able to help him collect his winning anonymously.
on January 29, 2015On January 15, 2015, the Massachusetts Securities Division adopted the Massachusetts Crowdfunding Exemption, 950 CMR 14.402(B)(13)(o) (the “Exemption”), allowing a company formed and having its principal place of business in Massachusetts to conduct intra-state (i.e., all investors are Massachusetts residents) crowdfunding offerings.
on October 23, 2014If your employer grants you stock in connection with your services, under Section 83 of the Internal Revenue Code (the “IRC”), you will be taxed on the difference between the fair market value (“FMV”) of the stock and the amount you paid for the stock. In most early-stage company situations, an employer will grant stock to an employee that the employee loses if he or she leaves the company before a certain date (usually by repurchase by the Company and commonly referred to as “forfeiture”).
on October 1, 2014After working with a number of early stage companies trying to raise capital, it has become evident that the concepts of pre-money valuation and post-money valuation are often a source of confusion.
By David Glod on September 18, 2014A recent decision of the Massachusetts Supreme Judicial Court counsels that early-stage companies need to be especially protective of their trade secrets.