VC Term Sheet Lingo

To help those legalese challenged, we took the 10 most common terms found in a typical Venture Capital (VC) term sheet and tried to explain them very simply.  Many of these terms can take on many different meanings, though, so we tried to use the...

Read More...
UPDATE: Carried Interest. Inter-Partner Loans

As a follow-up to our recent post regarding the proposals to tax carried interest as ordinary income, there is a significant tax planning opportunity for service partners (partners actively providing services) who have inter-partner loans.  Our discussion covers President Obama’s American Jobs Act of 2011...

Read More...
Carried Interest Tax Debate: Here We Go Again

President Obama released his FY2013 budget plan on Monday, February 13, 2012.  As expected, it contained the usual assaults on the 1% of taxpayers (Adjusted Gross Incomes above $344K) who are already paying close to 40% of the total personal taxes collected. One of the “usual...

Read More...
Stop! Think Before You Incorporate

We work with a lot of college student entrepreneurs, young entrepreneurs and first-time entrepreneurs.  We are often asked “..should we incorporate or form a Limited Liability Company (“LLC”)?”  Sometimes, these entrepreneurs have visited a lawyer first, and have already incorporated or formed an LLC. Based on...

Read More...