Term Sheets: Binding & Non-Binding
First, let’s get the terminology of term sheets out of the way.
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First, let’s get the terminology of term sheets out of the way.
UW students and faculty interested in startups can talk monthly, face-to-face, with a venture capital investor and startup attorney.
(This was a longer post but I have abbreviated it to simplify it.) Right now there is no guidance from the IRS which expressly countenances electronic signatures on 83(b) elections.
Congress is trying to make life easier for early stage and startup companies. This is good. But so far, nothing has been proposed to fix Section 83(b) of the Internal Revenue Code.
Congress is preparing a bill known as the Financial CHOICE Act of 2016. There is a lot in the bill (and so it is worth scanning the table of contents for issues you might care about).
The first bill out of the new Congress next year might set the accredited investor definition to adjust with inflation.
Indexing the Accredited Investor Standard to Inflation: A Bad Idea Now that the election is over, it is unclear, at least to me, which direction startup public policy will take.
Section 201(a) of the JOBS Act repealed the ban on generally soliciting or generally advertising private securities offerings, provided certain conditions were met.
Seattle startup lawyer outlines QSBS redemption issues and 2025 OBBBA updates to Section 1202: new asset cap, partial exclusions & updated holding periods.
Broad-based employee stock ownership is one way to ensure that the wealth created in startups is widely shared by those who helped create the wealth.