Qualified Personal Service Corporations Avoid Flat Tax

A few months ago the U.S. Tax Court ruled on a case involving the treatment of qualified personal service corporations when those corporations are part of an affiliated group. The ruling has important, and beneficial, tax implications for qualified personal service corporations in these types   What is a Qualified Personal Service Corporation? Under §448…

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Fee Shifting Bylaws

The Delaware Supreme Court upheld on May 8 in ATP Tour v. Deutscher Tennis Bund a corporate bylaw stating that losing plaintiffs of intra-corporate litigation must reimburse the company’s litigation expenses. The decision may have large repercussions if other firms follow suit because it means that fee-shifting bylaws are generally recognized in Delaware as valid…

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Pitch Competitions and the Securities Laws

Issuers who conduct presentations at pitch fairs and venture capital fairs face significant uncertainty regarding SEC compliance with the rules on general solicitation. The SEC recently released new rules that permit general solicitation; however, there are onerous filing requirements that many issuers will want to avoid. This is especially applicable to those who conduct presentations…

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