Alibaba’s Expansion in the United States

Jack Ma, CEO of the Alibaba Group, recently met with President Trump to discuss the Chinese company’s expansion plans in the United States.  Mr. Ma indicated the focus of the meeting was on supporting small U.S. businesses to sell their goods to China and Asia on the Alibaba e-commerce platform, with initial emphasis on goods…

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SAFE Financing for Start-ups

By their very nature, high risk investments are the most likely to provide opportunities for high returns. Private equity stakes in small businesses with strong growth potential can be especially rewarding. For this reason, seed accelerators like Y Combinator (YC) agree to provide seed funding for start-ups that can prove their potential. YC, in particular,…

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New IRS Guidance for Foreign Banks and Withholding Agents

The Foreign Account Tax Compliance Act (FATCA) was enacted in 2010 to combat tax evasion by Americans using Swiss bank accounts and hiding other financial assets overseas. FATCA requires Foreign Financial Institutions (FFIs), including banks, mutual funds, and hedge funds, to report information about American accounts to the Internal Revenue Service. FFIs that do not…

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New Coverage Rule for Workers’ Compensation in California

The New Year brings with it resolutions, football games, and of course, the implementation of new laws in California. In fact, California enacted 900 new laws for 2017, and one of those will increase costs for many businesses in the state. In Assembly Bill number 2883, the state government amended the Labor Code to increase…

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