Archive for July, 2010
Change to Accredited Investor Net Worth Requirement
The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2009 was passed by Congress and signed into law by President Obama on July 21, 2010. The Act includes a change to the accredited investor net worth requirement that will immediately affect most private placement offerings of stock or other equity investments. Recap: Regulation D [...]
What Should LLCs in Florida do in Light of the Florida Supreme Court’s Ruling in Olmstead v. FTC?
It’s important that business owners know about the Florida Supreme Court’s recent decision in Olmstead v. FTC and its impact on LLCs organized, operating, or owning property in Florida. The Olmstead decision eliminates part of the asset protection feature of all single-member LLCs and calls into question the asset protection afforded by multiple-member LLCs. “[This] [...]