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Advice for lawyers who plan and draft LLC documents.
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The new Rule 506 changes everything.The SEC has lifted an 80-year ban on general solicitation and start-ups and other Issuers for the first time can use public advertising to sell private offerings. Startups are now able to use advertising andgeneral solicitations to fund private placements!The new Rule 506 may prove to be the answer to the prayers of startups frustrated with existing fund sourcing platforms. But it also has hidden dangers that will cause many issuers to continue to use the "old Rule 506."Among the new Rule 506 strengths, observe:* The amount that can be raised is unlimited * There is no requirement for review of the offering under any Blue Sky laws (state securities regulat...
Limited Liability Company and Partnership Answer Book
The LLC and Corporation Start-Up Guide is a must-have resource for the aspiring business owner who needs to know about organizing or incorporating his or her business.
Become a savvy entrepreneur with your own LLC Limited Liability Companies For Dummies, 3rd Edition offers a clear, concise guide that explains the pros and cons of LLCs, and shares insider tips on everything from choosing your members and your company name to creating and filing your Articles of Organization and managing day-to-day operations. You'll find the most current, real-world advice on customizing an LLC for your specific business needs, creating a great operating agreement, keeping accurate records, and new information on federal regulations and fees that are applicable to LLCs, as well as a link to online tools, forms, and documents Most of the previous drawbacks to forming an LLC ...
Drafting Limited Liability Company Operating Agreements is the only limited liability company ("LLC") formbook and practice manual that addresses in a comprehensive and sophisticated manner the entire process of planning, negotiating, and drafting LLC operating agreements and handling LLC formations. The book is written both for lawyers who are inexperienced in LLC formation practice and for those who are LLC experts. The book contains 71 chapters on LLC formation issues and related issues, 29 general-purpose model operating agreements, four special-purpose model operating agreements (including, for example, model operating agreements for series LLCs), and dozens of "plug-in provisions" to t...
Provides summaries and discussions of informal interpretations given by the Premerger Notification Office of the Federal Trade Comission and enforcement actions brought by the antitrust agencies regarding the premerger notification requirements if the Hart-Scott-Rodino Antirust Improvements Act of 1976 and the Commision's implementing regulations.