Currency and Securities in the New Age: Bitcoin and Cryptocurrencies

What is Bitcoin? Bitcoin is a decentralized electronic payment system, created in 2009 by Satoshi Nakamoto.[1] Not backed by any governmental entity, Bitcoin is completely electronically created and stored.[2] It is a form of “cryptocurrency”, which is currency that uses encryption and is stored on peer-to-peer technology.[3] Transactions are recorded using blockchain, which is an

Takeaways from the Congressional Examination of ICO’s and Cryptocurrency Markets

The Committee of Financial Services met with Congress this week to examine the economic efficiencies of Cryptocurrency and ICO Markets. From these discussions, Congress will be tasked with balancing the needs of investor protection, efficient markets, and technological innovation as they propose new regulations to guard this new area of capital formation.  As Congress determines

Common Pitfalls and Pratfalls of Business Owners

Entrepreneurs are often “big idea” people. They get excited about possibilities and the seeming inevitability of their success. But this mindset may leave them vulnerable if they overlook the details of their business. As a corporate lawyer, I have seen many ways entrepreneurs get themselves into a pickle. Some of those predicaments are self-induced, but

Take the Money or Run?

Take the Money or Run? I regularly have conversations with entrepreneurs and shareholders who are thinking about raising capital or selling their company.  Some of these entrepreneurs are very sophisticated business people who understand business and finance. But, I also have conversations with founders who are new to the world of finance and harbor a

Tax Reform Proposal Unveiled

Today the White House outlined its proposal for tax reform and rate reduction. Unveiling the plan, White House Chief Economic Adviser Gary Cohn touted the plan as one of the greatest tax reductions in United States history. The White House plan would slash tax rates for businesses to 15% from as high as 35%, and