Corporate Law Alert: I Can’t Do That! – COVID-19 and Impossibility of Performance
Unforeseeable or unusual circumstances that prevent a party from fulfilling contractual obligations are sometimes called force majeure events. With th...
What Venture Capitalists Are Looking for From a Startup
A group of friends with big ideas and little capital, now taking the first steps with a promising startup, will likely require a financial boost to ge...
Understanding Private Placement Memoranda and When to Use Them
Raising capital for a business can be a challenge. Business owners often look to debt or equity financing in order to raise capital to fund the desire...
Demystifying Phantom Stock: How It Works and the Best Way to Structure a Plan
Despite the ghostly name, phantom stock is not quite as mysterious as it sounds. In essence, phantom stock is a deferred compensation plan that gives ...
Business Workshop: Don’t minimize the importance of conflicts of interest policies for your nonprofit board
The overwhelming majority of business leaders and philanthropically inclined citizens who join nonprofit boards have the best of intentions. On rare o...
THE SEVEN DEADLY SINS OF JOINT VENTURES
Commit just one of the “seven deadly sins of joint ventures,” and it’s almost a guarantee that the project will become one of the estimated 40-70 perc...
Fiduciary Duties of Nonprofit Directors
Many experienced lawyers and successful business persons often second guess their roles as directors of nonprofit organizations. Although most nonprof...
Lax Board Members Hurt Nonprofits
Agreeing to serve on the board of directors of a nonprofit organization is a serious undertaking accompanied by a number of legal, ethical and financi...
Fairness opinions rarely “fair”
A recent decision by the Delaware Supreme Court should remind company executives that they are responsible for ensuring that fairness opinions, which ...
PA Capital Stock Tax and Franchise Tax Expired
Effective as of January 1st, Pennsylvania's Capital Stock Tax and the Franchise Tax expired. These taxes were slowly being phased out for the past fif...
