By: Mashal Amber Ali and José Padilla When the One Big Beautiful Bill Act (“OBBBA”) was signed into law on July 4, 2025, it significantly expanded Section 1202 of the Internal Revenue Code to enhance the Qualified Small Business Stock

By: José Padilla For decades, Delaware has reigned supreme as the gold standard for startups raising venture capital. Over 68% of Fortune 500 companies and nearly 80% of U.S. IPOs called Delaware home. But cracks are forming in its dominance.

By: José Padilla In a move that has caught the attention of entrepreneurs and investors across the United States, the Corporate Transparency Act (“CTA”), which went into effect on January 1, 2024, is expected to impact more than 32 million

By: José Padilla Qualified Small Business Stock (“QSBS”, for short) is stock in a small business that may qualify for a tax exemption pursuant to Section 1202 of the Internal Revenue Code.  Under this tax benefit, eligible shareholders are permitted

By: José Padilla New startups often launch with 10 million authorized shares. Founders often ask me, “Why 10 million shares?” Before answering how many shares of stock a new startup should issue, founders must first understand the difference between authorized, issued,

By: Dan Artaev and José Padilla A security token offering (or “STO”) is a 21st century blockchain-based alternative to a traditional issuance of equity to raise company funds. Instead of selling shares of stock in a corporation represented by a

By Dan Artaev Video games are quintessential contests of skill and online multiplayer modes are a must in most modern video games. And yes, playing skill video games for real money prizes is legal in the majority of U.S. states. Some of

In August 2020, the Securities and Exchange Commission (SEC) amended the definition of accredited investor.” The SEC developed qualifications and rules under the Securities Act of 1933 to protect individuals from risky investments. Accredited investors can more freely invest in the lucrative

SEC Changes in Accredited Investor Definition Last year, the Securities and Exchange Commission (SEC) amended the definition of “accredited investor” to to expand the definition beyond specific income or net worth tests.  This is important because the sale of securities

While many startup companies give stock options to employees, others give restricted stock to its founders and some employees.  “Restricted stock” is stock that is granted to a stockholder, but that is restricted because it cannot be transferred or sold