Summary of Significant Changes under the Tax Cuts and Jobs Act of 2017

On December 22, 2017, President Trump signed into law a sweeping tax reform bill known as the Tax Cuts and Jobs Act of 2017 (“TCJA”) that introduced significant changes for individuals, corporations, and pass-through entities. In his article Summary of Significant Changes under the Tax Cuts and Jobs Act of 2017, tax attorney Joe Hunt summarizes …

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C Corporations and Pass-Through Entities Under the New Tax Regime

In selecting the form of organization for a business or investment entity, the owners typically must choose from among a C corporation, an S corporation and an entity, such as a limited liability company (“LLC”), classified as a partnership for tax purposes.  A C corporation is separately taxed on its income, with the owners generally …

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Board Members and Investors Found Not Personally Liable Under Massachusetts Wage Act

A unanimous Massachusetts Supreme Judicial Court recently ruled in favor of two former board member-investors of a biotechnology startup, finding the board member-investors not personally liable under the Massachusetts Wage Act for “wages” claimed by the company’s former CEO. As employment attorney Scott Connolly discusses in his new article, Board Members and Investors Found Not …

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First Time Funds: The fundraising environment is strong; the fundraising process is hard

Raising capital for a first time private equity fund is difficult. First time fund managers often are surprised by how long it takes to secure enough capital commitments to hold a fund’s initial closing, particularly when seeking commitments from institutional investors. The good news is that first time funds have recently been in favor with …

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Top 11 Tips in Responding to a Subpoena

Most people react in one of two ways when they receive a subpoena: they either ignore it, or they panic. Of these two responses, panicking is the better one because it at least prompts you to call your attorney. In her article Top 11 Tips in Responding to a Subpoena, Amanda Phillips explains that your …

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Adviser Sanctioned for False Statements to Prospective Investors

The Securities and Exchange Commission sanctioned a private equity fund adviser and its chief executive officer for making false statements about the other investors that had committed to invest in one of the adviser’s private equity funds. As part of a settlement with the SEC, the adviser agreed to cease acting as an investment adviser …

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TPG Pays $12.8 Million to Settle Allegations that it Misled Investors

TPG Capital Advisors, LLC will pay $12.8 million to settle allegations that it misled prospective investors in three of its private equity funds. According to a settlement with the Securities and Exchange Commission, TPG misled prospective investors by failing to disclose its practice of requiring some portfolio companies to pay accelerated monitoring fees when certain …

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Elevations Launch the New Year at MBBP

    We are pleased to announce that Faith Kasparian and Jonathan Calla have each been elevated to the rank of Member at MBBP. An Intellectual Property attorney with more than fifteen years of experience, and a Certified Information Privacy Professional/United States (CIPP-US), Faith focuses her practice on privacy and data security, and on transactions involving the development and …

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Santa wants a trademark? Howard Zaharoff writes a letter offering Santa legal advice

In the IPWatchdog article Santa Claus Trademark: A Legal Opinion, Howard Zaharoff uses a mock letter to Santa to offer legal advice to trademark seekers. Howard discusses key considerations when registering a trademark, including the importance of how to define the business. For this informative, and entertaining, read, visit IPWatchdog.

Valeritas Featured on Fox Business Network’s Top Morning Show

Fox Business Network's show "Mornings with Maria" featured firm client Valeritas Holdings, Inc. In the segment, Valeritas CEO John Timberlake discussed the V-Go daily insulin delivery device, which is the only such device worn as a patch, and is meant to make life easier for those with Type 2 diabetes. John Timberlake was joined by Joe …

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