A long-awaited and welcome piece of the recent stimulus package is directly pointed at the restaurant and hospitality industries. Billions of dollars in federal grant money will be available to privately owned hospitality businesses through the $1.9 trillion COVID...
Corporate & Securities
Ohio to Receive $11 Billion From American Rescue Plan, Including $541 Million for Cleveland
The American Rescue Plan Act of 2021, passed by the House on Wednesday and signed into law Thursday by President Joe Biden, will bring a flood of much-needed funds into the state of Ohio – and Cleveland, in particular. The $1.9 trillion COVID relief bill allocates...
Corporate Transparency Act: Compliance Obligations for Small Businesses
Earlier this year, Congress passed the Corporate Transparency Act (CTA), which will require certain small businesses to identify and disclose information about their owners. While the purpose of the law is to help stop money laundering (by inhibiting the abuse of...
GameStop Stock: It’s More Than Games Now
At this point, almost everyone in the U.S. has taken note of the ongoing battles concerning GameStop stock, Reddit and hedge funds. For once, America seems to finally agree about something: much of the market looks like it’s a bubble. Before getting into details on...
Don’t Let Your Startup Become a Start Over
There were almost 31 million small businesses in the United States in 2019. Entrepreneurs know that starting a business is full of difficult decisions, such as assessing the need for legal counsel. Startups can fear getting attorneys involved because attorneys look to...
SEC Updates Accredited Investor Definition
Private companies seeking to raise capital by selling equity to investors must structure the raise so that it is not considered a public offering under the Securities Act of 1933 unless they are prepared to undergo the cost and expense of an IPO. The most commonly...
Corporate Boards & Diversity Demands: the Latest Frontier for Shareholder Lawsuits
Following the deaths of George Floyd, Breonna Taylor and Ahmaud Arbery, along with the resulting social unrest, there has been a renewed focus on issues of racial diversity, equality and inclusion. In the business world, investors have turned their attention to the...
For Sale: A Guide to Student-Athletes’ Publicity Rights and Changes
By Samir Dahman & Alexis Preskar If there are two things Americans love, it’s capitalism and sports. However, the current college sports model eschews a competitive market in favor of a monopoly for universities and the NCAA. Recently, states and students have...
Funding a Private Investment Opportunity: Practical Tips for Physicians
By Cary Zimmerman & Kate Hickner This article was originally published in the Winter 2020 issue of Communique. At some point in their careers, physicians find themselves contemplating a private investment opportunity. Sometimes physicians are approached by friends...
Number of Female-Founded Unicorns Reaches High Water Mark in 2019
By Cary Zimmerman 2019 in Review: Uptick in Unicorns Great news! In an exciting follow-up to my previous article on this topic, final 2019 data is showing that it was a historic year for female-founded unicorns. Crunchbase reports that an all-time high of 21...