Single member limited liability companies (“single member LLCs”) are a unique creature authorized by the Colorado limited liability company act (the “Colorado Act”) and the limited liability acts of many other states. Learn about how single member LLCs are not an effective asset protection device, especially in Colorado. Click here for article authored by Herrrick K. Lidstone, Jr..
The 2000’s have not been nice to law firms, including some old, venerable, firms and a local firm in one case addressed by the Colorado Court of Appeals. When senior lawyers pick up their computers and leave a law firm, sometimes leaving it in extremis, there are a number of issues that may arise. Click here […]
by Herrick K. Lidstone, Jr., Lee E. Miller, and Alix L. Joseph Corporate environmental disclosures are receiving greater scrutiny by the United States Securities and Exchange Commission (“SEC”) as a result of the Sarbanes-Oxley Act and a Congressional investigative report. GAO Report In July 2004, the Government Accountability Office (“GAO”) issued a report to Congress […]
By Herrick K. Lidstone, Jr. and Rachel T. Rowley Recently a federal judge from Orlando, Florida, brought the children’s game of Rock, Paper, Scissors to national attention through Forbes Magazine and CNNMoney.com. Datelined June 7, 2006, Fortune writer Roger Parloff describes two lawyers in a federal case who could not agree on the place for […]
On August 29, 2012 the Securities and Exchange Commission proposed a rule to amend Rule 506 of Regulation D. If the amendment is adopted, new Rule 506(c) would permit general solicitation for offerings made pursuant to Rule 506, provided that all purchasers of the securities are accredited investors. Click here to read more in this article […]
Read more about two cases that say “no” and one that says “yes” in this article by Herrick K. Lidstone, Jr.. Click here to read more.
There has been a large amount written in law firm memoranda and news articles on how the Dodd-Frank Act impacts major banks and broker dealers, attempts to control derivative securities, and otherwise impacts Wall Street’s financial practices. Read this article by Herrick K. Lidstone, Jr. to learn more.
By Herrick K. Lidstone, Jr. All of our clients are parties to contracts. These contracts may be a page or two in length; they may be a hundred or more pages. The contract may be for a home improvement project or for a complex business transaction. The contract may even be on the back of […]
Undoubtedly one of the best methods of deferring capital gains taxes is through the use of Section 1031 of the Internal Revenue Code, commonly known as the 1031 Exchange. However, as popularity of the 1031 Exchange increases so do concerns. In today’s market, a basic understanding of 1031 Exchanges is invaluable and thorough due diligence […]
Most directors and officers of non-U.S. companies cringe at the thought of subjecting their company to the U.S. securities laws, especially the onerous requirements that were imposed by the Sarbanes-Oxley Act of 2002 and subsequent regulation. However, there are certain benefits to non-U.S. companies if they register their common stock or other class of securities […]
