The state has expanded the Illinois Angel Investment Tax Credit program, which we last wrote about in 2019. Securing this tax credit could be very important to potential investors, especially during this challenging fundraising period. Illinois now offers investors a 35% credit to their Illinois income tax liability for investments between $10,000 and $2 million […]
In order to take their companies to the next level, many company founders will seek money from individual investors. Before doing this, it’s important to know the basics of the regulatory framework enforced by the Securities and Exchange Commission. Running afoul of the law here can have serious negative consequences. Conversely, knowing what you are […]
There seems to be a lot of discussion among VC’s and lawyers on the coasts about the proper legal vehicle for seed-stage deals (e.g., here, here and here) and ways to streamline the legal documents (and thereby to minimize the legal fees) . As the founder of a legal practice devoted to serving startups at […]