Limited liability companies (“LLCs”) have become a common choice of entity in Oregon in the 20-plus years since adoption of the Oregon Limited Liability Company Act (“Act”).
LLCs are formed by filing Articles of...more
In a previous article titled “Are Membership Interests in LLCs Securities Under Oregon Law?”, we considered the application of investment contract theory to determine whether interests in member-managed limited liability...more
Following is an overview of several elements to be considered by issuers undertaking a “small offering” or “private placement” of securities. For purposes of this discussion, a “security” includes stock in a corporation;...more
Crowdfunding is a means of raising capital, typically by a large number of smaller contributions, from individuals via the Internet and social networking platforms. The use of crowdfunding as an alternative to traditional...more