Entrepreneurs

News & Analysis as of

Proposed Rule to Benefit Certain Immigrant Startup Entrepreneurs

Qualified applicants would be granted parole in United States for up to five years. On August 26, 2016, US Citizenship and Immigration Services (USCIS) published an advance copy of a proposed rule that would extend...more

The “Shark Tank Visa”: Proposed Rule Opens Door for Foreign Entrepreneurs

Last Wednesday, the Department of Homeland Security (“DHS”) announced a proposal that would allow foreign entrepreneurs to enter the United States to operate high-growth, job-creating startup enterprises. As with other...more

Venture Capitalists and Immigration Proponents Likely Disappointed by USCIS Proposed Entrepreneurial Parolee Rule

Seyfarth Synopsis: USCIS proposes a regulation to grant special “parole” entry to certain foreign entrepreneurs backed by venture capitalists and angel investors. The rule is long and complicated, while the benefit granted...more

New Visa Rule Proposed for International Entrepreneurs

The Secretary of the Department of Homeland Security recently signed a proposed rule that would allow certain international entrepreneurs to temporarily enter the U.S. to start their businesses. The U.S. Citizenship and...more

International Entrepreneurs Receive Welcome News from USCIS

The U.S. Citizenship and Immigration Service (USCIS) has announced a proposal to grant international entrepreneurs temporary admission to the United States in order to start or scale their businesses here. On Friday, August...more

DHS Proposes Rule That Would Expand Immigration Options for Certain Foreign Entrepreneurs

On August 26, 2016, the U.S. Department of Homeland Security (DHS) revealed an advance copy of its notice of proposed rulemaking, entitled “International Entrepreneur Rule.” This rule follow President Obama’s promise in...more

New International Entrepreneur Rule Revealed

Today, the U.S. Citizenship and Immigration Services (USCIS) announced it is proposing a new rule, which would allow certain international entrepreneurs to stay in the U.S. on a case-by-case basis, in order to start or grow...more

Immigration Relief for Foreign Entrepreneurs

On August 26, 2016, USCIS released the text of a proposed rule to be published in the Federal Register shortly, that provides temporary immigration relief to qualifying foreign entrepreneurs whose presence in the U.S. would...more

In Case You Missed It: Launch Links - August, 2016 #3

Some interesting links we found across the web this week: In Copyright Law, Computers and Robots Don’t Count - We mentioned last week the changing landscape of software patents, but don’t lose sight of developments...more

Everything is Negotiable, including Personal Guarantees

As many entrepreneurs and small business owners know, banks, landlords and investors will often require a personal guarantee. A personal guarantee allows the lender to reach your personal assets to satisfy a debt in the event...more

The ABCs of B Corps

Determining which entity structure to use to organize your business is an important first step for any start-up. If you are a socially conscious or environmentally minded entrepreneur, consider a benefit corporation,...more

Worthwhile Uncomfortable Conversations

Seth Godin wrote this past weekend about joint ownership of creations...more

The Entrepreneurs Report - 1H 2016

Dual-Class Stock: A Founder Favorite Faces Growing Investor Disapproval - Earlier this year, the investment firm T. Rowe Price adopted new voting policies that penalize companies with dual-class stock structures. They...more

Restructuring Liquidation Preferences

Job candidates may choose to work for a startup to help build something new, to work in an environment that fosters and rewards creativity, or to get the thrill of climbing aboard a “rocket ship.” New employees rarely, if...more

Small Businesses, Big Opportunities – Recent SBA Expansion of the Mentor-Protégé Program

Effective August 24, 2016, the Small Business Administration (“SBA”) will fulfill the mandates of the Small Business Jobs Act of 2010 and the National Defense Authorization Act for Fiscal Year 2013 (“NDAA 2013”), which...more

In Case You Missed It: Launch Links - July, 2016 #4

Some interesting links we found across the web this week: WilmerHale Partnership with Leading FinTech Accelerator Culminates in First NY Demo Day - It’s been a busy summer of sponsorships here at WilmerHale! In...more

Foreign Entrepreneurs Series | Part 2: Immigrant Visas

In May, we began a series discussing some of the issues faced by foreign entrepreneurs when starting businesses in the United States. In that post, we discussed the importance of evaluating available visa options before...more

A Month in UK Employment Law - August 2016

News & Legislation Update - The UK votes to leave the EU - We could not write a roundup of news stories from the UK without referencing the UK's vote to leave the EU. The so-called "Brexit" has created...more

In Case You Missed It: Launch Links - July, 2016 #3

Some interesting links we found across the web this week: Don’t Make Founders’ Equity Even - In case you missed it, our very own Gary Schall is featured in TechCrunch this week with some free advice for early-stage...more

Advisory Boards: Dos and Don’ts for Entrepreneurs

Many startups get independent and experienced advice from an advisory board. Board advisors are typically experienced hands who can help the board of directors fulfill its duties without getting bogged down by the details of...more

An Emerging Trend in Early-Stage Company Financing? – After Years of Growing Ubiquity of Convertible Notes, a Return to Priced...

After years of increasing acceptance of and reliance on convertible note financings as a mechanism for funding early-stage companies, we have noted a clear emerging trend away from such transactions (and others like them,...more

Failing to Put in Place an Appropriate Buy-sell Agreement Among the Business Owners - Pay Me Now or Pay Me Later - Common Legal...

Pay Me Now or Pay Me Later is a series of short tips on common legal mistakes small business owners make. Tip? #2?? - Put in Place an Appropriate Buy-sell Agreement Among the Business Owners... ...more

Anatomy of a Term Sheet: Series A Financing (Q2 2016)

A key milestone in the lifecycle of many successful companies (and, admittedly, many unsuccessful companies) is obtaining financing from angel or venture capital investors, but in negotiating with experienced investors...more

Failing to Choose the Best Entity Structure for Your Business - Pay Me Now or Pay Me Later - Common Legal Mistakes Made by Small...

Pay Me Now or Pay Me Later is a series of short tips on common legal mistakes small business owners make. Tip? #1?? - Failing to Choose the Best Entity Structure for Your Business...more

Weekly Update Newsletter - June 2016 #4

SENATE TESTIMONY - Jon Williams Testifies in Kingdomware Senate Committee Hearing On June 23, Jon Williams, Partner in the PilieroMazza Government Contracts Group, testified before the U.S. Senate Committee on Small...more

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