Types of Crowdfunding
Victory at any cost can sometimes be more damaging than defeat itself. This principle is embodied in the concept of a Pyrrhic victory—where a victory inflicts such a devastating toll on the victor that it is tantamount to...more
On April 26, 2024, IRS Chief Counsel, Income Tax & Accounting (IT&A), released a legal memorandum (ILM) addressing the treatment of credit card reward liabilities for which a customer earns rewards that can be redeemed for...more
Join WorldatWork and global thought leaders for this informative one-day event and networking forum designed specifically for the Georgia-based Total Rewards community. Total Rewards is now THE top driver of retention in...more
On December 10, New York General Business Law § 520-e went into effect according to the Governor’s press release. The new law prevents credit card holders from losing unused earned credit card points and requires credit card...more
Property rights and the protection of personal belongings are essential aspects of any society governed by the rule of law. In the UAE, specific laws and regulations are in place to safeguard property....more
Oil and gas Joint Ventures (JVs) present a unique set of challenges when disputes arise. Such disputes often revolve around two key areas: Production and distribution - Construction of infrastructure...more
Generative artificial intelligence (AI) is computer software that can create new content or data by tracking patterns from existing data. AI is dominating public discourse: across all media, all industries, and all segments...more
The IRS recently released Revenue Ruling 2023-14, in which it addresses the tax treatment of cryptocurrency staking rewards. The IRS phases the issue as follows: If a taxpayer that uses a cash method of accounting...more
Under the patent law system, the issue of reward and remuneration for service inventions has always been a hot issue that has attracted widespread attention, and enterprises will also pay special attention to the compliance...more
In the latest turn of events for the closely followed Jarrett case concerning the taxation of staking rewards, on September 30, 2022, the US District Court for the Middle District of Tennessee granted the United States’...more
The U.S. Department of State has announced a $10 million reward for “information leading to the identification or location of any person who, while acting at the direction or under the control of a foreign government,...more
Stakers—taxpayers involved in proof of stake (PoS) validation of blockchain transactions—continue to operate in uncharted tax waters. PoS blockchains represent over half of the $1.68 trillion cryptocurrency market...more
The flurry of proposed legislative activity around loot boxes continues. State Rep. Rick Hansen (DFL-South Saint Paul) introduced H.F. 4460in Minnesota this week. H.F. 4460 would prohibit game purchases that result in random...more
Employers offering wellness program rewards should be aware that some medical insurance salespeople are recommending arrangements that fail to comply with applicable law....more
This week the San Bernardino County issued a warning to drone operators: If you fly, we can’t. Just this year, several fire-fighting tanks have been diverted away from their targets in San Bernardino County due to the...more
There are many services available to emerging companies to raise money through crowdfunding. As an entrepreneur or leader of a company evaluating these options, it is important to understand the basic legal foundations of...more
This post was originally written by Dylan Rochon, 2015 Foley & Lardner LLP Startup Connector. The term “crowdfunding” is closely associated with websites such as Kickstarter.com and GoFundMe.com. These sites provide a...more
Last week, the FTC announced its first legal action involving crowdfunding. For those of you who don’t know, crowdfunding is the practice of raising money for a project by seeking contributions from a large number of people,...more
Philip Schroeder, Esq. discusses the types crowdfunding: • Donation Model Crowdfunding (e.g.) Kickstarter • Rewards Model Crowdfunding • Equity Crowdfuning o Sales to Accredited Investors...more
Here at Law Law Land, there are a few pearls of wisdom we like to repeat — perhaps to a fault — just because they are so helpful and right. Copyright law doesn’t protect ideas, only the expressions of ideas. Being legally...more