Mon.Sep 27, 2021

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Reverse Veil-Piercing: Why it Matters. An Example From Delaware.

Appraisal Rights

Delaware law generally respects corporate separateness, but in rare cases will disregard the corporate form to prevent fraud or injustice. Earlier this year, in Manichaean Capital, LLC v. Exela Technologies, Inc. , 2021 WL 2104857 (Del. Ch. May 25, 2021), Vice Chancellor Slights issued the first Delaware decision recognizing reverse veil-piercing, in which liability is imposed on an entity for the liabilities of its owners, in allowing the claim of plaintiffs attempting to collect an appraisal

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3 Signs your firm should be offering Advisory services

ThomsonReuters

How can you know when your firm should offer advisory services? Let’s take a look at the different changes you might be experiencing, and how offering advisory services is a great response. Client expectations are changing. Clients have ever changing needs. As their needs change, your firm needs to be willing to adapt to do the same. If your clientele has growing interest in things like crypto currency, nonfungible tokens, or blockchain they will need your help navigating these worlds.

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Proposed Federal Tax Legislation Would Reduce QSBS Benefit and Raise Capital Gain Rates

Cooley M&A

Last week, the House Ways and Means Committee announced its consideration of federal tax legislative proposals that include reducing the exclusion from income of gain on the sale of qualified small business stock (QSBS) and increasing the tax rate on long-term capital gains, in each case for noncorporate upper-income taxpayers. Section 1202 of the Internal Revenue Code of 1986 (the Code) provides an exclusion from income for noncorporate taxpayers on gain from sales of QSBS held for more than fi

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