On July 1, 2018, the Diane B. Allen New Jersey Equal Pay Act will go into effect. If you have employees, you need to know about this important new law and what it might mean for you and your business. For more information please read Lauren Paxton's Article: Equal Pay Act - Just the FAQs For…
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Privacy – Summary of InfoSec Policy Issues
While many businesses believe that they have adequate procedures in place to protect their own confidential information or that of their clients/customers, most do not. Rather, they merely have a section in their employee handbook on confidentiality, and maybe require their employees to sign confidentiality or non-disclosure agreements. Generally, such provisions are not sufficient to…
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Accredited Investors
Many people thinking or reading about startups and crowdfunding come across the phrase “accredited investors,” but it’s not always explained.
The Securities Act of 1933 regulated public offerings after the 1929 stock market crash scared, well, everyone. However, the definition of accredited investor appears in Rule 501 of Reg D originally adopted in 1982. It provides a safe harbor exemption from registration. “Safe harbor” means that if an offering complies with the specified requirements in a rule, the SEC deems it to not be a public offering and exempt from registration.
Registration, briefly, means the filing of a vast amount of information with the SEC that has to be provided to prospective investors. It must include all information required by the SEC and any information needed to make the materials not misleading. This is essentially “going public” and is an expensive and time-consuming process.
Retention of Key Employees for IT/SaaS Companies – Executive Employment Agreements
Prevalence of executive employment agreements – the competition for attracting talent in rapidly growing IT/SaaS companies is fierce and retention is a key issue for companies in the industry. For C-Suite and key executives (I.e. VP/Exec Manager level) the incidence of employment agreement is very high: +/- 90% have employment agreements with protective provisions in…
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