LB 148 amended various sections of the Securities Act of Nebraska (the “Act”). Some of the most substantive changes were to §8-1111. Generally, offers and sales of securities in the State of Nebraska must be registered unless an exemption is available, and §8-1111 provides transactional exemptions from registration under the […]
The Closer – M&A, Securities & Corporate Counsel
Three Things to Consider When Adopting or Updating the Articles or Bylaws of a Nebraska Corporation
on Monday, 28 August 2017 in
The Closer - M&A, Securities & Corporate Counsel: Kevin P. Tracy, Editor
On January 1, 2017, the Nebraska Model Business Corporation Act (“Act”) went into effect. Its adoption provides numerous changes for the formation and operation of Nebraska corporations. This article will highlight three of the changes from the Act that any corporation should consider adopting and incorporating into their governing documents. […]
New Partnership Audit Procedures — What Do They Mean for My Partnership or LLC? (Part 2 of 3)
on Wednesday, 2 August 2017 in
The Closer - M&A, Securities & Corporate Counsel: Kevin P. Tracy, Editor
This is the second of a three-part overview of the new partnership audit rules codified in the Bipartisan Budget Act of 2015 (the “Act”) that will take effect January 1, 2018. In Part 1, we provided an overview of the new partnership audit rules. In this Part, we describe the […]
Primary Considerations for Foreign Investment in the United States (Part 2)
on Friday, 2 June 2017 in
The Closer - M&A, Securities & Corporate Counsel: Kevin P. Tracy, Editor
This is the second installment in a two-part series which provides a brief overview of some important considerations for foreign business people and foreign companies considering investment in the United States. Employees In connection with organizing your business structure in the U.S., U.S. Visa requirements should be a consideration early […]
Recent Amendments to SEC Rule 504 “Seed Capital” Exemption and Securities Act of Nebraska Exemption
on Thursday, 11 May 2017 in
The Closer - M&A, Securities & Corporate Counsel: Kevin P. Tracy, Editor
Since its original adoption in 1982, Securities and Exchange Commission (“SEC”) Regulation D, Rule 504 has been limited in amount to the issuance of no more than $1 million in securities in a 12-month period. Effective January 20, 2017, the SEC increased the maximum offering amount to $5 million in […]
