Hedge Fund First Steps Hedge Fund Start Ups – Joe Cassano There are many reasons why starting a hedge fund is a hot topic. Joseph Cassano, Senior Manager at WithumSmith+Brown, discusses the initial steps and key considerations of starting a hedge fund in the U.S. Click to Enlarge Previous Post Next Post
New York State Tax Reform – Investment Capital By Chaim Kofinas, CPA/PFS – Senior Manager – WithumSmith+Brown New York has relaxed the securities identification rule for New York corporate partners. This rule effectively applies to all investment partnerships that have, or may have, a corporate partner taxable in New York. New York State, the financial…
You take the time to select the perfect business entity for your startup professional services business. Competent tax and business advisors are consulted. The tax, limited liability and other factors are thoroughly weighed. You rest well after the decision is made with full confidence at least one sound decision concerning the business is settled. Then,…
Crowdfunding – Will it Work? On October 30, 2015, the SEC adopted the final rules for a new crowdfunding exemption from the Securities Act of 1933. Known as Title III, the exemption forms part of the Jumpstart Our Business Startups (JOBS) Act of 2012. The JOBS Act was originally passed with bipartisan support from Congress…
Letter of Intent Basics – LOI; IOI; E-I-E- I-O Marcus Vindictus: “Don’t you know your right flank from your left flank?” Captain Mucus: “I flunked flank.” Dialogue from the movie “History of the World- Part 1.” I hate playing the acronym game – where certain people toss around terms they are sure others don’t understand….
Financial Services Hot Topic – New Nexus Requirements Spread Across the U.S. By Chaim Kofinas, CPA/PFS – Senior Manager – WithumSmith+Brown Every state and city across the U.S. is seeking more tax revenue, that’s not new. What is new is the creativity that governments are employing to bring tax dollars within their net. Most of…
Accredited Investor Rule to Get a Facelift, Maybe… Ken Degraw, CPA, CFP, CFE – Partner – WithumSmith+Brown, CPAs Just when you thought Democrats and Republicans couldn’t agree to do much of anything comes a 347-8 vote in the House of Representatives. Dodd-Frank called for the SEC to regularly review the accredited investor rule. While the…
Many tech companies compensate employees using stock-based compensation (SBC) models, allowing employees to share in the potential upside [or downside] of an emerging growth company. However, depending on the nature and characteristics of the model, such financial instruments may be classified as either equity or liability. For unprofitable start-ups needing to comply with debt covenants,…
Treating Personal Goodwill as Property Most practitioners are aware that substantial tax savings are possible if a portion of the acquisition price of a business can be attributed to the owner of the business for personal goodwill. The characterization of the payments from the acquirer to the selling shareholder for personal goodwill could result in…
Share An Uncommon “Phone Freezing” Our first “300 Miles In Our Shoes” guest contributor is Amanda Wilkie, WithumSmith+Brown’s Chief Information Officer. An avid runner, Amanda immediately joined our Withum 300 group when she started with the firm last July and ran nearly 400 miles over the course of 2015. Here, she shares her story about the perils of…