What is the Difference between an LLC and Corporation? The first major decision for any new business owner is, “how do I protect myself legally?” Whether through a google search or a discussion with a friend or lawyer, a new owner inevitably hears about limited liability companies and corporations. Since both offer the liability protection [...]
Individuals and businesses have a variety of legal rights in the intangible things that create, invent, design or write. These are generally known as Intellectual Property and most people are familiar with the big three: copyright, trademark and patent. Lesser known, trade secrets can also offer substantial protection and represent a valuable asset that must [...]
Lifting the Ban on General Solicitation in Rule 506(c) Securities Offerings In a long awaited and widely sought change, the SEC has recently announced a final rule (the “final rule”) lifting the ban on general solicitation or general advertising (collectively, “general solicitation”) in certain private offerings of securities, as required by the JOBS Act. The [...]
Do you know when your last project was substantially complete? Most contractors would probably agree that substantial completion is not actual completion. A recent Oregon Court of Appeals case, however, shed light on the meaning of “substantial completion” under Oregon’s statute of repose (ORS 12.135) for construction claims. A statute of repose is similar to [...]
With Governor John Kitzhaber’s signature of House Bill 2296 on June 18, Oregon passed a law recognizing the Benefit Corporation as a legal entity. This new legislation marks the culmination of an ongoing effort by members of the business community to gain legal recognition of business motives other than financial gain. It seems fitting that [...]