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Unintended Consequences
The statute exempts "evidence of indebtedness" that meets one of two tests - but only for parties who meet the statute's sophistication standard.
By Robert C. Barnes
A small but promising California startup company is in need of funds - now. Equities markets have dried up, new investors are scarce and the company's small size and lack of track record rule out most large institutional lenders. How does the company's new chief executive officer structure sho...
A small but promising California startup company is in need of funds - now. Equities markets have dried up, new investors are scarce and the company's small size and lack of track record rule out most large institutional lenders. How does the company's new chief executive officer structure sho...