Year: 2021

Sub-Chapter 5 Bankruptcy

Sub-Chapter 5 Bankruptcy – Top 10 Key Benefits

On February 19, 2020, Congress enacted the Small Business Reorganization Act of 2019 (“SBRA”), also known as a Sub-Chapter 5 Bankruptcy, to help small businesses through the bankruptcy restructuring process.  The intent of the Sub-Chapter 5 Bankruptcy is to provide small businesses with a faster and less expensive option for reorganizing under Chapter 11. For many …

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Agile Legal

Corporate Transparency Act Signals Seismic Shift for US Business Owners

The Corporate Transparency Act of 2019 (CTA) introduced in May 2019 was attached to the National Defense Authorization Act for Fiscal Year 2021 (NDAA) which passed the Senate on Friday, December 11, 2020 and has been sent to the President.  The NDAA passed the Senate 84-13 and was approved by the House 355-78 making any veto …

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Agile Legal

Important Update Regarding Private Placements and Limited Offerings Being Sold in New York

Notice: January 6, 2021 In December, the New York Attorney General announced new rules and guidance regarding securities issuers and offerings.  The most notable for private placements and limited offerings is the clarification that such offerings being sold in New York must comply with notice filing requirements.  In the new guidance, New York expressly rejects the position held by …

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