Rimon

Tough Marriage?

Insights September 2, 2009

On September 1, 2009, Ebay announced that it would sell 65% of Skype, an internet calling service to a group of investors which includes Silver Lake, a private-equity fund, and a venture-capital firm started recently by Marc Andreessen, founder of Netscape. The price was $1.9 billion in cash, higher than previously expected. Skype was purchased…

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What do entrepreneurs give up to VCs?

Insights September 1, 2009

Lots of young entrepreneurs in Silicon Valley these days hope to begin their business, let people know their companies, and furthermore, draw the attention of venture capitalists, who will devote money to their new enterprise. Something that an entrepreneur must keep in mind is something that he must give up to VCs when getting money…

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U.S. Reporting of Undisclosed Foreign Accounts

Insights September 1, 2009

The IRS has now implemented a special approved penalty framework for resolving the civil side of offshore voluntary disclosures and this approved penalty framework is effective till September 23, 2009 at which time the IRS intends to re-evaluate the approved penalty framework. Under the approved penalty framework, the taxpayer has to file correct or amended…

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Clean Tech Companies in Obama’s Administration

Insights Clean Tech Companies in Obama’s Administration Michael Moradzadeh · August 28, 2009

Clean Tech is generally considered to include multiple advanced technologies in four economic sectors: energy, waste, materials, and transportation. These technologies break down in categories such as energy generation and storage, water and wastewater, air and environment, etc. There is no clear-cut definition for a “Clean-Tech” Company, but as shown by its name, a clean-tech…

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What is an S-Corporartion?

Insights What is an S-Corporartion? Michael Moradzadeh · August 19, 2009

S-Corporations are corporations that elect to be treated as pass-through entities by the IRS. In order to qualify for S-Corporation status a corporation needs to satisfy several conditions, including the following: 1) all shareholders must be residents of the United States; 2) the corporation may only have one class of shareholders and may not have more than…

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What is a foreign filing?

Insights What is a foreign filing? Michael Moradzadeh · August 19, 2009

Whenever a corporation or limited liability company does business (i.e. enters contracts or agreements) in a state other than the state in which they are domiciled, they are required to do a foreign filing in that state. For example, if a business is incorporated in Delaware, but has an office and/or employees based in California,…

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Where should I form my entity?

Insights Where should I form my entity? Michael Moradzadeh · August 19, 2009

This can be a very complex question. If you are looking to grow the company and get outside investment, then you should probably form an entity in Delaware. If your entity will have real estate holdings Nevada might also be a good option. Otherwise, it might make the most sense to simply form the entity…

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Does the Future Belong to Virtual Law Firms?

News August 3, 2009

Rimon Law Group was featured on August 3, 2009 in the American Lawyer in an article by legal reporter Francesca Heintz.  The story describes the continued growth of alternative-model law firms, in the midst of a struggling legal industry. The article can be viewed on the the American Lawyer’s website.

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Employment Service Agreements

Insights August 2, 2009

A new company should determine which of its workers are employees and which are independent contractors. The workers’ status will determine what benefits s/he is owed during employment and at its conclusion. A new company is building its reputation not just for its product, but for its staff and for fairness as an employer as…

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Non−competition Agreements

Insights Non−competition Agreements Michael Moradzadeh · August 1, 2009

Can a part-time employee hold another job while working for you? Can he or she work for a direct competitor a year after he involuntarily leaves his employment? Does this change if he owns part of your business? What if the competitor is anywhere in the world instead of in the samecounty? Different states have…

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