Those investing in businesses would often prefer to do so discreetly. People don't want to have their names tied to specific companies or have the extent of their personal resources made public knowledge. Many investors, including those who provide substantial...
Regulatory Work
JPMorgan loses case to vacate multi-million dollar award
Navigating the complexities of the financial sector can be challenging, even for seasoned professionals. Recent developments around a former financial advisor, Dustin Luckett, and banking giant JPMorgan Chase highlight the intricacies and potential pitfalls...
Qualifying patients could use – but not smoke – cannabis under SB 47
Cannabis appears to be moving toward partial legalization in Kentucky, if slowly. A proposal to legalize the use of cannabis by people with certain medical conditions, SB 47, is currently before the full Kentucky Senate. If the bill were to make it into law, people...
How sure are you that your cannabis business is in compliance?
Cannabis business regulation is a new and growing area of law. States differ on how and when to regulate, what regulations are necessary for public health and safety, and precisely what is required for compliance. Compliance is mandatory, and failure to comply could...
What Colorado cannabis companies need to know about the changing laws
The perception held by much of the United States is that Colorado is a marijuana free-for-all, that anyone can freely sell marijuana in the streets with impunity. However, anyone running a dispensary or any kind of marijuana business in the state knows the strict...
SDIRA investment in family companies would shrink under BBB Act, part 2
In part 1 of this post, we described self-directed individual retirement accounts (SDIRAs) and how they differ from traditional individual retirement accounts (IRAs), including ROTH IRAs. Broadly, traditional IRAs invest in conventional products like stocks, mutual...
Would a private placement be a good option for raising capital for your business?
Of course, many new businesses incorporate, and private companies go public by raising capital through public offerings of equity shares in their corporations – usually of stock. However, while going public may be the right decision for many businesses, federal...
Kentucky hemp business dispute underscores importance of comprehensive contracting
At our law firm, we represent Kentucky businesses and their owners as well as entrepreneurs and out-of-state entities doing business in Kentucky in a wide range of contract services. From negotiation with other parties to the creation of strong contracts that protect...
Pandemic bringing investment scammers out of the woodwork
The U.S. Securities and Exchange Commission (SEC) is publicly warning investors to be wary during the current COVID-19 emergency of an increase in fraudulent schemes to trick them out of their money, including through investment scams. In times of economic...
Lawsuit over name change may affect income for Kentucky fund
Many factors can affect an investment, which forces many savvy investors to be constantly vigilant for threats to brands as well as the operations and project of a company or subsidiary. There is a lot of support work that must be done to protect a brand, and that...