Month: April 2021

Warren Law Group

Tom Brady and Julian Edelman Launch Businesses Based on Blockchain

By Christopher D. Warren / April 7, 2021
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Tom Brady of the Tampa Bay Buccaneers is launching Autograph, a digital collectible business using the “non-fungible token” model in which digital content is uniquely verifiable on the blockchain. Brady’s former Patriot’s teammate Julian Edelman also recently launched an NFT business to promote grassroots digital content creation in sports and beyond. Interested in leveraging blockchain…

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Warren Law Group

Charitable Deductions May Be Capped Under Biden Proposal

By Christopher D. Warren / April 7, 2021
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In May, President Biden is expected to release a proposal in which itemized deductions (including charitable donations to 501(c)(3) organizations) will be capped at 28% for individuals earning more than $400,000. Todd Kulkin is our expert on non-profit organizations and can advise on formation, compliance, governance, and the special rules for NPOs. Reach out to…

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Warren Law Group

Treasury Secretary Calls for Minimum Corporate Tax Rate

By Christopher D. Warren / April 6, 2021
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Treasury Secretary Janet Yellen is calling for a minimum tax rate on multinational corporations among peers on the global stage.  The Biden Administration’s proposal would “raise the corporate tax rate to 28% from 21%, increase minimum taxes on U.S. companies’ foreign income and make it harder for foreign-owned companies with U.S. operations to benefit from…

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Warren Law Group

Work-Around Entities: S Corporations, LPs, and LLLPs.

By Christopher D. Warren / April 5, 2021
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by Paul Share In previous posts, we discussed business types that exist without any filing (sole proprietorships and partnerships) and corporations, the first type of entity to exist under US law that provided investors “limited liability”—the ability to invest in an enterprise without exposing all of one’s assets to liabilities of the enterprise. But, we…

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Warren Law Group

Social Bite to Fundraise in Olympic-Style Race

By Christopher D. Warren / April 5, 2021
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In September, Sir Chris Hoy will lead 1,000 bicycle riders in an Olympic-style race from Glasgow to Edinburgh to raise money for new Social Bite Villages in London and Glasgow, providing shelter to the homeless. Todd Kulkin is our expert on non-profit organizations and can advise on formation, compliance, governance, and the special rules for…

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Warren Law Group

Fraudster Sentenced to 15 Years in Prison

By Christopher D. Warren / April 2, 2021
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Gina Champion-Cain was sentenced to 15 years in federal prison after defrauding investors out of at least $372 million in a 7-year Ponzi scheme. Victims have so far reached settlement agreements successfully recovering over $60 million. If you have been affected by financial fraud, fiduciary malfeasance, or are under investigation by the SEC or FINRA,…

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Warren Law Group

SEC Takes Interest in Shell Companies

By Christopher D. Warren / April 1, 2021
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The SEC is taking an interest in SPACs, or special purpose acquisition companies, also known as “shell companies”, over concerns their markedly increased use for placement on stock exchanges has provided opportunities for fraud and other misconduct: “The SEC is looking into potentially illegal activity related to SPACs, according to people with knowledge of the…

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