Author Archives: Joe Wallin

About Joe Wallin

Joe Wallin focuses on emerging, high growth, and startup companies. Joe frequently represents companies in angel and venture financings, mergers and acquisitions, and other significant business transactions. Joe also represents investors in U.S. businesses, and provides general counsel services for companies from startup to post-public.

Senate Passes 1099 Repeal Bill; Bill On Its Way To The President

Good news this morning. The Senate has passed the 1099 repeal bill already passed by the House. The bill is now on its way to the President. Below is the Congressional Research Service summary of the bill: 3/3/2011–Passed House amended. … Continue reading

Posted in Federal Law & Regulation | 1 Comment

Choice of Entity: Is An LLC OK?

I am frequently asked by entrepreneurs starting technology companies what type of entity they should form.  And I usually advise startups to form as either a C corporation or an S corporation for the following reasons: If you plan to … Continue reading

Posted in Business Entities | Tagged , , | 2 Comments

Startup America Suggestion of the Day–Watch This Video

Posted in Startup Law | Tagged , , | 2 Comments

ANGEL INVESTMENT TAX CREDIT BILL (SB 256) NEEDS SUPPORT TO PASS

In February 2011 United States Senator Mark Pryor (Democrat, Arkansas) introduced legislation that would give angel investors in qualifying small businesses a federal income tax credit equal to 25% of the amount invested. (SB 256, known as “The American Opportunity … Continue reading

Posted in Federal Law & Regulation | Tagged , , | 5 Comments

Startup America Suggestion of the Day: Repeal Section 280G

If you are not familiar with the excise tax on parachute payments, Sections 280G and 4999 of the Internal Revenue Code impose a 20% excise tax on compensatory payments made in connection with a change in control transaction to certain … Continue reading

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