rprasad

86 ms·

751.
by rprasad 14y ago
You can legally invest in startups without being Reg D accredited. However, most professionally-managed startups will not take investments from non-accredited investors because they don't want to go through the hassle of making sure they q
752.
by rprasad 14y ago
The parent's reference to taxation has no basis in reality; your understanding of taxation is correct. You are only taxed on income. If you have money in the bank, and you receive more money, that new money gets taxed. If you own a compan
753.
by rprasad 14y ago
You are not misinterpreting Reg D, but you haven't looked at the exceptions. There are numerous exemptions to Reg D, including the Intrastate Exemption and the Private Placement Exemption (usually, both of those are at play when dealing wit
754.
by rprasad 14y ago
Yes, it is. On an absolute basis, the Facebook IPO resulted in the lowest 5-day return of any US IPO in the past century. The qualifier "largest" was used only because FB lost more capital in 5 days than the total market caps of the com
755.
by rprasad 14y ago
You may never see this but...try to renegotiate your contract. If they think you're worth it, they will modify the contract to allow the side project. If not, you know where you stand with them and should move on.
756.
by rprasad 14y ago
If you're willing to work long hours, you can do both and decide toward the end of the 11 week contract. Contracting is a very different experience from being an employee. You may find that you enjoy it, or you may hate the experience.
757.
by rprasad 14y ago
By that extremely liberal definition of studying, I "studied" no more than an hour or two in 7 years of undergrad + law school... Studying is studying. It doesn't matter if it's assigned studying or not.
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by rprasad 14y ago
Of course it's been rejected from Kickstarter. It's a medical device which sends electrical currents directly into the brain. It's a product liability nightmare in one of the most heavily litigated markets (medical consumer hardware).
759.
by rprasad 14y ago
In some states, and especially in NY, a co-op can require approval of sales, or right of first refusal.
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by rprasad 14y ago
That's generally true of most first world countries, including the US and the UK. Contracts can be broken if they would require an illegal act (i.e., a "crime"), but regulatory infractions generally are not sufficient.
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by rprasad 14y ago
At first I thought that you were veering into dangerous chair by armchair lawyering, but then I read the article. It is borderline libel (meaning that a jury could find the statements libelous). [Note: For legal purposes, libel is writt
762.
by rprasad 14y ago
The media did have the same feat over the double-irish structure. It's possible that you did not notice this at the time, but there was definitely an uproar over what many considered to be tax evasion by U.S. companies. In fact, there was
763.
by rprasad 14y ago
Lol. I just realized why people aren't understanding my other comments about why this debate matters. Here's an explanation: Capital gains on the sale of capital assets (i.e., stock) by foreign persons are not taxable by the U.S. Only cer
764.
by rprasad 14y ago
I agree, but the key problem is that the U.S. tax system is structured to collect taxes after the period to which they relate. This is done to minimize the compliance burden on taxpayers and to minimize the IRS' burden in ensuring complianc
765.
by rprasad 14y ago
People disagree on whether he is/was playing by the rules, and this is the very heart of the debate. It's not an issue of objective technical compliance, since he has objectively complied with the rules. However, like all anti-abuse provis
766.
by rprasad 14y ago
I'm saying he owed us in both the legal and moral sense. I do not know whether (or if so, when) Eduardo has paid taxes on his Facebook shares, so I cannot opine on whether he still owes us under the laws currently in effect. Morally...I
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by rprasad 14y ago
That's the hazard of Section 83. You greatly minimize your tax exposure if the stock increases in value, but you take a wash if it sinks. If you didn't want to take the risk of a loss, you should not have elected into Section 83.
768.
by rprasad 14y ago
It's not a matter of spite--it's the fact that Eduardo's primary claim to life and wealth is due to America: coming to America saved Eduardo's life as a youth after he became the target of Brazilian kidnappers, getting an American education
769.
by rprasad 14y ago
No, the restriction only applies to criminal laws. Also, having renounced his citizenship and already given up his U.S. residency, he is no longer subject to the protections of the U.S. constitution.
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by rprasad 14y ago
The only thing he provided was the angel funding for Facebook. He literally hasn't done any work to earn the increase in the value of Facebook's stock since he got fired a few months after Facebook launched. This guy is practically the
771.
by rprasad 14y ago
The usage is correct. To beg the question is to ask the audience to accept a proposition stated in the question without having first provided evidence supporting the proposition. This is exactly what the OP does, where he states "if the p
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by rprasad 14y ago
That's not true. Few people paid the 90% rate because the income bracket was so high that few people actually made enough money to fall into that bracket. The tax code had fewer deductions in the 1950s then it does now. All compensation wa
773.
by rprasad 14y ago
The government encourages overproduction of foodstuffs because it is better to have food and not need it (and consequently sell or store the unused food) then to need food and be without. That is, and always has been, the government's purp
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by rprasad 14y ago
Under the first sale doctrine, he has a right to do whatever he wants to the bytes that he has purchased. The underlying content (i.e., the "book"), however, remains subject to stuff like copyright, etc. But in all seriousness, the DMCA do
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by rprasad 14y ago
All law firms are bootstrapped and always have been, as are almost all small accounting firms. Many authors bootstrap: either they write their works while still employed, or they quit and hope to make enough from their writing to do it ful
776.
by rprasad 14y ago
What you are demanding is incredibly expensive, especially #4 and #6. #2 would necessitate an incredible amount of arbitrage (i.e., increase prices even further) because it would severely impact their ability to maximize parcels shipped. #
777.
by rprasad 14y ago
Except, you know, that all proposed legislation is publicly posted to the Thomas system with 24 hours of submission (i.e., prior to voting), all legislative hearings and regulatory hearings are open to the public, and...get this...legislati
778.
by rprasad 14y ago
I hate to break it to you, but most of the legal documents you pay for are already standardized . They have been for years (or decades, depending on the area of law). You're paying for the customizations that are specific to your situati
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by rprasad 14y ago
Get a lawyer. Immediately. That is the only advice that matters.
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by rprasad 14y ago
I know/knew shift managers in the Los Angeles area (Downtown, South Central, Beverly Hills/Century City/Westwood, and West LA), Oakland/Berkely, Cleveland/East Cleveland, and Atlanta. They make good money, especially considering that many o

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