rprasad

94 ms·

901.
by rprasad 15y ago
Yes, you're missing that management gets to choose the "lockout period" before existing shareholders can cash out. Usually, management imposes a 6 month lockout period but exempts management (i.e., board or executives) Mr. Zuck is manage
902.
by rprasad 15y ago
Singapore and Hong Kong collectively are smaller than Los Angeles or New York. Last I checked, the local tax rates in Los Angeles and New York are pretty damn low. Scale changes everything. It's possible to do things in a nation of only 7
903.
by rprasad 15y ago
A multinational can change its base of incorporation, and many people can and will change their citizenship over a million bucks, let alone a billion. This kind of foolish proposal would just drive more US businesses overseas. I do intern
904.
by rprasad 15y ago
Yes, that is the entire problem in a nutshell. They hired a lawyer and then completely failed to use him in a legal capacity. On that note...they could potentially have a malpractice suit against him for his failure to advise them on somet
905.
by rprasad 15y ago
There is no duress here; they reached out to him about how getting him to waive his claims. He had no obligation to do so. Likewise, they had no obligation to accept his offer and could have simply decided to risk it. IOW, there's a snowb
906.
by rprasad 15y ago
LTE vs GPS is like the difference between a Tsunami and a dripping faucet. The problem isn't the noise, it's the volume. The volume alone would overwhelm the GPS filters' ability to filter out the out-of-band noise.
907.
by rprasad 15y ago
Exactly. But Lightsquared is NOT an "existing license holder". Lightsquared purchased the neighboring spectrum within the past few years. At the time it purchased the spectrum, it knew that the spectrum was limited to low-power transmi
908.
by rprasad 15y ago
I believe their license includes the right to use terrestrial stations to fill in. They are under a conditional waiver not use a satellite at all. They are certainly using spectrum in a way not foreseen, but that is different from forbidde
909.
by rprasad 15y ago
In order to apply to options, 83(b) requires (among other things) that the options be readily valuable at the time they are issued. In FB's case, it is likely that the stock options could not be valued (i.e,. because they were not publicly
910.
by rprasad 15y ago
83(b) also applies to stock options. See Treas. Reg. 1.83-7. Given Zuckerberg's prodigious use of lawyers in the past (especially in regards to monkeying around with FB's stock), it is likely that the type of stock options at issue here did
911.
by rprasad 15y ago
>thanks to technology, movies can be made for tens of thousands. I was laughing until I realized you were serious. Of course it's possible to make a movie for a few thousand dollars. But most movies at that budget aren't worth watchin
912.
by rprasad 15y ago
As a lawyer, I would prefer to avoid your overly-long and complicated signing process and just ask for a faxed or scanned and emailed copy. Both are equally valid in court. Heck, an email confirmation by a party to the contract is now a va
913.
by rprasad 15y ago
Coca cola was bootstrapped out of a single drug store back in the 1880s. I think the TC author needs to get his facts straight.
914.
by rprasad 15y ago
IAAL. "At will" means there's no contractual agreement and an employee can be terminated for documented performance issues or for business reasons (i.e. layoffs) without it being treated as a breach of contract. That's not true at all.
915.
by rprasad 15y ago
Sweden's wealth is made possible by the relative abundance of natural resources for its size and population: it's population (~9 million) is just a bit larger than that of the San Francisco Bay Area, but it has a GDP of $443.718 billion (i
916.
by rprasad 15y ago
Also, it's not just the owners; employees acting as agents are typically protected by the corporate veil, That's not true at all. The corporate veil exists solely to protect investors' investment in a corporate entity. It does not exten
917.
by rprasad 15y ago
There are 3rd party services which can handle this for you, but I can't think of any of them off the top of my head. You can use the AWS api's to do your own self-monitoring and cut back or suspend services if you approach or hit your spend
918.
by rprasad 15y ago
It's not at all laughable that most engineers can't translate business or compliance requirements into engineering or UX requirements. It's a different language to them. It's like asking an American to translate Swahili into English. It'
919.
by rprasad 15y ago
Check out the 3rd Street Promenade in Santa Monica, CoLoft (14th Street in Santa Monica), Hulu (Olympic and Bundy?, Santa Monica), and Indie Desk (Downtown Los Angeles). If you have the time to fight traffic (or if you take the Gold Line m
920.
by rprasad 15y ago
The separation of ownership from control began with the East India Company, the first known corporate entity. In 1600, the Queen granted a Royal Charter to EIT for pursuing trade with India. Professional managers have existed just as long.
921.
by rprasad 15y ago
That's not true at all. It is subject to taxation if the cash is ever repatriated back to the U.S. That's not money laundering (which is the use of legal business activities to exchange illegaly earned income for legally earned income). It
922.
by rprasad 15y ago
That's called a charitable deduction, and it's already part of the tax code. Google isn't using the charitable deduction; it's simply using a loophole to avoid U.S taxation on income earned from non-US sources. Whether this is bad depends
923.
by rprasad 15y ago
It's subject to U.S. taxation only if Google ever decides to bring it back into the U.S. via a dividend. Alternatively, they can use that cash to fund foreign growth without ever facing US taxation. Postponing taxes for about 7 years is ro
924.
by rprasad 15y ago
>Any DVD purchaser can lend them, just as any book purchaser can lend them. This has been litigated. He means that the DVD wears out after 100 or so views, so Netflix must buy a new one. In other words, the DVD is not an infinite good.
925.
by rprasad 15y ago
You can always organize as an LLC and "check the box" (make an entity classification election) within 75 days to have the LLC treated as a corporation for tax purposes.
926.
by rprasad 15y ago
Because recording an increased basis price means that they need to sell the stock for a higher amount to realize a gain (i.e., a profit). Individual VCs (i.e., angels) would prefer that, b/c it means lower taxable income. However, VC firms
927.
by rprasad 15y ago
Neither. The proper way to book merger-and-acquisition-related legal fees (along with other non-recurring professional fees related to the transaction) is as part of the basis cost of aquiring the stock. This increased basis cost is not re
928.
by rprasad 15y ago
Your understanding of the Constitution is wrong. Permits at the federal level. Permits at the federal level involve access to federal lands or resources. These permits are voluntary, quid pro quo (i.e., pay for service/access) payments. I
929.
by rprasad 15y ago
I assume that it was his attempt to give himself the appearance of authority, because the lengthy rant sure as hell did not. The guy displays shockingly poor decision-making. Why would I (as a prospective customer) want to do business with
930.
by rprasad 15y ago
The facts are not copyrighted; the organization and choice of items is what is copyrighted (i.e., choosing to have entries for some major cities like Los Angeles or Rio de Janeiro, but not for others, like Detroit or Perth.)

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