rprasad

30 ms·

241.
by rprasad 14y ago
if you buy $10,000 of an individual's debt for $500 and then forgive the debt, they have just incurred income of $10,000 and are obligated to pay taxes on it exactly as if you had handed them $10,000 in cash for services rendered. It coul
242.
by rprasad 14y ago
They provide for "bursting" of shared resources as needed. If you are under your resource cap, you're fine. But if you're constantly needing bursts out of the shared resources, you need to move up to a higher-resource tier with more dedic
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by rprasad 14y ago
Founder stock is owned by the founder subject to repurchase right. A repurchase right is a legally different concept from vesting . Repurchase rights only apply to vested stock. Stock actually owned by a shareholder is vested stock. St
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by rprasad 14y ago
Putting vesting on an founder’s ownership means that the company has the right to repurchase part or all of a founder’s ownership should a founder choose to leave prior to a certain date. No, it doesn't. Unvested stock does not belong to
245.
by rprasad 14y ago
As I said: you must call them "samples". It is a good idea to have "Sample" as the first word in the title of these forms, i.e., "Sample Memorandum of Understanding." You must also stop saying that they are legally binding and valid. (They
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by rprasad 14y ago
Followup: to see examples of how this can be done, check out the Nolo line of books, especially the sample forms in the appendices. (Hint: use the word "sample" unsparingly.)
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by rprasad 14y ago
I hope you are not based in the U.S., because if you are, you are committing the unauthorized practice of law and face unlimited liability for malpractice arising from anyone's use of these documents. Also, in many states, the unauthorized
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by rprasad 14y ago
Lehrer chose to distort subjects that are easily objectively verifiable, i.e., what Bob Dylan said or did in a publicly broadcast TV series watched by thousands of hardcore Dylan fans. Climate change is verifiable, but not easily, and most
249.
by rprasad 14y ago
You can downvote all you like, but it is an accurate statement of the defamation law of Commonwealth nations such as Australia. Google would have handily won this case long before trial in the U.S. , but this case did not take place in the
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by rprasad 14y ago
This is to be expected. Defamation law works very differently in the Commonwealth than it does in the U.S. (or in most other legal systems). British and Irish newspapers have lost defamation cases even though their claims were proven true
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by rprasad 14y ago
Yes, generally see the NOLO line of cases.
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by rprasad 14y ago
Ayn Rand and Silicon Valley have very little in common, unless you are arguing that Silicon Valley has embraced unbridled greed. Indeed, open source, open anything is contrary to Randian ideals. Rand would embrace the RIAA and the MPAA
253.
by rprasad 14y ago
As "novel" merely refers to a long-form narrative which can either be fiction, non-fiction, or a mixture of both, a "fiction novel" is an appropriate term that properly characterizes the novel as wholly fiction. See, for example, Truman Cap
254.
by rprasad 14y ago
The Magna Carta was a founding document for principles of legal rights and property rights in common-law-based legal systems such as the U.S. Principles in the Magna Carta are still applied today in different forms. This is why American sc
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by rprasad 14y ago
The difference is that celebrities know that they will have to deal with paparazzi as part of being a voluntary and willing participant in the public spotlight. The random woman on the street does not voluntarily choose to have a picture of
256.
by rprasad 14y ago
Bitcoin transactions are taxable in both the U.S. and Europe, regardless of whether Bitcoin is a currency or asset. Not reporting Bitcoin transactions is income tax fraud. In the U.S., at least, that potentially means that the statute of l
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by rprasad 14y ago
As the game has not yet been released to customers, to retail, or to reviewers, anyone currently playing the release-version is probably using a pirated copy. Thus, they are probably using the blanket approach, excluding the accounts of kn
258.
by rprasad 14y ago
A well-made typewriter is currently worth more than most startups. Indeed, even a poorly made typewriter is probably more useful than all of the social networking, kickstarter, and faddish clones currently flooding SV; it will certainly pr
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by rprasad 14y ago
That's also called stability. It means that Paypal has been successful enough to still be around after 5 years.
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by rprasad 14y ago
For the tax code laws, see §195, 248, and 709. For the state and federal laws, I suggest using Lexis to look them up as i don't have the time to provide cites.
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by rprasad 14y ago
There is a legal definition: a newly formed business that has not begun its intended normal business activities. Legally, and in the tax code, a "startup" has various advantages that established businesses do not (i.e., for example, in som
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by rprasad 14y ago
Uh, no. Legally, a startup is simply any new business, whatever goals the business is trying to accomplish. The startup period is the period during which the business is setting itself up prior to begin its normal intended business operat
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by rprasad 14y ago
Technology is not a magical solution to all of the world's problems. Some hard things are hard because they require social or economic activity at absolutely massive scales. EDIT: Followup. Since its creation in 2002, the International Cr
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by rprasad 14y ago
> But of course the leagues aren't going to pay attention to indie developers until they are genuine threats. The NFL and MLB have very litigious IP counsel, who are kept on retainer and paid very generous amounts of money solely to
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by rprasad 14y ago
I would agree with you, but for several, very crucial facts: 1) The use of logos without permission. Some of these leagues do not allow the use of their logos in connection with betting. That alone suggests they did not put much researc
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by rprasad 14y ago
I'm really surprised as well, as several of those leagues do not allow sportsbooks to use their logos, especially the MLB, which has had several betting scandals in the past. The NFL also do not grant license requests to use its logo to spo
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by rprasad 14y ago
Aereo is not a regulatory hack, at least not in the context that the other companies are regulatory hacks. It is a business model designed according to what courts have said is legitimate commercial activity involving visual media. It's n
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by rprasad 14y ago
There is no way that banning someone from a single website is more effective than putting them in jail or prison (depending on the state). For that to work, all of the psuedocab/ride-sharing services would have to work together to blacklis
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by rprasad 14y ago
A startup, legally, is a business that is starting up. There is no requirement to actually incorporate or form a company as long as the intent to start a business is present. The startup period is generally defined as a business's first y
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by rprasad 14y ago
They can, but ruling on an appeal without issuing an opinion is not only considered bad jurisprudence, it has no precedential effect and thus does not create binding law on the lower court. Consequently, it is rarely done. Moreover, in mos

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