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Showing 3 posts from November 2015.

Remedying Past Employee/Independent Contract Misclassification Through IRS’s Voluntary Settlement Program

voluntary settlement programEmployee or independent contractor? It’s a legal distinction that has significant implication for both workers and employers. Take ride-sharing service Uber, for example. It’s now defending a class action lawsuit filed by its drivers who claim they are misclassified as independent contractors. Should plaintiffs be successful, they may be entitled to damages including reimbursement for expenses they incur, such as gas and vehicle maintenance. Read More ›

Categories: Employment, Tax

YouTube Will Pay Content Creators’ Legal Fees in Defense Of Fair Use

fair useTech continues to test the elasticity of the law and use case precedent as its own disruptor. The Google Goliath, YouTube, is moving forward to pay several video content creators’ legal fees in copyright infringement disputes that use the defense of fair use.

A copyright is an expression of an original idea through words, music, pictures, computer programs, or any other method conveying ideas as works of authorship. The copyright is governed by federal law and is, unlike many of our laws, explicitly identified in the U.S. Constitution. A copyright gives authors the exclusive control of their works of authorship, including derivative rights. An author controls whether or not the copyright – work of authorship - may be used or displayed.

There is, currently, one minor exception: fair use. Read More ›

Categories: Copyright, Intellectual Property

SEC Finalizes Long-Awaited Title III Crowdfunding Rules

title iii crowdfunding rulesThe long awaited SEC Title III crowdfunding final rules have arrived.

The new rules will open the equity crowdfunding gates to non-accredited investors. Non-accredited investors include individuals: (A) with a net worth less than $1 million, or (B) who have an annual gross income of less than $200,000 (or $300,000 together with their spouse). In other words, businesses will now be permitted to utilize crowdfunding to raise capital by selling their securities to “everyday folks.”

Below are some of the key highlights from the new rules. Read More ›

Categories: Crowdfunding, Venture Capital/Funding