The Tax Burden on Small and Emerging Businesses: More than Dollars

Nobody likes paying taxes.  It is a financial burden on individuals as well as companies. Our policymakers often don’t realize (or choose to ignore), however, that among the biggest burdens associated with taxes isn’t even the tax bill (the dollars to be paid) – it is the heavy administrative toll relating to tax analysis, planning [...]

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POSTED IN Tax

2013 Spike in M&A Activity: A Harbinger of Good Things to Come or the Return of Irrational Exuberance?

Following a prolonged several year dearth in M&A activity, especially those involving the so-called “mega-mergers,” there has been an apparent explosion of mergers and acquisitions so far in 2013.  In fact, some of America’s most well known companies currently are involved in multi-billion dollar deals.  Just last week, merger “love” was in the air.  On [...]

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POSTED IN Mergers & Acquisitions

Immigration Increases Entrepreneurial Activity and Innovation in the U.S., But the Immigrants Are Leaving

Many in the U.S. recognize that we truly are a nation of immigrants, but few understand the extent to which the U.S. economy has long been fueled by talent that comes here from abroad.  Immigrants are increasingly the driving force behind innovation, research and development and are far more likely to start companies.  Unfortunately, however, [...]

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POSTED IN Government

Early Stage Company Seed Venture Funding Skyrockets, But Dark Clouds May Loom Large

New York’s economy is rapidly transitioning from one based largely on the financial services sector to one that is becoming far more heavily reliant on technology, new media, and other entrepreneurial startups.  New York-area entrepreneurs have been replacing yuppie investment bankers as the heroes of the economy.  In the past two years alone, venture funding [...]

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POSTED IN Capital Markets, Emerging Growth Companies

The Collateral Damage From the Facebook IPO Fiasco

The Facebook IPO fiasco already is the subject of innumerable articles, blogs, tweets, and analyses.  Virtually all of the discussion centers, however, on the obvious:  Facebook (the issuer), Morgan Stanley (the lead underwriter), Nasdaq (the security exchange) and the investors who saw immediate decline in value. Take a step back and we see that the [...]

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POSTED IN Capital Markets, Emerging Growth Companies, Public Offerings, Securities Regulation

Metro NY/NJ Tops the US for New Tech Jobs Created

In yet another example of the growing importance of the technology sector to the metropolitan area, March 2012 marks thirteen consecutive months in which New York City and the surrounding area posted the largest volume of new technology jobs created throughout the United States. The increased focus on technology throughout media and communications companies, combined [...]

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POSTED IN Emerging Growth Companies

FACEBOOK IPO – Astounding Anticipated Valuation Based Largely on Size of User Base

The much anticipated Facebook IPO is nearly upon us.  After months of speculation, Facebook finally filed a registration statement on February 1st that will, if and when declared effective by the SEC, allow Facebook to undertake its initial public offering of its common stock.   The company, eight years old and the world’s largest social network, [...]

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POSTED IN Capital Markets

Federal Tax Exclusion for Gains on Sales of Stock of Qualified Small Businesses Is Popular Element of the Economic Stimulus Plan

In a rare example of bipartisan cooperation, Congress created a 100% exclusion from federal tax liability for gains on sales of qualified small business stock (“QSBS”), provided that the stock was acquired between September 23, 2010 and December 31, 2010.  This long overdue display of positive government action, rather than gridlock, was partly motivated by [...]

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POSTED IN Emerging Growth Companies

New York – The Next Silicon Valley?

In my previous post, I wrote that statistics show that New York currently is the second largest market in the US for venture-capital financing transactions. Proverbial front-runner, California, continues to lead the nation, but New York has now surpassed Massachusetts, long the number two state, as the destination-of-choice for venture capital investment dollars. This is [...]

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POSTED IN Capital Markets, Emerging Growth Companies

Groupon’s IPO: Much Anticipated Success or Future Failure?

Groupon, which sells discount coupons for local businesses and then takes a cut of the proceeds for brokering deals, is going public. To be sure, the market is huge and booming – rapidly growing into a multibillion-dollar industry.   But, is Groupon the likely winner in an industry characterized by intense competition from the likes of [...]

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POSTED IN Securities Regulation

- Fordham Corporate Center