Month: September 2016

When You Use a Bomb to Swat a Fly: A Response to the Proposal to Ban SAFEs in Crowdfunding

This article originally appeared on CrowdfundInsider This article is a response to the draft paper referenced in the article entitled “Crowdfunding and the Not-So-Safe SAFE” authored by Joseph M. Green and John F. Coyle. There are many so words to describe my thoughts about the paper: patronizing, impractical, misguided—but mostly, unfortunate. One might attribute the recommendations of …

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Why “Special Purpose Entities” Are So Special

This article was originally published at CrowdfundInsider.com As securities attorneys, we’ve been getting a fair amount of questions lately on special purposes entities (SPEs), also known as special purpose vehicles (SPVs). What are they? What do they do? Should I choose an SPE over an LLC? (That last one is my favorite). First, to nip …

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