What Is an EIN and How Do You Get One?
When you start a business, you will presumably be offering some sort of product or service in exchange for money. This is about as far as this discussion can go without bringing up the Internal Revenue Service (IRS). Whether you are making money or losing it, the IRS wants to know about it and the most efficient way for them to track your financial activities is through a special number designated solely to you and your business.
Proposed CCPA Regulations- What Changed?
On October 10, the California Attorney General released proposed regulations for the California Consumer Privacy Act (CCPA). While the proposed regulations do not address all areas of concern or ambiguity that privacy lawyers might have, such as how various exemptions to the law will operate, the regulations go into great detail on consumer rights requests, child consent, and the process for opting out of the sale of personal information.
What Privacy Laws Could Apply to Small Businesses in Colorado?
The most frequently-asked question I encounter as a privacy law practitioner in Colorado is: What privacy laws could apply to my small business?
FTC's COPPA Request Implies Increased Burden for General Audience Websites
On July 19, the FTC announced that it is considering an update to the Children’s Online Privacy Protection Act (COPPA) and seeking public comments. What does this mean for businesses collecting data from children online?
UK Information Commissioner’s Office Report Increases AdTech’s GDPR Obligations
The UK Information Commissioner’s Office fired a shot across the bow of AdTech companies subject to the GDPR in its June 20, 2019 report on AdTech and Real-Time Bidding (RTB). The industry has thus far tried to stay low-profile while complying with privacy laws, but the ICO’s report makes clear that regulators are looking more closely at the highly-technical space.
Buying a U.S. Business for E-2 Visa Purposes
While there are many reasons a non-U.S. citizen or resident alien may wish to purchase a company in the United States, a potential E-2 visa application is a common one.
Why We Won’t See a Federal Privacy Law Before 2020
There is no shortage of proposed privacy legislation at the Federal level (see the chart below), but nothing is moving from committee. Why?
CCPA Compliance Prep for Small & Medium-Sized Businesses
The California Consumer Privacy Act (CCPA) takes effect in a little over six months, and similar to the GDPR, it has many businesses wondering how difficult compliance will be. However unlike the GDPR, the CCPA is not yet a fully-fleshed out law.
The Privacy Bill of Rights Act: GDPR for the U.S.?
Last year, the EU enacted the GDPR, an expansive data privacy regulation, which dramatically impacted businesses worldwide. Recently, on April 12, 2019, Senator Edward Markey (D-MA) introduced the latest in a string of federal privacy laws, entitled the “Privacy Bill of Rights” Act
Reading Security Contracts 101
If your company is considering a contract with a third-party vendor that needs to secure your data (and most do), ask yourself: if this vendor gets hacked and the client gets sued, what happens?
Operating Agreement Must-Haves
Clients often ask me about setting up a ‘simple’ multi-member LLC. Some multi-member LLCs may function just fine with simple operating agreements, but the typical multi-member Operating Agreement is complex.