PLDO Law Blog

Securities Exchange Commission

SEC Adopts a New Definition of “Accredited Investor”

SEC Adopts a New Definition of “Accredited Investor”

On August 26, 2020, the Securities and Exchange Commission (the “SEC”) adopted amendments to the definition of “accredited investor.” The amendments permit investors to qualify as accredited investors based upon additional criteria focused on financial sophistication,...

THE BENEFIT OF PASS-THROUGH ENTITIES

Why do pass-through entities such as LLCs taxed as partnerships remain the entity of choice for most closely held businesses? The primary benefit of operating a business through a pass-through entity, such as an LLC taxed as a partnership, is that the income generated...

APPLE’S CONCERNING NEW TEXT MESSAGE FEATURE

Apple recently released iOS16 for the iPhone. This newest release allows iPhone users running iOS16 to edit and unsend text messages sent between other iOS16 users. While this may be welcome news for those of us who make embarrassing typos or otherwise hit the send...