Legal tools for community businesses and nonprofits.
Written by Geoffrey Gilbert, Sustainable Economies Law Center Intern What is the Investment Company Act of 1940? The Investment Company Act of 1940 regulates investment companies. It defines an “investment company” as any issuer which: “A) is or holds itself out as being engaged primarily, or proposes to engage primarily, in the business of investing, […]
In early 2015, the Oregon Department of Consumer and Business Services used its authority under Oregon Revised Statute Section 59.035(15) to establish the Oregon Intrastate Offering Exemption through the rulemaking process, which is commonly called the Community Public Offering (CPO). The CPO was the culmination of efforts of a team of people led by Amy […]
By Devin McDougall, SELC Volunteer Most nonprofit corporations are formed under the laws of their “home state,” that is, the state in which the incorporators reside or in which the nonprofit plans to conduct most of its operations. This is quite different from for-profit corporations, as more than 50% of publicly traded companies in the United […]
November 4, 2013 By Caroline Lee, SELC Legal Fellow The materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. You should contact your attorney to obtain advice with respect to any particular issue or problem. Many are excited for the latest Jumpstart Our Business […]
October 24, 2013 By Caroline Lee, SELC Community Enterprises Law Fellow The Securities and Exchange Commission (SEC) released the long-awaited Crowdfunding proposed regulations on October 23, 2013, over nine months after its deadline. The 585 pages of rules are open for public notice and comment for 90 days, and were supposed to come 270 days after the April 5, 2012 […]
September 5, 2013 By Devin McDougall Overview On August 1, 2013, Delaware’s new benefit corporation law came into effect,1 making Delaware the 19th state2 to authorize the formation of benefit corporations. Benefit corporations, as discussed in further detail here,3 are a special type of corporation that requires directors to consider the advancement of certain specified […]
The Community Enterprise Law project shares legal tools to help support community-owned economies. Our Community Law Library takes a broad look at laws on forming and financing community-based entities, as well as the legal issues surrounding employment, land, and housing. Our Enterprise Blog provides analysis of new laws and policies, as well as community enterprise case studies and nuggets of […]