Colorado’s new trust code takes effect January 1, 2019 and is generally bad for trust creators. The bad news is that Colorado’s new law further devalues privacy and protection. The good news is that the law is generally a “default” law and many of the less desirable provisions can be avoided with careful planning. The better news is that the trust can be completely avoided with proactive planning under a better jurisdiction’s laws. Read on.
Here’s a list of some of the better crypto and blockchain resources I’ve come across.
Wyoming law creates a framework to define consumptive, or utility, tokens in a way that distinguishes them from non-utility security tokens. The law provides guidance for in-state blockchain developers who seek to create a non-security utility token, and it provides a clear working model for other states (and potentially the SEC) to follow.
Business owners must understand the difference between the legal form of their business and the choices they have with tax elections. The first of this multi-part series discusses those differences.