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
LLC Series Part 1 – The Chameleon: Legal Form vs. Tax Classification
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.
Is she an “I/C” or an Employee?
In recent years the U.S. Department of Labor (DOL) has taken a more critical look at independent contractor relationships to determine if some of those relationships should be reclassified as...
A Little Different?
Jonathan and I have been friends for many years. We’ve worked together, grown companies together, and we’ve ridden bicycles across France, South Africa, and much of the United States together. In...