Posts by Philip Krause
Press Release: Krause Law Mediation Services
KANSAS CITY, MO—Krause Law LLC today announces the launch of mediation services offered by its founding member Philip N. Krause. Krause is deep into his fourth decade of practicing law in the Kansas City metropolitan area, focusing primarily on corporate, securities, real estate and business law matters. In his law practice Krause has negotiated and…
Read MoreCrowdfunding is Here! Part 4
WEEK 4 OVERVIEW & ANALYSIS Equity crowdfunding represents unchartered waters for the SEC, and it’s still not clear whether it provides a comprehensive solution to capital access. As such, the SEC has agreed to submit a report within three years detailing the impact of the equity crowdfunding regulation on capital formation and investor protection. The report will review the…
Read MoreCrowdfunding is Here! Part 3
WEEK 3 PLATFORMS The SEC has made it clear: it is very concerned with investor protection. We see that in the crowdfunding regulations when we examine the new “online intermediary platform” requirement. Specifically, the new regulations require that equity crowdfunding transactions take place through an online intermediary platform (broker-dealer or funding portal) that has been registered…
Read MoreCrowdfunding is Here! Part 2
WEEK 2 ISSUERS Under the crowdfunded exemption, a company issuing securities is required to disclose certain information. This disclosure, which is included in the offering documents, consists of information about the officers, directors, and anyone who owns 20% or more of the company. Disclosures about the directors and the officers must cover the past three…
Read MoreCrowdfunding is here! Part 1
WEEK 1 INVESTORS Finally, it has arrived! After three long years the wait is over, and equity crowdfunding is just around the corner. The new crowdfunding regulations have been released and they become effective on May 16, 2016. Those seeking to participate in this novelty form of fundraising now have guidance. There are three parts…
Read MoreDTSA Changes Employers’ Contract Language
Defend Trade Secret Act Changes Employers’ Contract Language If you are an employer, hopefully you already knew that the Defend Trade Secrets Act (“DTSA”) became effective on May 11th, 2016. The DTSA provides federal law protection for trade secrets in addition to the protection that already exists at the state level under the Uniform Trade…
Read MoreHeidelberg Castle: An Eleventh Century Model
For a brief period in the winter of 1962 – 1963, my family lived in the small village of Ziegelhausen, Germany, in the hills across the Neckar River from the Heidelberg Castle. We had a grand view of the amazing castle as we went about our ordinary daily activities, to and from church, school and…
Read MoreREAL CHAMPION-PROFESSIONAL
Nearly everyone knows the story of cyclist Lance Armstrong—multiple times Tour de France champion, cancer survivor, founder of the Livestrong Foundation. Doper & cheater & liar & all-around-bully. But there are other champions we really should know. I’m fortunate to know professional cyclist Brad Huff. This week, riding for the Rally Cycling professional cycling racing…
Read MoreGIVING THANKS FOR A GREAT FIRST YEAR
This has been a terrific year for Krause Law LLC! About a year ago, with encouragement from some really good people, I began to transition from a long-time solo law practice as “Philip N. Krause P.C.” to launching a new law firm under the name “Krause Law LLC.” This was much more than simply a…
Read MoreAnd Finally . . . SEC Adopts New Crowdfunding Regulation
After a wait of some three and a half years after the JOBS Act was adopted in April 2012, the U.S. Securities and Exchange Commission has at last adopted Crowdfunding Regulations to permit startup companies to raise new equity funding through crowdfunding. The new regulations are lengthy (some 686 pages) and complex, and provide both…
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