Author Archives: Brian Bouggy

Crypto-Currency: Do Bankers Dream of Electric Money?

Crypto-currencies.  Bitcoin.  Litecoin. Dogecoin.  All Crypto-currencies.  Compelling.  Disruptive.  Confusing.  Safe?  Legal?  There are lots of questions about crypto-currencies—especially Bitcoin, which is in the headlines a lot lately.  I am going to explore crypto-currencies in a series of posts.  Hopefully, we can all gain a little understanding of the mysterious meta-money!

SEC Issues Proposal on Equity-based Crowdfunding

Entrepreneurs may soon be able to reach a new pool of potential investors through crowdfunding websites. On October 23, 2013, the SEC issued proposed rules under the Jumpstart Our Business Startups Act (the “JOBS Act”) to permit the offering and sale of securities through crowdfunding. (http://www.sec.gov/rules/proposed/2013/33-9470.pdf). Crowdfunding, an evolving method of raising funds online, has helped generate financial support for a wide range of projects through sites like Kickstarter (www.kickstarter.com). But so far, the securities laws have limited crowdfunding to a donation-based model.

Letters of Intent and Covenants to Negotiate in Good Faith

Letters of intent (“LOI”) play an important role in the negotiation of many private transactions. An LOI documents an agreement in principle on key terms of a deal. It can evidence parties’ serious intent and provide the framework for a definitive agreement, but is usually “non-binding” – it does not legally require the parties to finalize the deal on any certain terms or even at all.

New Office Opens

We have finally moved into our newly renovated office at Parkwood Plaza, 500 East 96th Street, Suite 100, Indianapolis, Indiana 46240. The office location, design, and technology are specifically designed to serve our clients in an evolving business and legal landscape.