In the world of venture capital, one of the common methods for minimizing investor risk is liquidation preference. But what is it, and how does it work? Liquidation preference, a common tool included in a venture financing deal sheet, assures that, should the company be liquidated or sold, preferred shareholders will always get something back…

With many recent high school graduates preparing to go off to college, parents may begin to grow concerned about their children’s ability to take responsibility and go out on their own. Although most graduates are legal adults when they leave the house, many of them are not ready to take on the responsibilities that come with being an adult. Many students entering college will still rely on their parents for financial and emotional support and will continue to use their parents’ health care insurance for their medical needs.

NY Education Deptartment Proposes Special Education Amendments September, 2010 – In New York State, students with disabilities are protected not only by federal regulations such as the Individuals with Disabilities Education Improvement Act (“IDEA”) and Section 504 of the 1973 Rehabilitation Act (“Section 504”).  There are several state regulations that protect the rights of students…

Littman Krooks LLP founding partner Mitchell Littman will be among the experts speaking at Private Company Stock Conference 2010, to be held Sept. 27 at the Four Seasons – Silicon Valley in East Palo Alto, California. Mr. Littman will participate in a panel discussion concerning “Legal Considerations for Issuers: Protecting Private Company Exemptions,” scheduled to…

It is obviously important for companies to attract and retain top-level workers.  It is equally important to motivate and encourage them to strive for success. Offering equity incentive plans to high-level employees frequently accomplishes both tasks.  An equity incentive plan is a contract between the employee and the employer to provide an equity interest in…

Harriet P. Schleifer, Esq., of Littman Krooks LLP will speak on financial planning for a child with special needs and preparing for life after high school at the 2nd Annual Northeast Regional Epilepsy Group (NEREG) Conference on Epilepsy on October 2. The event is free of charge and will be held at Sheraton Crossroads in Mahwah, New Jersey. The Northeast Regional Epilepsy Group offers unique services and comprehensive care to both children and adults with any type of epilepsy. In order to register for the conference, call (201) 343-6676.

While financial and estate planning are important for every family, it is even more important for families who have children with special needs. It is important to prepare for your child’s financial future to help ensure a safe, secure, and independent life ahead. To prepare properly, you should take the following steps: Investigate your child’s…

Mitchell Littman to Speak at Silicon Valley Event September 16, 2010 – Littman Krooks LLP founding partner Mitchell Littman will be among the experts speaking at Private Company Stock Conference 2010, to be held Sept. 27 at the Four Seasons – Silicon Valley in East Palo Alto, California. Mr. Littman will participate in a panel…

Long-term care insurance provides coverage for care administered outside a hospital setting. Good policies provide payment for custodial care services, such as preparing meals, doing laundry, and shopping. While Medicaid requires that custodial care be provided in a nursing home, long-term care insurance generally covers custodial care in the insured’s home, an assisted living facility, a family member’s home, or a nursing home.

Special Purpose Acquisition Companies (SPACs) can offer a number of advantages to benefit mergers–from creating more liquidity to attracting new investors. A Special Purpose Acquisition Company or Corporation (SPAC) is a publicly-traded buyout company that raises money for the purposes of pursuing the acquisition of an existing company. SPACs can be an excellent vehicle for…