RECENT LEGAL DEVELOPMENTS
Welcome to our Recent Legal Developments page, where we highlight timely changes in law, regulation, and enforcement that impact entrepreneurs and growing businesses. This page curates key developments in corporate governance, securities, tax, intellectual property, employment, and transactional law, with clear summaries to help founders and business leaders understand what has changed and how it may affect strategic decisions. Whether you are preparing for fundraising, navigating compliance obligations, or planning for growth and exit, these updates are intended to keep you informed of the evolving legal landscape.
The new online 83(b) system allows 4 decimal places and 99M+ shares, but barriers persist for:
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Authentication via ID.me (ID.me sign-up page)
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Large grants exceeding the updated cap
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Complex cases (partnerships, multi-tier ownership)
Solution: Paper filing + certified mail with return receipt to ensure 30-day deadline compliance.
Update on 83(b) Election Filing Process-When You Still Need to Use Paper:
How Clients Should NOT Use AI
We (and all of the other corporate lawyers we know) have recently had several clients send us contracts for review that they put together using ChatGPT or other AI tools. This can be helpful in terms of providing the terms being considered and the issues that are most important to the clients. However, it is significantly more cost effective for AllRise to start with the precedent we have developed over years and years of practice. Our forms have been vetted by our lawyers and other professionals such as CPAs, and improved over time to further protect against issues that we have seen arise in the course of our clients’ businesses and that reflect new case law as it develops. We promise that we will take your AI generated drafts into account, but please understand that they are usually not anywhere near final enough for us to provide a quick review and sign off.