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How the Federal Reserve Influences Interest Rates
Briefly, the process involves buying and selling US government securities by the Federal Reserve. When it purchases the securities, it adds money to the system, and when it sells them, it drains money from the system. All banks maintain a portfolio of US government securities, for both earnings and liquidity purposes. The FOMC has delegated […]
Continue ReadingWhat is the difference between an LLC and a Corporation from an organizational perspective (non-tax)?
Blockchain: From Bitcoin to Delaware Stock Transfer
Blockchain, also known as distributed ledger technology (“DLT”), has numerous applications outside of Bitcoin. New applications for DLT are popping up daily, with one of the most ambitious crypto-ledger projects, Ethereum, attempting to apply it to “smart contracts.” This contract would simply be verified if each party satisfied its side of the contract. The technology […]
Continue ReadingPurman Finishes 10th at Pre-Olympic Qualifier
Although I tried to remain focused on my races, feeling less than 100% caused me to race drastically off pace and underperform during one of the most important competitions in my life. I ended up finishing in the middle of the pack, 10th overall, within a field of very competitive rowers from all parts of […]
Continue ReadingWyoming Supreme Court Makes Piercing Single Member LLC Veil More Difficult
(c) for purposes of imposing liability on any member or manager of a limited liability company for the debts, obligations or other liabilities of the company, a court shall consider only the following factors no one (1) of which, except fraud, is sufficient to impose liability: (i) Fraud; (ii) Inadequate capitalization; […]
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