MintzTech Connect: All Things Technology — June 2024

By Daniel I. DeWolf, Samuel Asher Effron

Dear Readers,

It is summer on the East Coast, kids are out of school, and the fun begins! We hope everyone finds some time to do something different and interesting this summer to recharge their batteries.

We have some excellent content in this edition of MintzTech Connect. We lead off with a summary of the FTC’s new rules relating to post-employment non-competition provisions. While it is unclear if such FTC rules will survive various legal challenges, it is crystal clear that the trend across the country is to limit or eliminate most post-employment non-competition restrictions. The second article is about qualified small business stock (QSBS) and the issues that may arise when converting a company from an LLC into a corporation. The article, which was recently published in The Practical Lawyer, contains important and helpful information for anyone converting an early stage company from an LLC to a corporation and how this conversion may impact tax treatment for QSBS. Our client spotlight is on a company called Radicle Science, which is focused on wellness and AI-powered technologies. Radicle Science was recently named a KPMG Top 10 “Tech Innovator”!

Lastly, we are including a video clip from our recent co-sponsored event with the Sustainable Media Center, which featured a discussion between Jonathan Haidt, author of The Anxious Generation, and well-known podcaster and professor Scott Galloway. The topic discussed is incredibly important and on the minds of parents across the country: how do we mitigate the harm to children and teens from social media and their unfettered access to smartphones?

Be sure to visit our website for emerging companies @ mintzedge.com.

We thank you for your continuing support.

Be safe + be well,   
Dan + Sam

CONTENTS

// In Split Vote, FTC Approves Controversial Final Rule Banning Most Post-Employment Non-Competes; Rule Already Subject to Challenge in Court

// The Qualified Small Business Stock Issues Affecting Conversion of an LLC Into a Corporation, as published in The Practical Lawyer

// Industry News: Spotlight on Radicle Science

// Event Highlight: The Sustainable Media Center

// MintzTech Connect Team

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    MintzTech Connect: All Things Technology — March 2024

    March 20, 2024| Article|

    Authors

    Daniel I. DeWolf

    Member / Chair, Technology Practice; Co-chair, Venture Capital & Emerging Companies Practice

    Daniel I. DeWolf is an authority on growth companies and serves as Chair of Mintz's Technology Practice Group and Co-chair of the firm’s Venture Capital & Emerging Companies Practice. He has worked on pioneering online capital-raising methods. He also teaches venture capital law at NYU Law School.

    Samuel Asher Effron

    Member / Co-chair, Venture Capital & Emerging Companies Practice

    Samuel Asher Effron assists Mintz clients with venture capital and private equity transactions, helping start-ups with legal and business matters. He has clients in a variety of technology sectors, including video gaming, music, virtual and augmented reality, and consumer electronics.