California Consumer Privacy Act

The following is for reference purposes only and should not be relied upon by anyone to be complete, accurate.  For official statutes, consult the Colorado Legislature. CALIFORNIA CIVIL CODE – CIV …
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Memo to Nonprofit Founders: Charitable Solicitation Requirements in Colorado

THE COLORADO CHARITABLE SOLICITATIONS ACT: WHAT YOU NEED TO KNOW TO:                 Nonprofit founders and executive directorsFROM:          Foundry Legal, LLC    DATE:             October 2019We prepared this memo …
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Colorado Charitable Solicitation Requirement – Selected Statutes

TITLE 6. CONSUMER AND COMMERCIAL AFFAIRS CHARITABLE SOLICITATIONS ARTICLE 16. COLORADO CHARITABLE SOLICITATIONS ACT 6-16-104. Charitable organizations – initial registration – annual filing – fees (1) Every charitable organization, except …
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Memo to Active Startup Founder about Equity Splits and Governance

MEMO RE CORPORATE GOVERNANCE You’ve asked us to prepare a memo covering some key corporate governance issues pertaining to startup companies. “Governance” is the term we’ll use to describe the …
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Security Clearance Revocation

Having a security clearance challenged or revoked can be one of the most harrowing experiences for a defense sector employee or contractor. We can assist with challenging adverse clearance determinations …
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SEC warns investors about celebrity endorsements of token offerings

Late in 2017, the SEC’s Division of Enforcement (DOE) and its Office of Compliance Inspections and Examinations (OCIE) issued a joint statement warning would-be investors of initial token offerings (ICOs) …
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Becoming a Public Benefit Corporation

So you’ve heard about public benefit corporations (“PBCs”) and you’re wondering how you might go about converting your entity into one. Fortunately for you, it’s not very complicated and this …
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What is a PBC, anyway?

In recent years a relatively new legal entity has begun gaining some attention, in law nerd circles and otherwise.  Some household-name companies have made the switch, including Kickstarter PBC and …
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All about starting a 501(c)(3) organization

Starting a 501(c)(3), or any type of Section 501(c) organization, is a big step and carries with it lots of responsibilities. But with the right legal advisor and firm grasp …
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2019 Colorado Cannabis Legislation: The Details

13 of 15 proposed cannabis bills passed the Colorado Legislature this session. Here’s what you need to know: The bills that passed: SB19-013 – Medical Marijuana Condition Opiates Prescribed For …
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Google’s $57 Million GDPR Goof

Last week, France’s National Data Protection Commission (“CNIL”), imposed a $57 million fine against Google LLC for violations of the EU’s General Data Protection Regulation (“GDPR”). With regard to onboarding new Android …
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CO Securities Commissioner issues Foundry Legal client first opinion that digital asset would not be a security

The Department of Regulatory Agencies Division of Securities opined on Tuesday, February 26 in an interpretive opinion that a digital asset to be developed by a Colorado aerospace technology company …
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