Selling Your Company With Cash in the Bank? U.S. Federal Income Tax Considerations for Structuring Pre-Closing Payments To Target Shareholders

By: Raj Tanden and Marina Choundas Are you preparing to sell your company with cash in the bank? A common construct for valuation is on a cash-free and debt-free basis, such that seller can recover the cash in a pre-closing purchase price adjustment. A common scenario in the sale of a target corporation with excess […]
Action in venture capital is focused on early stage and AI business

We have talked a lot about valuations over the past few months, as many startups have seen their valuations drop due to a myriad of issues on a global scale. Pitchbook has released its 2022 US VC Valuations Report, and the findings are illuminating (if unsurprising) based on all the trends we saw emerge, particularly in […]
Foley Represents NEA as Lead Investor in Flox $16.5M Series A Round

Foley & Lardner LLP recently represented New Enterprise Associates, Inc. (NEA) as the lead investor in the $16.5 million Series A round for Flox, a DevOps startup that is making it easier for developers to use Nix and that platform’s vast repository of curated packages. Nix is an open-source tool for creating reproducible builds and […]