Public Policy July 19, 2022 - ACA CEO Pat Gouhin, alongside Clay Rankin, Chris McCannell and Blair Hancock of GrayRobinson, P.A. were in DC this week on behalf of angel investors to conduct a series of meetings with legislators, regulators and government officials to set the stage for important priorities for the investor and entrepreneurial community. Tags:  By: Chris McCannell, Senior Government Affairs Consultant at GrayRobinson
Tags: By: Pat Gouhin, Chief Executive Officer As new developments unfold regarding President Biden's proposed tax increases, the Angel Capital Association, in collaboration with our partners at GrayRobinson, pledges to keep our members updated with information as it becomes available. ACA, along with our Public Policy team, is working diligently to continue to protect our members and angels in the startup ecosystem. By: Pat Gouhin, Chief Executive Officer After a tireless effort ultimately met with success, Louisiana angel investors are able to celebrate new opportunities for the early-stage ecosystem! On August 20, 2021, Louisiana Angel Investor Tax Credit program rule changes made by Louisiana Economic Development went into effect. This tax credit is now available for investments that are in the form of convertible or subordinate debt. The significant change enhances the availability of capital for Louisiana-based companies. By: Pat Gouhin, Chief Executive Officer The Small Business Administration has proposed changes to the COVID-19 Economic Injury Disaster Loan (EIDL) that may provide opportunities and ways to leverage the program for portfolio companies who are looking for capital. Tags:  John Guy, Manager, Emerging Companies Section Policy at Biotechnology Innovation Organization Five years ago today, the Protecting Americans from Tax Hikes (PATH) Act was signed into law. This important piece of legislation included several provisions helpful to start ups like small biotechs, including permanently extending both the R&D Credit and the Small Business Stock Gains Exclusion (Tax Code Section 1202), providing both investors and the companies they invest in security without worry of losing access to the critical incentive in the future. Tags:  By: Dror Futter, Legal and Business Adviser to Startups, Venture Capital Firms and Technology Companies The SEC announced a series of amendments (likely to be effective early next year) to the rules governing private offering exemptions – by far the most frequent path for venture fundraising. The amendments retain the same “menu” of exemptions but make incremental improvements. For the early stage community, the amendments include a very useful provision that excludes “Demo Days” from being considered general solicitations provided certain conditions are met.  By: Robert Weber, Managing Partner of Great North Ventures, an Upper Midwest Venture Fund Angel investors and advisors, have you checked in with your tax advisor lately? If not, may I suggest a good reason to do that would be to discuss Section 1202 of the U.S. Tax Code. Tags: By: Pat Gouhin, Chief Executive Officer The Angel Capital Association’s continued advocacy toward harmonizing and simplifying the existing framework to improve capital raising pathways and expand investment opportunities has yielded successful results for U.S. investors. By: Pat Gouhin, Chief Executive Officer After ACA’s multi-pronged, multi-year advocacy for amendment to the “accredited investor” definition, we are pleased to report we’ve met with success. The Securities and Exchange Commission announced yesterday that the definition of an “accredited investor” has preserved the existing income thresholds and has been expanded to provide more access to private equity by allowing investors to qualify based upon new criteria. |
