Recent Publications - Stella Lellos


If You Sell Marijuana in Any Form, Uncle Sam Wants His Cut
March 11, 2021 | Tax | Cannabis
More and more states across the country are legalizing the sale of marijuana products for medical and/or recreational purposes, but marijuana remains effectively prohibited under federal law as a Schedule I controlled substance within the meaning of the federal Controlled Substances Act of 1970. There is, however, one important and practical exception to that prohibition: …
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Cannabis Investors and Producers Face Need for Due Diligence
September 1, 2020 | Cannabis
The cannabis industry is growing in leaps and bounds, but entrepreneurs interested in developing cannabis companies – as well as business people interested in investing in them – must make certain that they know what they are getting themselves into. That is where “due diligence,” including understanding how the bankruptcy law applies to cannabis companies, …
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Does the Material Adverse Change Clause Cover COVID-19?
March 20, 2020 | Corporate
In mergers and acquisitions, corporate finance and lending, a period of time often passes between signing the applicable transaction agreement and closing the transaction. During the period when the parties prepare for closing, they are subject to any number of risks that could delay or even prevent the transaction from happening. With the outbreak of …
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Is Coronavirus Covered by Your Contract’s Force Majeure Provisions?
March 18, 2020 | Commercial Litigation | Corporate
Part of the commitment to entering into a contract includes an agreement between parties to perform contractual obligations on a timely basis, with limited exceptions. Contracts frequently include a provision titled “force majeure,” which translates literally from French to mean “superior force.” Force majeure provisions, generally part of the boilerplate section of a contract and …
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Minding Your Business: Succession Planning for Business Owners
March 4, 2020 | Trusts & Estates | Corporate
Business owners are driven, focused, goal-oriented people, who have achieved success by keeping their eyes on the ball at all times. Running a successful business, however, goes beyond running a business day to day. It means having the ability to grow in strong markets, reacting to industry downturn, and most importantly, planning for unforeseen events, …
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Startup Term Sheets: Suggestions for Successful Negotiation
June 29, 2018 | Corporate
Stella Lellos published an article in VC-List entitled, “Startup Term Sheets: Suggestions for Successful Negotiation.” The article highlights the importance of a term sheet, describes some of its important terms and discusses the perspective of the venture capitalist who will lend money to an early-stage company. Click here to read the article. …
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A Cross-Border Perspective on Establishing a High-Growth Business
March 22, 2018 | Corporate
Stella Lellos co-wrote an article for USLAW Magazine entitled, “Small Business-Big Options: A Cross-Border Perspective on Establishing a High-Growth Business.” Click here to read the article. …
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