Category Archives: Uncategorized

Welcome back to the Carney Law Privacy team’s blog on all things privacy-related.  This post follows up on the steps needed to update Standard Contractual Clauses.  As you have likely heard, in response to the Schrems II decision invalidating the Privacy Shield and to reflect Europe’s General Data Protection Regulation (GDPR), on June 4, 2021, the European Commission released the updated Standard Contractual Clauses (SCCs).   As a reminder, theContinue reading “GDPR Update – Step 3: Time to Update your Standard Contractual Clauses!”

Welcome back to Shhhh…(a Privacy Blog).   Lots have happened in the privacy world in the past few months, and we thought we’d catch our readers up on the biggest headlines.  Updated Standard Contractual Clauses The first part of Step 2 involves taking the country list from Step 1 and determining whether the European Commission hasContinue reading “Catching up on Privacy News!”

Readers of our first post, GDPR update in this series, have already worked through Step 1: Transfer Mapping.  Part of that step was determining what countries you’re exporting data to.  Now, we move onto step 2: Transfer Tools.  Truth be told, Step 2 is really two parts.  So, go grab your country list from your transfer mappingContinue reading “The GDPR Update – Step 2 for Updating Your SCCs”

Last week the European Commission announced that the Standard Contractual Clauses (the “SCCs”) are being updated.  These changes primarily apply to entities exporting data out of the European Economic Area.  Starting in 2021, whether you’re a controller or a processor (or both!), you’ll need to make certain your SCCs and your data export policies are compliant with theContinue reading “GDPR Update – The Standard Contractual Clauses Are Getting a Makeover”

You have an idea for a new startup. One of your first google searches will probably be about how/where to incorporate your business. There’s some good advice out there and some bad advice out there. In the interest of cutting through the noise, here’s the advice we typically give our clients. Welcome to Delaware IfContinue reading “Where Should I Incorporate My Startup?”

Most entrepreneurs don’t know of a simple way to avoid millions of dollars in capital gains tax. Section 1202 of the Internal Revenue Code grants non-corporate taxpayers a tax break of up to $10,000,000 in capital gains on “qualified small business stock” that the taxpayer holds for more than five years. This is a hugeContinue reading “How To Avoid Millions of Dollars In Capital Gains Tax By Using The Qualified Small Business Stock Exclusion”

Starting your company is an exciting time.  The temptation will be to sign all your legal documents as fast as possible so that you can get up and running.  We highly suggest you avoid that temptation and take the time to thoroughly review and, if appropriate, negotiate your documents.  With that in mind, in thisContinue reading “How To Read Your Founder Documents”

This post will cover the best way for your company to obtain a 409a valuation, the reason why, and when your company needs to obtain one.  If you’ve ever started a company, you know and are probably sick of dealing with the terms “fair market value” (FMV) and “409a”.  There is already tons of educationalContinue reading “How to Obtain a 409a Valuation For Your Company And When To Do It”

How should you pick a trademark? You’re at the beginning of the trademark selection process.  You want a trademark that grabs your customers’ attention while being legally enforceable.  Your graphic designer is busily cranking out possible brand names for you, but you’re not sure which of these options will survive legal scrutiny.  So, how shouldContinue reading “How Should You Pick a Trademark?”

Your product is ready to launch.  You’ve selected the perfect name for it.  At least, you think you have, until the cease and desist letter hits your inbox, at which you start to wonder whether your Trademark is actually YOUR Trademark. This is a common enough story and one we never want to have happenedContinue reading “Is Your Trademark YOUR Trademark?”