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Why repealing the shareholder wage lien law makes sense

Suppose youre a venture capitalist in San Francisco or Boston, and youre on the verge of investing big bucks in a promising high-tech firm in Wisconsin. Everything looks right: The management team is in place, the business plan is tight, and the technology is novel.

But then a lawyer steps into the room, clears her throat and asks if youve ever heard of Wi......

Full article >>> el for the state company is required by law to provide an opinion as to whether or not the investor could be personally liable for any obligations, and if the shares purchased will be owned free and clear. With Wisconsins shareholder wage lien law, the answer is no. Those shares are subject to a wage lien.

The bill repealing current law (Assembly Bill 1163) passed the Assembly, 60-38, an......

Full article >>> Journal in Madison.

The opinions expressed herein or statements made in the above column are solely those of the author, & do not necessarily reflect the views of Wisconsin Technology Network, LLC. (WTN). WTN, LLC accepts no legal liability or responsibility for any claims made or opinions expressed herein.
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Source:wistechnology.com By Tom Still 05/24/06


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