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Regulatory news and changes

Related founder FAQs

Is founder decision advisory a licensed profession?

Not as one universally defined US occupational category; specific conduct may nevertheless be regulated. Securities, law, investment advice and other activities should be independently classified. Broker-Dealers — US SEC

Is the FTC national noncompete ban in force?

No. The FTC says its noncompete rule is not in effect and is not enforceable; state rules remain material. Noncompete Rule — Federal Trade Commission

Must my US-incorporated startup file BOI with FinCEN?

Current FinCEN guidance exempts entities created in the United States from the CTA BOI reporting requirement. Foreign-created entities registered to do business in the US need separate assessment. Beneficial Ownership Information Reporting — FinCEN

Can an unregistered adviser get a success fee for securing investors?

The SEC identifies transaction-based compensation and investor-finding as broker-dealer risk indicators. Have securities counsel review the actual activities and registration position before agreeing to such fees. Broker-Dealers — US SEC

Does an NDA make a founder coach legally privileged?

No general attorney-client privilege arises merely from an NDA with a coach. Contractual confidentiality may still be important, subject to legal exceptions and applicable law.

Has click-to-cancel been fully implemented across the US?

Do not assume so: the FTC records the vacatur of the 2024 overhaul and a March 2026 rulemaking request. State laws and contractual rules need separate checking. Negative Option Rule — FTC

Is NIST AI RMF a mandatory certification?

No, NIST describes the AI RMF as voluntary guidance. Use it as a practical risk checklist alongside actual contractual and legal requirements. NIST Generative AI Profile, AI RMF

Sources cited on this page

  1. Broker-Dealers — US SEC ↗www.sec.gov
  2. Noncompete Rule — Federal Trade Commission ↗www.ftc.gov
  3. Beneficial Ownership Information Reporting — FinCEN ↗www.fincen.gov
  4. Negative Option Rule — FTC ↗www.ftc.gov
  5. NIST Generative AI Profile, AI RMF ↗www.nist.gov
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