Thinking of starting a corporation? This checklist gives you several issues to think about as you launch your new entity. A corporation exists because a state grants the entity a charter to exist following the filing of Articles of Incorporation (or in the case of Delaware a Certificate of Incorporation). For example, the Virginia Code…
Deciding to raise private capital for your business initiates a process that, if successful, will conclude when the company makes several specific representations about its existing capital structure. To get ready for capital raise, consider these important questions about your existing ownership: Is there a stock or membership interest ledger? Have certificates of ownership…
The recent release by the Securities and Exchange Commission of the rules enacting the JOBS Act has finally made crowdfunding a reality for American small business. And soon, anyone can invest in a start-up. Prior to this action by the Commission, investments were limited to investors who met certain income and net worth conditions -…
____ days later crowdfunding is almost here! In case you missed it . . . . a few weeks ago the Securities and Exchange Commission finally adopted final rules to enable companies to offer and sell securities using crowdfunding. The JOBS Act (which was signed into law April 5, 2012) created a federal exemption under…
In case you’re thinking about buying a business — start with a letter of intent. Most business transactions start with a conversation. The parties discuss the deal, the terms, and perhaps the price. Then, they write it down. Whether the buyer or the seller, a letter of intent plays a fundamental role in structuring…
If you are getting ready to execute a confidentiality agreement (“CDA,” “NDA,” or nondisclosure agreement), several important issues require your attention. If you are a small company preparing to execute a “big company” agreement, you may little ability to alter the agreement, so you simply need to under the terms and make a business decision…
We are excited to announce Card Isle as our spotlighted client for the November/December 2015 issue of the New River Valley Magazine. Congratulations Card Isle on all your recent successes and promising future! Our Disclaimer. As a law firm, we have to be careful that we do not inadvertently create an attorney-client relationship. So,…
The recent news from the Virginia Tech Board of Visitors proved two facts: Change to a university policy is slow and Dr. Tim Sands (Virginia Tech’s President) is persistent. Virginia Tech President: Dr. Timothy Sands Recognizing the need to enable students to generate ideas and launch start-up businesses, Dr. Sands…
You’ve made the tough decision: you are selling the business. Now comes the hard part: how? Get your business ready From the moment you decide to sell your business, achieving the highest value for your business possible is your primary mission. Your preparation, before you try to sell your business, can go a long way…
