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Do I really owe Delaware $75,000??? Explaining Delaware Franchise Tax Calculations.
January 20, 2017  |  By Kevin Vela

Every year around January or February we receive frantic calls and emails from a handful of clients who are utterly shocked by the franchise bill they just received from Delaware. “How can I owe $75,075 in franchise taxes??? We don’t have that kind of cash; do I have to raise more money just to pay this bill? Does this happen every year??”
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Which insurance does my startup need?
January 18, 2017  |  By Kevin Vela

At some point in time, the topic of insurance will come up. Every startup and small business will need insurance, and for a mature business, an insurance guy is one of the four pillars of your business. We’re by no … Read More

The Four External Pillars of a Small Business
January 18, 2017  |  By Kevin Vela

Starting a business is hard work. There are lots of pitfalls to navigate, and some are impossible to avoid. But it’s not as hard to get help as you may think. Every small business (and this includes startups) should have … Read More

Three Things #1
December 22, 2016  |  By Vela Wood

Three Things is a podcast hosted by Vela Wood startup attorneys Kevin Vela and Aaron Terwey. They interview leaders in the startup and small business communities (founders, employees, investors, etc.) about three pieces of advice they would give to someone starting a business or launching a new endeavor. Read More

Securities Straight Talk Vol. 4: Why you Need to Consider Blue Sky Laws Before Conducting a Capital Raise
December 15, 2016  |  By Lindsey Altmeyer

Not taking securities laws into account prior to the start of your offering can create a dark cloud over your otherwise bright, sun-shiny raise. Read More

Securities Straight Talk Vol. 3: Keeping it Local—Changes to the Rule 147 Intrastate Offering Exemption
December 15, 2016  |  By Lindsey Altmeyer

The SEC, wishing to facilitate capital formation by smaller companies, amended Rule 147 and adopted Rule 147A to modernize the intrastate offering exemption. These changes have liberalized the Rule 147 safe harbor and expanded the exemptions available for local securities offerings. The amended Rule 147 and new Rule 147A are largely identical, except for a few distinct differences. Read More

Securities Straight Talk Vol. 2: Out With the Old (Rule 505), In With the New (Rule 504) 
December 15, 2016  |  By Lindsey Altmeyer

The SEC released its final ruling that amends Rule 504 and repeals Rule 505, altering Reg D as we know it. In a nutshell, the SEC has combined the best of Rule 504 (unlimited investors, no accredited investor requirement, no burdensome disclosures) with the best of Rule 505 (a $5,000,000 offering limit). Read More

Securities Straight Talk: Securities Laws Matter to Startups (Yes, Yours Too) 
December 15, 2016  |  By Lindsey Altmeyer

So, what exactly is a security, and how does it relate to my startup? In this blog series, we will provide the straight talk on federal and state securities laws to help you navigate the web of regulation. Read More

Business Judgment Rule: Having Poor Business Judgment Isn’t a Tort
November 22, 2016  |  By Rad Wood

The rationale behind the rule is to shield those individuals that owe fiduciary duties to a Company (directors, officers, executives) from fear of a lawsuit each time they make a decision that in hindsight might end up being bad for the company. Read More

From the DR to Dallas: What Arístides Learned at Vela Wood
November 10, 2016  |  By Aristides Rubio

Wow! I can’t believe it’s been five weeks already. Seems like it was just yesterday that I was meeting hundreds of new faces from all over the hemisphere at the Young Leaders of the Americas Initiative (YLAI) Opening Summit. It’s … Read More

Don’t Have Enough Authorized Shares? There’s a Fix for That.
October 19, 2016  |  By Kevin Vela

Last September, the Texas legislature ratified Subchapter R, giving Texas for-profit corporations a statutory device for ratifying what were once considered void or voidable corporate acts or issuances of company shares. The new legislation applies to well-established and newly formed … Read More

Learning from No
October 18, 2016  |  By Aaron Terwey

Hearing ‘no’ from an investor doesn’t end the conversation; it pivots the conversation. If you’ve ever embarked on a round of funding, even a simple friends and family round, chances are you’ve heard some form of “no” more than you’d like. Read More

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