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Why We’re Sending a First-Year Attorney to Portugal
March 3, 2017  |  By Kevin Vela

We feel strongly that employees can be productive remotely and that travel will actually motivate and develop them, and make them better employees. Rad and I are calling this Desk Independence™, and we believe it’s the next big thing. Read More

Strange Clouds: Does Medical Marijuana Affect Employers’ Drug Policies?
February 13, 2017  |  By Nic O'Brien

If you are an employer who wants to maintain a zero-tolerance policy, the Coats decision and the California legislation may have been just what the doctor ordered (pun intended). These precedents appear to indicate that the trend is to leave drug use and drug testing policies to employers, not the states. Read More

The Startup Visa – International Entrepreneur Rule
February 6, 2017  |  By Caroline R. Fabacher

The International Entrepreneur Rule applies to foreign entrepreneurs looking to build their company in the U.S. and American startups looking to bring a key foreign cofounder stateside. Read More

Texas Lawmakers Tackle the Issue of Fantasy Sports Contests with New Bill
February 2, 2017  |  By Caroline R. Fabacher

Texas is having quite the week for sports. And I’m not just talking about the upcoming Super Bowl in Houston on Sunday. Yesterday, on February 1, Texas Rep. Richard Peña Raymond introduced HB 1457, a regulatory bill that seeks to … Read More

Getting to “No.”
January 30, 2017  |  By Kevin Vela

One of the biggest frustrations we hear from our clients about the capital raise process is that VCs are non-responsive or unwilling to make a firm investment decision. To help with this, I reached out to several VCs whom we see on a regular basis to ask for their input. Read More

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??”
Read More

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

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