Entity Type
Forming an Entity (LLC v. C-Corp)

Okay – it’s time to actually form the business. You’ve built your pitch deck, received feedback from naysayers, visited with your attorney, and worked out the structure with your co-founders. The next step is to incorporate your company so that […]


Corporate Governance
The Startup Visa – International Entrepreneur Rule

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.


Entity Type
B-Corps v. Public Benefit Corporations

One of the many inside jokes at Vela Wood is that Kevin is a Capitalist, while I’m a Socialist (bleeding heart and all). Kevin usually busts out some form of this joke at company gatherings when I’m showing pictures of my […]


Corporate Governance
The 50-50 Equity Split(Up)

My parents are starting a business together. See, my mom runs an organic, all natural beauty salon in Upstate New York. Part of the business that she has developed over the years is using henna as an eco-friendly alternative to […]


Corporate Governance
Succession Planning: A Critical Part Of Management & A Business’s Ongoing Success

“How much do you weigh?” There are some questions so personal and invasive social mores dictate that they should never be asked. Well, almost never asked. A colleague remarking about any extra poundage I was carrying as a result of […]


The Company Agreement Explained
The Company Agreement Explained: Confidential Information & Non-Competes

Most entrepreneurs and small business owners are familiar with confidentiality and non-compete agreements because, well, they want others to gain interest in their product or service, but they don’t want the recipient of the disclosed information to turn around and […]


The Company Agreement Explained
The Company Agreement Explained: Involuntary Transfers v. Voluntary Transfers

We often get asked by clients about what happens when members of LLCs die, get divorced, want to sell their interest to another member or third party, etc. All of these transfers fall into two categories: involuntary transfers and voluntary […]


Entity Type
Why Your Startup Should (Likely) Be A C-Corp

DE C Corps are great for some startups, but not all startups.


Texas Series LLCs
The Series LLC Conundrum

Series LLCs have proven to be a fantastic tool for Texas real estate investors, and for other business owners and investors. Countless persons have taken advantage of the ability to pay only a single filing fee with the Texas Secretary […]


The Company Agreement Explained
The Company Agreement Explained: Types Of Decisions Made By Managers & Members

In our previous blog post, The Company Agreement Explained: Manager and Member Meetings, we discussed the meeting requirements for managers and members pursuant to the TBOC and provided additional provisions that should be considered when adopting or amending an LLC […]