General Business
Corporate Transparency Act Q&A

We answer some FAQs about the Corporate Transparency Act, which requires most businesses to file a Beneficial Ownership Information report to report certain information regarding the business, its beneficial owners, and company applicants.


General Business
SEC Final Rules: Is it the end of an era for ERAs?

The SEC adopted final rules executing certain regulations, including heightened restrictions and disclosure requirements, for investment advisers, whether registered or not. 


Funding & Capital Raising
Understanding Authorized, Issued and Reserved Shares

In this blog we explore the difference between a corporation’s authorized, issued and reserved shares and some corporate governance considerations to keep in mind as shares, options, and warrants are being issued to founders, service providers, and investors.


General Business
Mistakes that Take the Cake

Corporate attorneys tend to see recurring mistakes that businesses make, and the large impact they can have. This article summarizes four common errors we see at Vela Wood, in the hopes that you (the reader) can avoid them. State Annual […]


General Business
Understanding Basic Contracts: Liability Limitations

We are back with our Understanding Basic Contracts series with a post about the often seen, but little understood, “Liability” or “Liability Limitation” Section. The liability limitation section, much like the indemnification clause, is all about allocating risk and monetary […]


General Business
What’s In a Name: A Primer on Types of Agreements

This is a brief primer regarding the typical names and usages of different types of product and service agreements, particularly in the technology space, so you have a better understanding of what types of agreements you might need for your startup’s services and products; and what to expect from someone else.


Funding & Capital Raising
Negative Covenants in Lending Transactions

In corporate loan agreements, negative covenants are restrictions and prohibitions that are designed to preserve the credit of the borrower as it was when the lender initially made its underwriting decision.


General Business
Loan Agreement Considerations in the COVID-19 Environment

During this unprecedented time, most corporate borrowers are facing a significant decline in revenue and liquidity resulting from the impact of the COVID-19 pandemic. In light of this, borrowers and lenders must consider multiple issues under their loan agreements. Borrowers […]


General Business
Home is Wherever I’m with You: How COVID-19 Relief Affects Homeowners, Renters, and Residential Landlords

“How do you shelter in place without a roof over your head?” Millions of Americans impacted by layoffs, furlough, and the economic downturn caused by COVID-19 are asking themselves this question as rent and mortgage payments loom near. Thanks to […]


General Business
CARES Act: Paycheck Protection Program and EIDL Loan Program

In order to address the challenges faced by small businesses, self-employed individuals, and independent contractors, the CARES Act expands existing loan programs and creates additional loan programs offered through the Small Business Administration (or SBA).