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Archive for the ‘small business’ Category

‘S Wonderful, ‘S Marvelous, ‘S Unreasonable

One of the reasons to choose an S-Corp instead of an LLC is tax savings.  An S-corp does not pay any taxes at the corporate level, but instead all income is passed through to the shareholders, who are responsible for a number of taxes on both salary and dividends (return on investment).

 

The JOBS Act: Crowdfunding 1 – Introduction

Many small-to-medium sized businesses urgently need equity capital but, because of legal restrictions and the expense of raising private venture capital, these firms often give up on traditional methods of capital raising.  With great expectations, there was a change introduced in the new “Jumpstart Our Business Startups Act of 2012” (the “JOBS Act“) in April [...]

 

Legislature Slips in a Bitter Pill

Retailers in Virginia who collect sales tax realized just a few weeks ago that, as of today, July 1, all sales tax submissions to the Virginia Department of Taxation would have to be online. Whoops. RichmondBizSense.com covered the news this morning and the leading organization for retailers, the Virginia Retail Merchants Association, identified the issue [...]

 

Do It Yourself Contracts – Who’s in Charge?

In previous posts we’ve dealt with “boilerplate” clauses such as waiver, jurisdiction and venue, and integration. Today we will talk about two related clauses: the “assignment” clause and the “binding effect” clause.

 

Do It Yourself Contracts – What’s a Waiver?

We’ve been talking the past few posts about boilerplate language in contracts. This standardized language that falls towards the end of almost all contract documents might seem to be excessive and pointless, especially when you’re trying to do the writing yourself.

 

Equity Concepts and Client Service

One of our good business clients, Equity Concepts, based in Henrico, VA, is  celebrating their 20th anniversary. Sands Anderson’s Tom Ebel, recently spent some time talking with Michael Thaler, president of Equity Concepts, about their success and our relationship.

 

Do It Yourself Contracts – What’s the Risk?

In the last post we talked about boilerplate clauses, specifically, the “integration clause.” There are lots of other boilerplate sections that might seem to just be boring and unnecessary text, something you might drop if you didn’t know why they exist. Let’s look at two more. Example one is the jurisdiction and choice of law clause. [...]

 

Virginia – Top State for Business for 2011

  Virginia has topped the charts as the number one state in the nation for doing business according to CNBC.  When it awarded Virginia first place this year, CNBC remarked:  “we are starting to detect a pattern here.”  This is the second time that Virginia has run away with the award for top state for [...]

 

Grand Rapids’ Answer to a Bleak Economic Outlook: Viral Video

Guest post by Erin McNeill  NPR recently did a story about Grand Rapids, Michigan’s inspiring response to a Newsweek article listing Grand Rapids as one of America’s “dying cities” with a “bleak” economic outlook. Many small and medium business owners can empathize with what the people of Grand Rapids felt in the face of such [...]

 

The Fine Line Between Trademark Policing and Bullying

The trademark geeks lawyers at Sands Anderson have been debating how far a company should go to “police” its trademarks.  Entrepreneur Media  (publisher of Entrepreneur magazine and owner of Entrepreneur.com) got us thinking about it:  in attempts to protect its Entrepreneur brand, it sent cease and desist letters to EntrepreneurOlogy.com for workshops, EntrepreneurPR, a firm [...]