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Archive for the ‘Uncategorized’ Category

Small Business Jobs Act

With the media frenzy and political back and forth over the extension of the Bush Tax Cuts, you might have missed the 2010 Small Business Jobs Act (SBJA), signed into law on September 27, 2010. This new law includes a broad spectrum of tax relief designed to stimulate business investment and spending. The hope is [...]

 

Supreme Court Decides Business Process Patent Case

A few weeks ago in this blog we alerted you to Bilski v. Kappos, 561 U. S. ____ (2010) because the case had the potential to be important in that the Supreme Court might consider the question of whether or not business methods qualified as “process patents,” — those patents filed to protect processes rather [...]

 

Are Business Methods Patentable? The Supreme Court Weighs In.

Venture and IT professionals are familiar with Bilski v. Kappos, in which the Patent & Trademark Office denied a business-method patent for a method of hedging risk through commodities trading. A patent application was filed in 1997 by Bernard Bilski and Rand Warsaw, which was rejected by the US Patent & Trademark Office on the [...]

 

HIRE Act — The New Hiring Incentives

This article by John Vandenhoff, a tax specialist at Sands Anderson, describes some of the incentives for businesses that hire new employees under the Hiring Incentives to Restore Employment Act of 2010 (“HIRE”). We’ll have more on this important new law in some of our follow-on posts. David

 

Sands Anderson Moves Up

Sands Anderson has a new address — 1111 East Main St. on the top 2 floors of the Bank of America Building in Richmond Virginia for those of you who need to contact us our phone numbers and e-mails remain the same. Read the article in the Richmond Times Dispatch (link below) and find out [...]

 

New Health Care Law — Tax Impact

New Healthcare Law — Tax Impact According to reporting by Bloomberg’s Ryan J. Donmoyer (www.bloomberg.com) if the final version of the healthcare legislation passes the Senate, high-income investors will pay higher Medicare taxes, tax breaks for out-of-pocket medical deductions, such as flexible spending accounts, will be limited, and it will cost insurance companies more to [...]

 

Point 2 on How To Pursue Venture Capital

In our prior post, we introduced our Ten Points When Seeking Venture Capital and covered the first, Be realistic. Point 2. Be persistent – very persistent. The venture capital business model assumes founders will face many obstacles as their businesses grow. This is one reason why the valuations they place on early-stage companies are so [...]

 

CANCELLATION OF DEBT — Traps for the Unwary

John M. Vandenhoff, Esq. In today’s economic environment, businesses are looking to modify and re-structure debt to pull through until the economy turns around. Rather than allowing so many loans to go bad, lenders are working with debtors to re-structure loans in a manner that allows the debtor to stay in business. For example, a [...]

 

Billable Hour RIP

Please check out my guest column in RichmondBizSense today, Friday, September 25, 2009. In a nutshell, I explain (1) why I think billable hours are a poor way to price legal services, (2) what needs to be done about it, and (3) why it’s important to Richmond. I throw in a little historical background to [...]

 

Listen, do you want to know a secret?

Do you promise not to tell, Whoa . oh oh Closer, let me whisper in your ear…. (Lennon/McCartney)* A recent article in the Virginia Gazette tells the story of a local technology company that is suing its former employees for $3.5 million for the theft of trade secrets. Many business owners are unaware that in [...]