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 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 [...]

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 [...]

In my reading online, I came across a great list of points for improving business plans and applications to banks when your company is seeking funding. The original comes from Vitaly Michka of Concord Capital www.concordcapitalonline.com) and you should look the site over, it’s got some useful information. I have added a few thoughts of [...]

I have watched the venture capital market place for over 25 years. I’ve represented venture funds in the formation process, and in their investment activities. I have represented companies that received venture capital, and many that did not. I also started a company that raised $10 million in angel money and professional venture capital. The [...]

From time-to-time, articles by our colleagues who practice other types of law that may not directly affect business and transactions, have information on topics that are so important and timely for all of our readers that we post them here. The comments below from Bruce L.  Mertens, an experienced trust and estate attorney at Sands Anderson Marks & [...]

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 [...]

Four of our firm’s lawyers located in Montgomery County and serving clients throughout the southwest Virginia area have moved into the First Bank & Trust Building on Peppers Ferry Road in Christiansburg. The new address is 150 Peppers Ferry Rd NE¸ Christiansburg, and the phone numbers are (540) 260-9011 (main); (540) 260-0022 (fax); and (800) [...]

This Kind of Corporate Benefit Your Employees Don’t Welcome. Stock Grants and Phantom Income You own a small and very successful private company. You know that you would never have become so successful without the dedication and hard work of your trusted key managers. You have one particularly valuable manager who you would like to [...]

The perils of DIY drafting. Remember the classic Monty Python skit? Eric Praline (John Cleese) walks into the Post Office to get a fish license for his pet halibut (also named Eric) and gets into an argument with the man behind the counter (Eric Idle). Here is an excerpt*: Praline (pulling out his “cat license” [...]