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Category Archives: Business Law

Those Are Corporate Assets – You Can’t Seize Those to Pay My Personal Debt – Or Can You? – Piercing the Corporate Veil in Reverse

By Susan J. King, Esq. Traditionally, corporations and limited liability companies are treated as legal entities that are separate from their officers and equity holders, and the debts of the company are not debts of the owner and vice versa. The courts have, however, held owners personally liable for debts of the entity where the… Read More »

Equity Crowdfunding: It is Finally Available for Small Capital Raises

By Susan J. King, Esq. The long awaited rules from the U.S. Securities and Exchange Commission on equity crowdfunding for small businesses finally took effect on May 16, 2016. Most non-public U.S. companies can use the new rules to raise up to $1 million in a 12 month period. The amount that any single investor… Read More »

Avoiding and Challenging a Default Judgment in Virginia

By Kristen L. Loesch, Esq. If you learn that a default judgment has been entered against you or your business as a defendant in a lawsuit, it is important to seek legal advice immediately. How quickly you act can have a tremendous impact on your ability to overcome a default judgment. How to Avoid a… Read More »

Putting Some Basic Agreements in Place at the Beginning Can Be Key to a Successful Business

Entrepreneurs face many challenges when starting a new business.  Taking the time to put to structure the relationships between the founders, and to document key relationships with partners, contractors and employees are items that always seem to be on the “to do” list.  However devoting the time and resources to take care of these tasks… Read More »

SEC Adopts Rules Disqualifying “Bad Actors” from Participating in All Rule 506 Offerings and Allowing Advertising of Private Placement Offerings

SEC ADOPTS RULES DISQUALIFYING “BAD ACTORS” FROM PARTICIPATING IN ALL RULE 506 OFFERINGS AND ALLOWING ADVERTISING OF PRIVATE PLACEMENT OFFERINGS. On July 11, 2013, the SEC released long awaited rules that permit advertising of some private placement transactions.  The SEC also adopted rules that prohibit “bad actors” from participating in private placements exempt under Rule… Read More »

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