Charlottesville Startup Lawyers
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Legal Services Offered by Our On-Demand Charlottesville Startup Attorneys
On UpCounsel, you can find and connect with top-rated Charlottesville startup attorneys & lawyers that provide a range of startup law services for startups and entrepreneurs that are starting a business. Any of the top-rated Charlottesville startup lawyers you connect with will be available to help with a variety of your startup law related legal needs on-demand or on an ongoing basis in the city of Charlottesville, VA.
From primarily dealing with things like business formation, contracts, leases, equity financing, securities, and intellectual property protection, the Charlottesville startup lawyers on UpCounsel can help you with a variety of specialized and general startup law related legal matters. No matter what type of startup law needs you have, you can easily hire an experienced Charlottesville startup lawyer on UpCounsel to help you today.
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- 4 min read
Indemnification: What is it?
Indemnification means one party agrees to pay losses incurred by another to a third party.
For example, if you were a business owner selling Widget XYZ as an original design to a retailer, and your contract with the retailer contains an indemnity clause, you, rather than the retailer, would be responsible to pay the retailer’s legal costs and expenses if the retailer is sued by a third party who claims Widget XYZ is a copy of their product.
In most cases, the requirement to indemnify must be contained in a written contract between the parties. However, in some states parties may be required to pay for the losses of another in certain limited circumstances.
- 5 min read
Reverse Vesting: What Is It?
Reverse vesting occurs when a company's co-founder receives their shares and ownership interest upfront. This exchange is subject to vesting similar to employee stock options. If the co-founder leaves, the company may repurchase a set amount of those shares.
What Is a Restricted Stock Purchase Agreement?
When a company wants to initiate a repurchase of the co-founder's stock, it uses a process called a restricted stock purchase agreement. It's a specific term that reflects the type of stock, a restricted class, and the type of contract.
The purchase agreement is the agreement between the co-founder and the company that the latter party can buy back the stock. The transaction isn't guaranteed. They're simply holding the right to do it if the situation arises.
The business keeps the restricte
- 4 min read
What is Pre-money vs Post-money Valuation?
The difference between a Pre-money vs. post-money valuation is that they are the values of a company before and after an investment. They are the two words most commonly used when talking to venture capitalists.
How to Figure Out Pre-money and Post-money Valuation
Pre-money valuation is the value that is placed on a company before the investment. The number is most often determined after an investor makes an offer. It is one of the most important factors for a venture capitalist when he or she is considering investing.
Pre-money = Post-money - New Investment
Post-money valuation is the worth of the company after the investment has been made. The investor offer that the makes determines this value.
Post-money = Pre-money + New Investment
If the pre-money value unknown, you can use the following equation:
- 2 min read
CrowdFunding: What Is It?
Crowdfunding involves a lot of people investing a small amount of money to start a project. This is typically seen over the internet, but can also be done in other ways. Asking strangers for money may seem awkward, but it doesn't have to be. There are a lot of excellent crowdfunding sites that people trust. By using one of those sites and having a great project, you have a higher chance of getting people to help you.
Equity crowdfunding has been a newer option available under the Jumpstart Our Jobs (JOBS) Act.
What Are the Types of CrowdFunding?
- 2 min read
Par Value: What is it?
If you trade securities, you've come across the term par value.
Par value usually refers to the value of a bond when it's issued. Say a bond is issued at $90, then trades to $100. The par value is still $90, even though the bond's value on the market increased. Par value can also show the value of a stock at the moment the company created its founding document, the company charter.
Par can also refer to two currencies that have the same value. For example, if the Euro was equal to one dollar, the Euro would be "at par" with the dollar. While this is an acceptable meaning of par, the phrase "par value" is used in relation to securities and not currencies.
Why is Par Value Important?
Bonds change price daily. The p