State College Startup Lawyers
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Legal Services Offered by Our On-Demand State College Startup Attorneys
On UpCounsel, you can find and connect with top-rated State College 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 State College 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 State College, PA.
From primarily dealing with things like business formation, contracts, leases, equity financing, securities, and intellectual property protection, the State College 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 State College startup lawyer on UpCounsel to help you today.
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- 5 min read
What is a Special Purpose Vehicle?
A special purpose vehicle (SPV) is a subsidiary of a company which is protected from the parent company's financial risk. It is a legal entity created for a limited business acquisition or transaction, or it can be used as a funding structure. It is sometimes called a special purpose entity (SPE).
An SPV has assets, liabilities, and a legal status outside of the obligations of the parent company. The primary purpose of an SPV is to carry out a specific business activity outside of the parent company, therein protecting the parent company from risks such as bankruptcy and insolvency issues.
Why is a Special Purpose Vehicle Important?
SPVs are formed as limited partnerships, trusts, corporations, or limited liability companies. They adopt the legal protections of the particular business entity. An SPV is created for independent ownership, management, and funding of a company.
An SPV, for examp
It takes money to turn a great idea into a great product, but “money doesn’t grow on trees” and you may not have thousands of dollars just waiting to be spent. So how do you turn your dream into a reality? Here are some of the best options.
Self-Funding / Bootstrapping
Many entrepreneurs start with some level of self-funding (also known as bootstrapping) and, in fact, future investors likely will want to see that you have some “skin in the game”. Even if you can only put in a little money, it is worth considering the benefits. For example, you don't have to worry about keeping investors happy. You also can keep more profits to yourself. Many founders also hold off on taking a salary, consider tapping into the 401(k) retirement account, and/or have a side job to help make ends meet while they get their business up and running.
You also can use your
- 4 min read
What Is an Acceleration Clause?
An acceleration clause (also called an acceleration covenant) is a provision, often written into loan agreements and promissory notes, that gives the lender, under certain circumstances, the right to require the borrower to pay off the entire loan amount immediately. Acceleration clauses are most commonly found in mortgage contracts and real estate loans. In the case of a mortgage, the acceleration clause is often triggered when the borrower (mortgagor) fails repeatedly make his payments on time.
Acceleration Clauses and Startups
- 9 min read
What Is Rule 144?
Rule 144 is the most common exemption that allows the resale of unregistered securities in the public stock market, which is otherwise illegal in the U.S. The regulation gives a specific set of conditions that a shareholder must meet in order to sell unregistered, "restricted," or "controlled" securities in the public marketplace.
For a shareholder to sell securities (such as stock, bonds, equities) on the public stock market, the securities and sale need to be registered with the U.S. Securities and Exchange Commission (SEC). Securities that are not registered or that are labeled as "restricted" or "controlled" generally cannot be sold or resold on the public market. However, there are several exemptions for the resale of restricted securities, and
- 11 min read
Form S-3: What is it?
Form S-3 is a simplified securities and exchange form that registers securities for companies. In order to use Form S-3, certain criteria must be met. Form S-3 can be used by a company that qualifies, in order to register securities under the Securities Act of 1933, instead of using the original Form S-1.
S-3 registration gives investors the right to demand that a company registers their shares using Form S-3. Form S-3 is a shorter registration form than Form S-1, which is used in an initial stock launch or IPO. Form S-3 can be used by a company one year after an IPO.
In order to use Form S-3 for securities, your company must meet certain requirements:
- The company is organized within the United States, a territory of the U.S., or the District of Columbia, and has its main busines