In the excitement of the “idea” phase of a startup’s life, it is easy for its founders to forget that the company’s only real asset at that time is its intellectual property (“IP”). If the founders are able to decide on an appropriate split of...
The excitement of a startup often clouds founders thinking. They are amped up to go into business with friends, or at least with people they think they can be successful with in the future. If the founders are able to decide on an appropriate split of...
The typical founder team starts an entrepreneurial venture with limited resources—meaning their own resources. They run a race to get customers to buy their product before the company runs out of cash. They may get an SBA loan, they may get some money from an...
In a 2016 article for the Harvard Business Review, former General Electric general counsel Ben W. Heineman, Jr. wrote, “The CFO-GC alliance has always been important because the finance function and the legal function are truly the nervous system of the corporation—sending critical signals to...
We are seeing a trend with Virginia localities proposing or enacting solar moratoriums to allow for the updating or creation of solar-specific solar ordinances, including the newly enacted revenue share ordinance.[1] These are important developments that those in the solar power industry should be aware...
https://youtu.be/5_aAHtBS2Ew We’re grateful to my friend and colleague Abby Johnson, executive director of the Virginia PACE Authority, for her expert summary of the opportunities for commercial financing assistance through this new program enabled under state law and available in some localities, with more on the way....
Click here to register for our Tuesdays 10@10. https://youtu.be/nlZfYlFNFPE C-PACE stands for Commercial Property Assessed Clean Energy, an innovative and attractive form of commercial real estate financing now available in Virginia, which can be utilized by property owners to implement energy efficiency and resiliency improvements. Andy Brownstein’s...
There have been a number of recent developments regarding C-PACE (Commercial Property Assessed Clean Energy) lending program in Virginia since our last post on this subject on March 2. First, the previously discussed bill authorizing the development of a statewide program ordinance and administrator to...
Limited Liability Companies (LLC’s) are functional and flexible forms of ownership for operating companies as well as investment vehicles. As common as LLC’s are today, we ought to remember that relative to other forms of legal entities, LLC’s are still very new. It was only...
Lost in the excitement and debate about the Virginia Clean Energy Act (we talked about it here), a number of other clean energy and energy efficiency bills have been winding their way through the General Assembly. One bill in particular that has flown under the...