VW Blog Articles by Vela Wood

Before you form an LLC, you should determine the management structure of your LLC. In Texas, there are two options: member-managed or manager-managed. Before we delve into the difference between the two, let’s back up a bit and first discuss […]

Having different classes of members is just like having different classes of stock in a corporation. Oftentimes, it’s a good idea to set out classes of members when you want members to have different rights or duties. Situations where setting […]

I recently had a meeting with a client who wanted to make sure his initial investment in an Limited Liability Company was well documented by the LLC. One way to document the initial investment is in the LLC’s Company Agreement. […]

Clients regularly ask, “Why do I need a Company Agreement if I have a Certificate of Formation?” To answer the question directly: the difference lies in the purpose of the two documents. Certificate of Formation The Certificate of Formation (also […]

Some of the most common questions we get from our startup and small business clients are: What is a registered agent? What do they do? Why do I need one? Hopefully, this brief blog will help answer some of those […]

Note, the advice below is entity type agnostic. Member Agreements, Company Agreements, and Founder Agreements are included in the context of partners agreements.  Founder disputes are unavoidable – and the more founders, the higher the likelihood for disagreements. Every startup will […]

A question that we frequently get from our Series LLC clients is, “How do I name my Texas Series LLC?” This is really two questions in one – as the parent and cells within the series will each have different […]

Copyrights, Patents, and Trademarks – oh my! Intellectual property (and we’re not talking about a smart piece of real estate) consists of copyrights, trademarks, and patents. There is a lot of confusion as to the application and distinction of each. […]

Choosing the right type of entity for your startup is very important and something you should likely discuss with an attorney. There are four general entity types to choose from, each with its own particular advantages and disadvantages. Sole Proprietorships […]

Just what is a DBA? A DBA (Doing Business As) is an official filing you make with either the local or statewide government offices for registering the name under which you will be conducting business. In Texas, we generally refer […]