• Pierce / McCoy
  • Pierce / McCoy
  • Pierce / McCoy
Our Services
The Team
Our Philosophy
  • / Start-Up and Business Matters+

    We advise start-up and emerging companies at every stage of their development ranging from initial formation, growth financing to their exit event. We aim to help our clients make the best use of their limited resources. With our dedication to keeping costs low while delivering high quality legal services, we are able to supply effective services our client’s need at a cost that represents true value. Our team handles a multitude of corporate matters ranging from intellectual property development, corporate governance to structuring capital and acquisitions.

  • / Transactional Opportunitites+

    We believe no two deals are alike, which is why we listen to our client’s goals and identify their needs. Our team focuses on making sure the fine print accomplishes our client’s objectives and addresses the deal’s major points of risk and opportunity.

    We focus on providing legal counsel for our clients in order to address every day transactional matters involving corporate governance, Federal and state securities regulations, and creditor issues. We have extensive experience in various complex business transactions involving corporate restructuring, recapitalizations, stock and asset acquisitions, joint ventures, and like-kind exchanges.

  • / Tax+

    We advise clients on the tax implications of a wide range of transactions. With an acute focus we help our clients comply with IRS guidelines, and defend tax collection we represent Individuals and companies in various tax matters. We provide tax advice on all aspects of business operations for clients of all types and sizes.

  • / Nonprofits & Foundations+

    We understand what makes nonprofits and tax-exempt foundations different. As avid participants in the tax-exempt community, we have an in-depth understanding of the needs of our nonprofit clients. We advise our nonprofit clients in all matters involving tax exemption applications, legal audits, joint venture capital projects, and continuing corporate governance to ensure the stability and success of your vision.
    We also have experience in Social Enterprise law and navigating new and evolving legal opportunities for our mission-driven clients who seek to accomplish both social impact and profitability.

  • / Intellectual Property+

    Our intellectual property practice is centered on strategies for scalable start-ups and growth companies. This ranges from pre-formation structuring, ownership assessment, assignments and protection strategies intended to keep the Company’s IP protected. Our attorneys also counsel on negotiating and drafting licenses and alliance agreements while handling a wide variety of matters that relate to the creation, use, licensing and transfer of technology.

  • / Civil Litigation and Dispute Resolution+

    We act in a wide range of business disputes in the courts and other types of alternative dispute resolution arising out of commercial transactions, mergers and acquisitions, investor disputes, director and officer liability claims and business breakups.

  • / The Big Idea+

    Pierce / McCoy is changing the legal industry. We believe business owners and entrepreneurs shouldn’t pay a huge invoice for thousands of dollars with open-ended fees. To help our clients budget their legal fees, we provide a 6-month representation retainer, which allows clients to purchase an annual invoice credit necessary to address their legal needs by paying a fixed, monthly payment. Of course, Pierce / McCoy allows clients to engage our firm’s services on the traditional pay-as-you-go method and are ready to discuss both models with you today.

    For many of our clients, we act as part of their team in an “outsourced general counsel” role focused on long-term client relationship and business viability. Whether you need Pierce / McCoy to help with a single transaction or ongoing representation and counsel, its our desire to provide cost effective service offerings that other firms don't currently offer.

  • / Focused Practice+

    Pierce / McCoy attorneys practice exclusively in the field of business and tax law. We dedicate our firm’s knowledge and resources to guiding our clients’ through the numerous bodies of law implicated by their business objectives and hurdles. Check out some of the legal opportunities and challenges we capture and solve for our clients under Our Services.

  • / Community Investment+

    Pierce / McCoy is excited to invest into the start-up business community by providing pro-bono corporate legal services to new businesses growing their ventures with Hatch Accelerator, a Southeastern Virginia accelerator program, and i.Lab Incubator, a university-wide initiative that creates a nexus point for entrepreneurship and innovation education at the University of Virginia.

  • Launch / Grow / Protect

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    Today in #legalfashion2/3/16+

    Details are important to us at PIERCE / MCCOY. Come into our office and you will notice this about how each of our attorneys practice law and conduct themselves.


    New Virginia Capital Raising Law Using Crowdfunding8/20/15+


    While we still have to wait on the U.S. Securities and Exchange Commission to complete the equity crowdfunding regulations for interstate crowdfunding under the JOBS Act, the Commonwealth of Virginia State Corporation Commission has published new regulations affecting intrastate (solely within Virginia) crowdfunding in Virginia effective in July of 2015.

    Traditionally, a company raising equity can be subject to strict registration requirements under the Virginia Securities Act. The new law allows for companies in Virginia to utilize crowdfunding as a way to raise equity (up to $2 million) and bypass those stringent registration requirements.


    There are, however, certain standards the business must meet to be eligible for the exemptions. Here is a list of some of the requirements:

    • The business entity must be formed under Virginia law, be authorized to conduct business in Virginia, and have its principal place of business in Virginia.
    • Staying in line with the regulations governing intrastate exemptions allowed under federal law, the securities must be offered and sold only to Virginia residents.
    • The securities offered and sold must be equity. Debt securities are not allowed under this law.
    • The sum of cash and any other consideration received for the security cannot exceed $2,000,000.
    • If the investor is not accredited (defined by federal law), the company cannot accept over $10,000 in investment from that person.
    • At least twenty days prior to the offering, the company must provide certain information and documents to the state, pay a filing fee, and have established an escrow account for which funds will be deposited.
    • The company cannot be one that is operating as an investment business, one that is involved in certain natural resource – based ventures, one that is subject to various federal reporting regulations, or one without a certain level of operational details delineated.
    • The offering term cannot last 12 months after the initial offer.
    • The issuer must provide an annual report, which carries its own requirements, to the security purchasers for three years.


    Virginia businesses that fall under this new exception are able to take advantage of an equity-raising avenue that is growing rapidly. This growth of crowdfunding can be attributed to the Internet’s significant lowering of the informational and logistical barriers that have traditionally faced entrepreneurs and small businesses.

    The attorneys at Pierce/McCoy are well versed and up to speed on the rapidly changing federal and state laws involving crowdfunding. Please feel free to contact us to discuss your concerns in this area.

    Would you like to see this post as an infographic?

    Crowdfunding Law IG

    This post is purely informational and is not to be construed as legal advice.

    Big SEC News for Your Capital Raising Efforts3/27/15+

    Capital raise efforts get another boost from the JOBS Act! 

    The Securities and Exchange Commission (SEC) adopted amendments to Regulation A that allow private companies to make exempt public offerings of up to $50 million in securities, as required by the Jumpstart Our Business Startups Act (JOBS Act).

    The new rules have come to be known as “Regulation A+.” The rules establish two tiers under Regulation A. Tier 1, which covers offerings of up to $20 million within a 12-month period, is very similar to the existing requirements of Regulation A. Tier 2 allows offerings of up to $50 million within 12 months but requires more robust initial and ongoing reporting. For offerings up to $20 million within 12 months, companies can elect to follow either the Tier 1 or Tier 2 requirements. Selling shareholders can sell up to 30% of the annual offering limit of the chosen Tier.


    These new rules provide an effective, workable path to raising capital that also provides strong investor protections.

      — SEC Chair Mary Jo White


    Under the Securities Act of 1933, when a company offers or sells securities to potential investors, it must either register the offer and sale or rely on an exemption from registration.  Regulation A is a longstanding exemption from registration that permits unregistered public offerings of up to $5 million of securities in any 12-month period, including no more than $1.5 million of securities offered by security-holders of the company.  In recent years, Regulation A offerings have been relatively rare in comparison to offerings conducted in reliance on other Securities Act exemptions or on a registered basis.

    The JOBS Act amended the Securities Act to require the Commission to update and expand the Regulation A exemption.  In particular, the JOBS Act directed the Commission to:

    Adopt rules that would allow offerings of up to $50 million of securities within a 12-month period.

    • Adopt rules that would allow offerings of up to $50 million of securities within a 12-month period.
    • Require companies conducting such offerings to file annual audited financial statements with the SEC.
    • Adopt additional requirements and conditions that the Commission determines necessary.

    Highlights of the Final Rules

    The final rules, often referred to as Regulation A+, would implement Title IV of the JOBS Act and provide for two tiers of offerings:

    • Tier 1, which would consist of securities offerings of up to $20 million in a 12-month period, with not more than $6 million in offers by selling security-holders that are affiliates of the issuer.
    • Tier 2, which would consist of securities offerings of up to $50 million in a 12-month period, with not more than $15 million in offers by selling security-holders that are affiliates of the issuer.

    In addition to the limits on secondary sales by affiliates, the rules also limit sales by all selling security-holders to no more than 30 percent of a particular offering in the issuer’s initial Regulation A offering and subsequent Regulation A offerings for the first 12 months following the initial offering.

    For offerings of up to $20 million, the issuer could elect whether to proceed under Tier 1 or Tier 2.  Both tiers would be subject to basic requirements as to issuer eligibility, disclosure, and other matters, drawn from the current provisions of Regulation A.  Both tiers would also permit companies to submit draft offering statements for non‑public review by Commission staff before filing, permit the continued use of solicitation materials after filing the offering statement, require the electronic filing of offering materials and otherwise align Regulation A with current practice for registered offerings.

    Effective Date for Regulation A+

    The rule amendments become effective 60 days after publication in the Federal Register.

    For More Details, Check Out the Link Below!


    Are we a good fit? Contact us.