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Northern Virginia Legal Blog

Tips for Avoiding Partnership Disputes

By Published by posted in Business Planning on November 6, 2020

Starting a new business with a partner is exciting, but partnership disputes are bound to happen. Hopefully, you have spent time considering whether your partner is trustworthy and has a keen business sense. Most people who go into business together get along and feel excited about their new company’s future success. However, starting a business […]

The Importance of Partnership Agreements

By Published by posted in Business Planning on November 5, 2020

Writing a business partnership agreement will help you and your partner carefully detail the terms of your business relationship. Whether you are part of a limited partnership or a limited liability partnership, it is important to take the time to write your partnership agreement carefully. Forming a business is exciting, and it can be challenging […]

LLC vs S-Corp vs LP vs C-Corp – What type of business entity should you choose?

By Published by posted in Business Law, Business Planning, Real Estate on August 16, 2020

BUSINESS ENTITIES – COMPARISON CHART Copyright © Fox and Moghul 2020 Entity Limited Liability Company (LLC) S Corporation C Corporation Partnership Description An LLC can only be formed by making appropriate filing with the state (see below). Owners are called members and the LLC may be managed by the members, similar to a partnership, or […]

HOW TO TRANSFER TITLE OF PROPERTY FROM LLC TO MYSELF – Deed, Title, and Other Key Considerations

By Published by posted in Business Law, Business Planning, Real Estate on August 16, 2020

When it comes time to divest an LLC’s real property there are certain procedures that must be followed. We will presume that title was transferred from a member of the LLC, from one who held title in his individual name, and conveyed through a deed of gift. If income was produced from the property during […]

HOW CAN I REMOVE OR FIRE MY BUSINESS PARTNER IN VIRGINIA?

By Published by posted in Business Law, Business Planning on August 16, 2020

By Faisal Moghul of Fox & Moghul posted in Business Formation And Planning on Tuesday, September 18, 2018. One of the primary areas of our practice deals with partnership disputes between and among business partners of across a variety of industries, including co-owners of real estate brokerages, title companies, restaurants, hair salons, technology startups, and retail companies. Here are some […]

LIMITED LIABILITY COMPANIES – WHAT IS A QUALIFIED INCOME OFFSET?

By Published by posted in Business Law, Business Planning, Real Estate on August 16, 2020

By Faisal Moghul of Fox & Moghul posted in Business Formation And Planning on Friday, September 14, 2018. Have you ever used a boilerplate LLC Operating Agreement for your business? Have you ever wondered about some of the drastic legal consequences that the boilerplate language in such operating agreements can have for your business? Consider the following hypothetical, which pertains […]

MY BUSINESS PARTNER LOCKED ME OUT OF THE BUSINESSES BANK ACCOUNTS – WHAT CAN I DO?  

By Published by posted in Business Law, Business Planning on August 11, 2020

We are often asked by business owners if their business partner can “lock them out” of the business, which usually means restricting their access to the businesses bank accounts. Under these circumstances, the injured owner who has been frozen out of the business has certain options that he can follow. First, take a careful look […]

WHAT CAN I DO IF MY PARTNER IS STEALING MONEY FROM THE BUSINESS?

By Published by posted in Business Law, Business Planning on August 11, 2020

Our firm is often asked if one co-owner of a business, say a member in an LLC, can fire his co-member for allegedly stealing money or something else of value from the business. Can you as one co-owner fire the other co-owner allegedly for stealing money from the business? The answer depends on several factors […]

Business Formation Intake

By Published by posted in Business Planning on August 11, 2020

This questionnaire is designed to obtain information relevant to the organization of a new corporation in Virginia. Please note that the questionnaire is a tool to elicit relevant information and does not, by itself, create any legal rights. We will use the information that you provide to prepare the documents that the corporation would typically […]

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