The coronavirus pandemic of 2020 has taught us to embrace our lives even when things seem out of our control. Many people have been laid off and are wondering what will come next for their careers. Many of us have had more time to consider our lives, including our career goals. If you have been
Virginia recently passed several new laws that affect guardianships, conservatorships, trusts, and estates. These new laws went into effect on July 1, 2020. One of these changes involves partition for allotment. Below, we will discuss what a partition for allotment is and how a new law changes the practice of partition for allotment.
Many Virginia residents dream of the day they can start their own business, but the process for forming a legal business entity can be confusing. Many entrepreneurs are unsure where they should start or what type of business entity they should use to start their business. Forming a corporation in Virginia may not be as
Applying for the necessary business licenses is one of the essential steps for starting a small business license in virginia . Businesses are legal entities, meaning they can own bank accounts, own property, and pay taxes almost as if they were a Virginia citizen. In Virginia and every other state, you must obtain a business
Are you interested in starting a business with one or more business partners in Virginia? Or, have you already formed a partnership? Understanding the Virginia Uniform Partnership Act (VUPA) will help you as you run your business. Virginia is one of 37 states that has adopted the Revised Uniform Partnership Act. The VUPA governs business
It is common for business partners to experience conflict, and in some cases, these disputes are serious. If you have decided that you are not able to reconcile with your business partner, it may be time for you to leave the company altogether. If you want to leave your business, but your other partner or
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
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
Starting a business is often a rewarding, yet challenging endeavor. Ensuring that your business is profitable is likely at the forefront of your mind. It is also important to consider the types of business disputes that could arise after starting your business. Many new business owners are surprised to learn of the many types of
If you have decided to start a small business with a partner, or you already own a business with a partner, it is wise to take steps to protect yourself. Many small businesses throughout the United States operate as general partnerships. However, very few business owners understand how to protect their legal interests should something
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