Title insurance is an essential part of any land purchase. It covers unknown defects in the chain of title that existed at the time you purchased the property. A chain of title is the historical line of ownership of the land. Thus, if the prior owner or owner before that did something that would put
Your recent decision to buy an older home proves disastrous. Your seemingly well-structured house hid leaky pipes under sinks and faulty electricity on every floor. You feel as though the previous owners lied to you about the condition of the home because they were not forthcoming with information. You prepare to take legal action. Unfortunately,
You found your corner of the market. You made your dream come true. You built a successful business and you don’t want anything getting in your way. Unfortunately, even the strongest business can be threatened by a shareholder dispute. Whether you’ve known the shareholder for much of your life or you were two strangers who
What is an Injunction? An injunction is an order from the court prohibiting the person or entity from doing an act, continuing the act, or mandating them to perform a specified act. What do courts look for to grant an Injunction? The person seeking an injunction, which most of the time is the Plaintiff, must
Purchasing a business is a huge deal – a decision that should not be taken lightly. Although buying a business can be an exciting proposition, it should be handled carefully and thoroughly to avoid buyer’s remorse. Here are a few do’s and don’ts when it comes to purchasing a business: Do: Research the business thoroughly. Understand its appeal–what
Introducing the Limited Liability Company The Cross Specie between A Corporation and Partnership Think of a Limited Liability Company (“LLC”) as a hybrid of a corporation, limited partnership and general partnership. It combines the tax advantages and management flexibility of partnerships with the limited liability shield of a corporation. In other words, the LLC is
What does business to business defamation look like? Many are familiar with personal defamatory acts, but how does it play out between corporations? Here are some elements of business defamation and how the state of Virginia categorizes libel and slander. The Power of Reputation Reputation is arguably the most important asset a company has. When
Freedom of speech is an integral part of American society and a constitutional right. However, false statements against another individual can lead to a civil defamation lawsuit. Defamation is a blanket term that covers any statement that hurts a person’s reputation or good name. Defamation law encompasses more than simply hurt feelings as a result
A commonly asked question when an entity is involved with a transaction is; who has authority to sign on behalf of that entity? Limited Liability Company (LLC) Two documents are of central importance concerning Limited Liability Companies: Operating Agreement: This internal document governs operations, members’ financial and managerial privileges, and identifies the LLC managing members.
The most common form for someone just starting a business is the sole proprietorship. If you have a one-person business – a bookkeeper, a consultant, a computer repair shop, a housecleaner or a writer – it’s the perfect solution. It is easy to see why it is nearly everyone’s initial choice: test It’s simple Starting
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