Picture this – you’ve got a brilliant idea, the entrepreneurial spirit burning bright, and you’re ready to take that leap and build your own business right here in Fairfax. Hold on just a second – the enthusiasm is great, but let’s not forget the nitty-gritty legal side of things. This is where a Fairfax, VA
Fox & Moghul receives many queries every day regarding disputes between business partners. In a Limited Liability Company (LLC) in Virginia, each member and manager owes fiduciary duties to the entity to further its best interests. These duties include the duty of loyalty and the duty of care. In simple terms, fiduciary duties require business
American Law Institute, The Practical Lawyer, “Direct vs Derivative Claims: Permitting Direct Shareholder Actions for Closely Held Corporations,” by Faisal Moghul and Joseph Rugari (July, 2022).