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 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
We at Fox and Moghul often receive queries by individuals, companies (LLCs, LP, S/C Corps) either facing an imminent judgment, or having already been subjected to a civil judgment in a court of law. In such cases, it is important for the judgment-debtor to be aware of the following key issues. When an individual receives
If you have a potential breach of contract claim against someone in Virginia, then please read this blog, as it explains an important concept in recovering damages for breach of contract under Virginia law. Hypothetical: Suppose that Microsoft has a contract with chipmaker NVIDIA to provide 100,000 computer chips for a price of $1 million.
BUSINESS ENTITIES – COMPARISON CHART Difference between S Corp and C Corp and LLC 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
On behalf of Faisal Moghul of Fox & Moghul posted in business litigation on Wednesday, January 2, 2019. Our Virginia Business Lawyers frequently get asked as to what precisely constitutes trademark infringement. In order to answer that question, you need to know when something can be trademarked in the first place. Exclusive Right to Use – Exclusive Right to Prohibit
Don’t forget to watch our video on this topic here When it comes time to divest an LLC’s real property there are certain procedures that must be follow. We will presume that title was transfer from a member of the LLC, from one who held title in his individual name, and conveyed through a deed