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

Also read Introduction to Limited Liability Companies in Virginia The LLC Is an Entity Separate and Distinct from Its Owners The single most common reason people hold hold property in an LLC is to protect their personal assets This can be done because “[l]ike a corporation, a limited liability company is a legal entity entirely

What You Should Know Before Forming an LLC in Virignia?

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