Why is a General Partnership a Horrible Structure for Small Business Ownership?
May 12, 2020

If you are thinking about starting a new business with one or more business partners, you have a variety of choices in terms of selecting a legal structure for the business. A partnership is the simplest and perhaps the oldest type of business…

Advantages to a Written Employment Agreement
May 12, 2020

What are some advantages of using a written employment agreement with a key employee?  

How Much Should a PPP Borrower Worry About SBA FAQ Question 31?
May 07, 2020

Small business owners across America have scrambled over the past month to obtain over $5 billion in PPP loans with the promise that such loans will be forgiven if proceeds are used to retain employees and cover certain types of business expenses…

A Few Things Small Business Owners Should Know About PPP Loans
May 07, 2020

The Paycheck Protection Program (PPP) is a massive loan program designed to incentivize small businesses to retain staff during the COVID-19 pandemic. Aside from the immediate infusion of capital to help address short-term cash flow concerns,…

RVA Small Business Relief Fund to Start Accepting Applications on May 13, 2020
May 07, 2020

Thumbs up to ChamberRVA for its RVA Small Business Relief Fund, a new program intended to provide unrestricted grants to qualifying businesses in the Richmond Region impacted by COVID-19. The Fund is made possible through a partnership between…

Single-Member LLC can be a Good Choice of Business Entity
May 04, 2020

Most entrepreneurs and real estate developers/investors now acknowledge that the limited liability company (“LLC”) has become the entity of choice for many business and investment purposes. Offering the dual advantages of limited liability…

Common Franchisor Registration Mistakes
May 01, 2020

Virginia is one of the fourteen states that require franchisors to successfully complete a formal registration and review process before they are permitted to legally offer franchises for sale. While the process is reasonably straightforward…

The New and Improved Regulation of Assumed Name Filings in Virginia
April 28, 2020

Effective January 1, 2020, the Clerk’s Office of the State Corporation Commission became the central filing office in Virginia for all certificates of assumed or fictitious name, effectively streamlining the previous two-step process into…

Tips on Conducting Contest and Sweepstakes Promotions
April 27, 2020

Contests and sweepstakes are popular marketing tools in today’s economy as businesses compete for market share and publicity. Unfortunately, many business owners fail to realize that a variety of federal and state laws regulate these activities,…

What is “ADR”?
April 22, 2020

QUESTION: What is "ADR" and should ADR language be included in my business contracts? ASNWER: The term “ADR” refers to alternative dispute resolution—methods of resolving disputes outside of court. In my experience, resorting to litigation…