What is Regulation D and how does it Benefit Small Business?
March 18, 2020

Regulation D is a series of transactional, safe harbor exemptions from the registration requirements under the Securities Act of 1933.  Generally speaking, when a business owner wants to raise capital from passive investors, the offer and sale…

Having Trouble Navigating the New SCC Online Filing System?
March 13, 2020

As recently reported in local media, the State Corporation Commission rolled out a new online filing system (known as the Clerk’s Information System or “CIS”) to replace the former efile system in December 2019.  Suffice to say, it has…

Force Majeure Discussion
March 10, 2020

A significant portion of the world is in the midst of a COVID-19 health crisis. While public safety and health are rightfully the top priorities, there are many questions swirling around the impact this public health crisis will have on the…

Have You Visited RVABizLaw.com Recently?
March 09, 2020

If you haven’t checked out the RVABizLaw blog recently, here are a few of the updates you’ve missed: Are franchise agreements automatically and unconditionally renewable? What is Phantom Equity?  How can small biz owners minimize…

The Difference Between “Issued and Outstanding” versus “Fully Diluted” Shares
March 02, 2020

The distinction between “issued and outstanding” shares of a corporation as compared to “fully diluted” shares is important when analyzing ownership percentages and the way proceeds would be distributed if the corporation were acquired…

The Big Three from Let Go to Grow
February 24, 2020

I recently read a great book for small business owners and entrepreneurs called Let Go to Grow, written by local business/management consultants Doug and Polly White. The book was first published in 2011, so my apologies for being a little tardy,…

Are Franchisees Guaranteed the Right to Renew their Franchise Agreement?
February 19, 2020

No, there is no such guarantee. Most Franchise Agreements do, however, provide for at least one renewal option, subject to laundry list of conditions (payment of a renewal fee, execution of the then-current form of Franchise Agreement, execution…

SCORE Richmond’s Business After Hours
February 17, 2020

Thumbs up to Richmond's SCORE for another great networking event last week at Capital Ale House. Always fun to catch up with local entrepreneurs and small business owners and hear about the latest SCORE workshops & mentoring opportunities.…

Are Gifts Earmarked for Specific Individuals Tax-Deductible?
February 17, 2020

Q: A neighbor’s house recently burned to the ground and I started a GoFundMe page to raise funds to help the family cover living expenses and replace some of their belongings destroyed in the fire. Are the contributions tax-deductible charitable…

#RVABizLaw: The Big Three
February 10, 2020

Last Friday’s RMA Friday Forum breakfast at The Westin was as festive and informative as always, featuring Snagajob’s Kristi McKissick and Christy Conner sharing insights from the company’s recent annual survey of hourly workers. The “Big…