March Nonprofit Spotlight – Reinhart House
www.reinharthouse.org
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www.reinharthouse.org
Earlier this year, the Virginia House of Delegates and Senate passed the Virginia Consumer Data Protection Act (“CDPA”). While the CDPA is currently awaiting the Governor’s signature, Virginia will likely be the second state (behind California) to formally adopt a consumer-friendly data privacy law. The CDPA includes several noteworthy provisions, including: Applicability. As it stands, […]
If you want your small business to be classified for income tax purposes as an S corporation for the 2021 tax year, you have until March 15, 2021, to make an election using IRS Form 2553. By electing S corp. status for your stock corporation or limited liability company (yes, you can be both an […]
If you are thinking about starting your own business in 2021, then consider signing up for an upcoming virtual SCORE workshop “How to Start Your Own Business” featuring RVA’s small business attorney, Eric Perkins. Speakers will cover such topics as: • Choosing the legal structure that’s right for you • Building a successful marketing and […]
Volatility throughout the small business community arising from the COVID-19 pandemic has led to an increase in debt collection efforts by creditors. One frequently used collection remedy is referred to as garnishment. What is a Garnishment? Garnishment is a legal process by which a creditor who is owed money from a debtor may require a third […]
For all the self-published authors throughout Virginia (and across the country), remember that royalties received as a result of creative work such as writing, music and art, is considered self-employment income and should be reported on Schedule C of your personal income tax return (i.e., book royalties are taxable income and should be reported, although […]
Ever considered franchising as a path to business ownership? If so, then careful planning and research are a must. Secure a seat for the Perkins Law Prospective Franchisee Workshop on February 18th led by small business and franchise attorney, Eric Perkins. Attendees will also hear valuable insights and close with plenty of time to answer […]
www.thedoorways.org
Here are a few commonly observed mistakes made by nonprofit organizations when it comes to governance and compliance. If you serve on a nonprofit board, ask yourself whether your organization could use some help addressing any of these important issues. 1. Minimal Understanding of Fiduciary Duty Concepts. A person who volunteers to serve as a director or […]
If you are thinking about franchising as a path to business ownership in 2021, then consider signing up for an upcoming virtual SCORE workshop “Become Your Own Boss Through Franchise Ownership” with featured speaker Rich Salon on Wednesday, February 3, 2021 from 6:30 – 8:30 pm. For more details and to register, click here.
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