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Highlights of Virginia’s New Consumer Data Protection Act

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, […]

Garnishments on the Rise: What Small Business Owners Should Know About Garnishments in Virginia

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 […]

Tax Reporting Tip for Self-Published Authors

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 […]

Five Nonprofit Board Governance Mistakes

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 […]

Franchising as a Path to Business Ownership in 2021

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.