Entries by EPManager0

A Few Lessons Entrepreneurs and Small Business Owners Can Learn from the iAnthus Debacle

Startup companies eager to accelerate their growth sometimes face tough options—and succumb to questionable decision-making–when it comes to raising capital, and iAnthus, one of early leaders in the booming legal cannabis industry, is the latest example of how quickly and dramatically things can go wrong when a company enters into a risky financing deal.  Decision-making […]

February Nonprofit Spotlight: ART180

Each month Perkins Law spotlights a local nonprofit doing inspiring work in the central Virginia area, and the featured nonprofit for February 2022 is ART180. Perkins Law salutes ART180 for providing a space, free of judgment, that encourages creative self-expression while developing local young creators and promoting them through exhibitions, performances, public art, publications, and […]

Nonprofit Conflicts of Interest – Endowment Committee

Question:  If an individual serves on an Endowment Committee for a nonprofit organization that has started to invest significant sums in a for-profit privately held company in which the volunteer is a co-owner and executive employee, should the volunteer step down from the Endowment Committee?  Answer:  Conflicts of interest are not prohibited per se.  A […]

December Nonprofit Spotlight: Live Red Foundation

Each month Perkins Law spotlights a local nonprofit doing inspiring work in the central Virginia area, and the featured nonprofit for December 2021 is Live Red Foundation. Perkins Law salutes Live Red Foundation for offering free fitness programs, which teach 8 core life skills, to youth in low-opportunity communities. Click here to learn more.

Professional Limited Liability Company v. Limited Liability Company

The limited liability company (“LLC”) has emerged as the entity of choice throughout the small business community over the past 25 years. However, for many professional service providers, Virginia offers another, yet confusingly similar, option: the professional limited liability company (“PLLC”). Because (i) the two types of entities are similar in many substantive respects, yet […]

November Nonprofit Spotlight: ACTS

Each month Perkins Law spotlights a local nonprofit doing inspiring work in the central Virginia area, and the featured nonprofit for November 2021 is ACTS. Perkins Law salutes ACTS for its mission to provide funds, support, and other resources to neighbors in financial crisis, enabling them to live sustainable, self-sufficient and dignified lives. Click here […]

Tips for Winding Down a Small Business

I was saddened to recently to hear the news that the Innsbrook Foundation was dissolving, an unfortunate fate for an organization that had served the Innsbrook community so effectively for over 30 years, but an inevitable part of the life cycle of any nonprofit organization or business entity. The COVID-19 pandemic has been a catalyst […]