RVA small business and franchise attorney Eric Perkins has been selected by peers in the legal community to be included in the 25th edition of The Best Lawyers in America for his work in franchise law for the ninth year in a row. With over 20 years of experience representing franchise systems and franchise owners, Eric continues to […]
Going into business with one or more other people offers many potential benefits and risks. You hope for success, but need to plan for the worst. A carefully drafted agreement among a group of business partners is important to memorialize owner expectations and understandings concerning a variety of important topics. Click here for a short list […]
Our nonprofit struggles to recruit and retain volunteers to help with our community events and activities, can we offer financial incentives or other “perks” as a recruiting tool? Reimbursing reasonable out-of-pocket expenses for volunteers is permitted, but if an organization gives anything of value in exchange for volunteer service (items of de minimis value excepted), […]
Congratulations to the winners of the 2018 RTA/Perkins Law Tennis Community Scholarship: Kathleen Marschalko from Cosby High School and Alexandra Smyth from Freeman High School. Impressive student athletes! To view their video submissions expressing what tennis means to them and why Richmond is a great tennis town, click the links below. Kathleen Marschalko Alexandra Smyth There’s always […]
Congratulations to TraceRx, Inc. and its founder Matthew Rosen on winning the 2018 SCOREcard Business Pitch contest and $5,000 top prize. Trace RX is focused on providing tracking and traceability solutions to organizations that provide international relief and aid around the world to reduce losses due to negligence, theft, or destruction. Sauber Cleaning Solutions, which […]
Having the flexibility and freedom of contributing your time, talent, and resources to charitable causes you find worthwhile is one of the best things about owning your own business. Over the course of the past month, I have had a great time volunteering for some impressive nonprofits in the area—Shalom Farms, Virginia Center for Inclusive […]
Even with the comfort that an important business transaction or relationship has been carefully memorialized through a written agreement, contract disputes can arise for a variety of reasons. When they do, the parties need to quickly make some important decisions. In the small business world, litigation is often a regrettable choice as a dispute resolution […]
An often overlooked issue in small business acquisitions is when and how to let employees about the transaction. Two things are clear—every situation is different and timing is important. Sharing this information too early could cause intense anxiety as employees worry about job security and hurt their performance. A key employee could resign, thus jeopardizing […]
The Perkins Law Team salutes small business owners and entrepreneurs — the driving force in our economy today. According to the Small Business Administration, there are nearly 30 million small businesses in the United States employing 47.8% of all U.S. workers. Microbusinesses (companies with less than 10 employees) account for more than 75% of all […]
Buying or selling a small business is a process. Before investing the time and expense of drafting a full-blown acquisition agreement, parties will often prepare a preliminary document, typically referred to as a letter of intent (also referred to as an “LOI”), outlining the key terms and conditions of the deal. The value of an […]