Posts

Selling a Franchised Business Requires Some Extra Work
November 23, 2020

Are you a franchise owner who has decided it is time to sell your franchised business? Before posting that “for sale” sign, there are a lot of preliminary issues to address before you can expect to attract a qualified buyer and successfully…

Book Recommendation for Small Biz Owners and Organizational Leaders – TouchPoints
June 18, 2020

Thanks to the Covid-19 pandemic and its resulting quarantine, Douglas Conant and Mette Norgaard’s book, TouchPoints, has taken on even more significance than it originally had when first published in 2011. During these unpredictable times,…

Common Questions Regarding Setting Your Salary as a Startup Business Owner
May 29, 2020

Once a startup business is formed and starts generating a profit, owners are faced with the decision of how to begin withdrawing money from the business. Owners that decide to start drawing a salary are faced with an often-controversial issue…

Employee or Independent Contractor?
May 15, 2020

The legal distinction between an employee and an independent contractor has confused and frustrated business owners, attorneys, and accountants for many years. The purpose of this article is to provide some guidance for business owners and explain…

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…

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,…

Contract Drafting Tip
February 03, 2020

When drafting business contracts, try to avoid using “and/or” at all costs. There are at least six different ways of construing a contract clause featuring “and/or,” so you are not doing yourself (or a judge trying to interpret your…

A Quick Intro to Virginia LLCs
June 18, 2019

Most entrepreneurs realize that when starting a new small business, the smart approach is form a business entity through which to conduct the business. While Virginia offers a number of different options, the limited liability company has emerged…

#RVABizLaw Tip of the Day: A Dilemma Every Multi-Owner Startup Business Faces
February 07, 2019

A dilemma facing every startup business with more than one owner—how to divide up initial ownership equity?  Bottom line is that there’s no simple answer.  Every situation should be addressed on its own facts and circumstances, but here…

#RVABizLaw Tip of the Day: Does Your Small Business Have a Social Media Policy? 
January 28, 2019

Does Your Small Business Have a Social Media Policy?  This type of policy—offering guidance to your employees on what your expectations and requirements are concerning social media communications and related activity that affect your business--can…