Posts

Virginia LLC vs S Corp? How About BOTH!
October 30, 2019

A commonly asked question by entrepreneurs and prospective small business owners during initial brainstorming sessions is “Should I go with an LLC or an S corp.?” Well, for many Virginia small businesses, the optimal answer is BOTH. You…

Say Goodbye to the “Tax Matters Partner” and Hello to the “Partnership Representative”
October 02, 2019

There have been a series of changes over the past year in the Treasury Regulations that likely impact your old LLC Operating Agreement. One change is that there is no longer a “tax matters partner” (also referred to as a tax matters member)…

A Few Tips on Starting a Food Truck Business
June 27, 2019

A vibrant food truck community has emerged in RVA over the past decade. Seemingly every local event is anchored by a growing variety of independently owned mobile food operators. Why have food trucks become so popular amongst food service entrepreneurs?…

Perkins Talks Business Entity Tips for Entrepreneurs and Small Business Owners at SCORE First Step Workshop
June 25, 2019

Eric will discuss the importance of doing business through a separate business entity, why LLCs have become the entity of choice for the small business community, business succession planning strategies, and ways to reduce the risk of getting…

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: Three Simple Tips to Maximize Limited Liability Protection through your Virginia LLC
February 12, 2019

Three Simple Tips to Maximize Limited Liability Protection through your Virginia LLC:  (i) Pay your annual fee to the SCC on time every year; (ii) pay attention to signature blocks when signing business contracts on behalf of your LLC; (iii)…

Virginia LLC vs S Corp? How About BOTH!
January 09, 2019

A commonly asked question by entrepreneurs and prospective small business owners during initial brainstorming sessions is “Should I go with an LLC or an S corp.?” Well, for many Virginia small businesses, the optimal answer is BOTH.  You…

Starting a new business?
March 09, 2018

Take a look at this quick introduction to Virginia LLCs.  The LLC has become a popular choice of entity in the Virginia small business community.  Reach out anytime for more details (including the Perkins Law flat fee package for Virginia…

Perkins Law Limited Liability Company Flat Fee Package
February 12, 2018

Virginia adopted the Virginia Limited Liability Company Act in 1991, and LLCs have quickly emerged as the most popular business entity in Virginia.  According to 2010 SCC statistics, new LLCs outnumber new corporations by more than a 2 to…

A Quick Introduction to Virginia Business Entities
May 09, 2017

One reason why Virginia is consistently rated as one of the best states in the country to do business is because the Virginia General Assembly regularly updates its business entity statutes to keep them current, flexible, and entrepreneur-friendly.…