Posts

The Importance of Responsible Contract Drafting and Review for the Small Business Owner
June 25, 2019

Business attorneys often hear some version of the following confession from their clients, “Oh I just used a contract template that I found online.” Statements like this evoke mixed emotions because (i) there is no such thing as “one size…

RVABizLaw Tip of the Day: A Few Good Things to Know About the Virginia Benefit Corporation
April 18, 2019

Virginia was among the first handful of states to embrace the social entrepreneurship movement by passing a law in 2011 creating a special form of business entity—the benefit corporation. Here are a few good things to know about the Virginia…

Perkins Law signs on as a Sponsor of Goochland Chamber of Commerce’s Community Night at the Diamond
April 08, 2019

We are excited to renew our sponsorship for one of the premier events on the Goochland Chamber’s annual calendar—Community Night at the Diamond.  This year’s event will take place on July 18, 2019 and not only feature Flying Squirrels…

Perkins Law makes the Generosity, Inc. List of RVA’s Most Philanthropic Companies
April 05, 2019

Richmond BizSense publishes an annual list of the area’s most philanthropic companies, and Perkins Law was honored to make the list at #39. “Community service represents one of our core values,” notes Eric Perkins, who founded the firm…

#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…

Perkins Speaks Business Entity Tips for Entrepreneurs and Small Business Owners at Goochland Chamber Lunch Gathering
December 14, 2018

Enjoyed a great panel discussion with two former colleagues (Stephen Faraci and Scott Golightly) earlier today at the monthly Goochland Chamber lunch gathering. We talked about the importance of doing business through a separate business entity,…

What Can Members of a Nonprofit Organization Do When the Board of Directors Violates the Bylaws?
November 13, 2018

The board of a nonprofit organization presided over a membership meeting and announced that a quorum was present at the members meeting, knowing that no quorum existed, and then let the results of the ensuing vote on a controversial issue stand.…

Is There a Time Limit for Distributing Funds Raised for a Specific Cause?
November 06, 2018

Several times each year our 501(c)(3) organization raises funds for a specific cause (or other charity) through a special event or a raffle.  Once the event takes place, how long do we have to submit the funds to the designated charity? There…

#RVABizLaw Tip of the Day: Preparing Your Business for Sale by Communicating with Your Employees—Timing is Everything
September 24, 2018

Openly communicating with your employees about the sale of your business is a critically important and monumentally difficult task. When, where, and how should you have this talk with your team? Spilling this information too early could cause…