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…

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?…

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 Ways for an “S” Corp. Owner to Take Money Out of the Company
February 04, 2019

Three Ways for an “S” Corp. Owner to Take Money Out of the Company:  (i) salary for services rendered; (ii) dividends; and (iii) loans.  Setting a “reasonable salary” for yourself that will withstand IRS scrutiny depends on a variety…

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…

Virginia LLC vs S Corp? How About BOTH!
October 29, 2016

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…