Posts

Navigating Lease Assignment Issues in a Small Business Acquisition
March 07, 2023

When buying a small business, a third party that often is very influential in determining whether an acquisition will close in a timely fashion (if at all) is the commercial landlord that owns the office building or shopping center in which…

NEW FEDERAL REPORTING REQUIREMENT TO AFFECT MILLIONS OF SMALL BUSINESSES
October 31, 2022

The Final Rule recently issued under the Corporate Transparency Act (“CTA”) represents a significant update to federal anti-money laundering laws and is estimated to affect millions of business entities by imposing new disclosure requirements…

M&A Activity in the RVA Small Business Community Starting to Calm Down
October 24, 2022

According to a recent BizBuySell Insight Report, small business acquisition activity has slowed after posting five consecutive quarters of year-over-year growth. The number of closed deals reported in the third quarter of 2022 dropped 2% year-over-year…

SCORE’s Fall Workshop Series Presents – How to Start Your Own Small Business
September 22, 2022

If you are thinking about starting your own business then consider signing up for SCORE’s upcoming LIVE 3-evening online workshop “How to Start Your Own Business” featuring local experts, including RVA’s small business attorney Eric…

Selling Your Small Business? What’s Next For You?
September 12, 2022

Selling your business is an exciting and rewarding conclusion to an entrepreneurial adventure that has perhaps consumed much of your adult life.  A significant part of your sense of identity and self-worth might be closely associated the business…

Common Areas of Trouble Among Business Partners
September 08, 2022

The US Small Business Administration reports that small businesses make up 99.5% of all Virginia businesses and employ 1.6 million people, or more than 46.6% of the state's workforce. Business relationships have their ups and downs, and…

Popular Small Business Strategic Combo – LLC with an “S” election
July 27, 2022

It is a common strategy in the small business community to operate legally through a limited liability company (“LLC”) and filing an election (IRS Form 2553) to have the LLC classified for tax purposes as an S corporation.  The LLC is often…

SCORE’s Summer Workshop Series Presents – How to Start Your Own Small Business
July 20, 2022

If you are thinking about starting your own business then consider signing up for the upcoming 3-night virtual SCORE workshop series “How to Start Your Own Business” featuring RVA’s small business attorney, Eric Perkins on July 28th. Speakers…

Showing Effective Leadership During Tough Times
May 16, 2022

A crisis—whether personal, local, or national in scope—offers an important opportunity for a small business owner to demonstrate his or her leadership to employees.  The keys here are thoughtfulness, timeliness, and communication.  Consider…

SCORE’s Workshop Series Presents – How to Start Your Own Small Business
March 25, 2022

If you are thinking about starting your own business then consider signing up for SCORE's upcoming IN PERSON workshop “How to Start Your Own Business” featuring local experts, including RVA’s small business attorney Eric Perkins on April…