Posts

Quick Reminder About Minimum Wage Increases in Virginia
September 03, 2021

As amended by the General Assembly in 2020, the Virginia Minimum Wage Act (“VMWA”) creates a schedule of incremental increases to the minimum wage throughout the Commonwealth of Virginia. The first increase, effective May 1, 2021, raised…

Can Nonprofits Hold Virtual Board Meetings Under Virginia Law?
November 18, 2020

To say we will remember 2020 as an unusual time is quite an understatement. As the COVID-19 pandemic continues to disrupt our professional and personal lives as we know it, Virginia nonprofits are figuring out how to operate in this “new normal”…

New Central Virginia Regional Sales and Use Tax Going into Effect October 1, 2020
August 19, 2020

A new .7% regional retail sales and use tax will be imposed in Central Virginia (including the city of Richmond, Charles City, Chesterfield, Goochland, Hanover (including the town of Ashland), Henrico, New Kent, and Powhatan counties. This…

New Guidance from Dept. of Treasury Offers Comfort to Small Business PPP Borrowers
May 13, 2020

As a follow up to a recent post about concern and confusion among many small business owners about whether they should consider returning their PPP loans this month, those concerns should largely disappear thanks to a newly published PPP FAQ…

How Much Should a PPP Borrower Worry About SBA FAQ Question 31?
May 07, 2020

Small business owners across America have scrambled over the past month to obtain over $5 billion in PPP loans with the promise that such loans will be forgiven if proceeds are used to retain employees and cover certain types of business expenses…

A Few Things Small Business Owners Should Know About PPP Loans
May 07, 2020

The Paycheck Protection Program (PPP) is a massive loan program designed to incentivize small businesses to retain staff during the COVID-19 pandemic. Aside from the immediate infusion of capital to help address short-term cash flow concerns,…

The New and Improved Regulation of Assumed Name Filings in Virginia
April 28, 2020

Effective January 1, 2020, the Clerk’s Office of the State Corporation Commission became the central filing office in Virginia for all certificates of assumed or fictitious name, effectively streamlining the previous two-step process into…

Perkins Named a Business Law “Legal Elite” by Virginia Business Magazine
December 02, 2019

Richmond small business attorney Eric Perkins has again been selected by Virginia Business magazine as a “Legal Elite” in the Business Law category for 2019. Started in 2000 in cooperation with the Virginia Bar Association, the Legal Elite…

Do You Need to Qualify Your “Foreign” Business Entity in Virginia?
September 09, 2019

You own and operate a North Carolina LLC and are ready to expand your business into the Commonwealth of Virginia. Maybe you are a general contractor based in Maryland and just won a contract for a long-term project in Virginia. In terms of business…

Compliance Tips for Virginia Business Startups: Director and Officer Responsibilities
July 08, 2019

Responsibility for the day-to-day management of a Virginia corporation resides with the corporation’s directors and officers. The Virginia Stock Corporation Act offers more flexibility than most people realize, however, to structure the management…