Posts

Five Good Things to Know About Virginia’s New Pass-Through Entity Tax Law
May 01, 2023

1. What is the PTE Tax Law? Virginia’s PTE tax law, enacted in 2022, allows a qualifying pass-through entity (“PTE”) to make an annual election for tax years 2021 through 2025 to pay income tax at a rate of 5.75% at the entity level. 2.…

Perkins Law Proud Corporate Patron of the Virginia Museum of History & Culture
March 23, 2023

Perkins Law is proud to be a Corporate Patron of the Virginia Museum of History & Culture. If you have not enjoyed this world-class history museum experience, do yourself a favor and check out one of the nation’s top history museums conveniently…

What Small Business Owners Should Know About The New Virginia Consumer Data Protection Act
September 07, 2021

On March 2, 2021, Virginia became the second state to enact a comprehensive state privacy law when Governor Northam signed the Virginia Consumer Data Protection Act (the “CDPA”) into law. The CDPA creates consumer rights, similar to California’s…

When Does a Private Business Loan Transaction Trigger Securities Laws?
June 07, 2021

What is a security? Many find it surprising to discover that there is no specific statutory definition of a “security” under federal or state securities law. The Securities and Exchange Commission (SEC)’s definition of a “security” includes…

Highlights of Virginia’s New Consumer Data Protection Act
March 01, 2021

Earlier this year, the Virginia House of Delegates and Senate passed the Virginia Consumer Data Protection Act (“CDPA”). While the CDPA is currently awaiting the Governor’s signature, Virginia will likely be the second state (behind California)…

Ready to “Move” Your Nonprofit to Virginia?
November 20, 2020

As a nonprofit organization evolves and its leadership team changes over time, moving the organization’s legal home from one state to another may be a relevant topic of consideration. In some cases, leadership may decide for one or more reasons…

15 Steps to Winding Down a Virginia Small Business
October 09, 2020

The process of closing a Virginia small business can range from very simple and straightforward to extremely complex, expensive, and time consuming, depending upon the surrounding facts and circumstances of the business. Just reaching the decision…

New Central Virginia Regional Sales and Use Tax Now in Effect
October 07, 2020

The new 0.7% regional retail sales and use tax went into effect last week on October 1, 2020. This new tax applies throughout Central Virginia (including the city of Richmond, Charles City, Chesterfield, Goochland, Hanover (including the town…

EMERGENCY COVID-19 WORKPLACE REGULATIONS NOW IN EFFECT FOR VIRGINIA BUSINESSES
August 18, 2020

Last month, Virginia became the first state to approve binding regulations related to COVID-19 workplace safety. The regulations impose extensive requirements on Virginia businesses that have at least one employee (a term which itself is broadly…

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…