People in Virginia may frequently hear of business mergers in the news, but may not pay too much attention to them. However, it is important to note when a merger occurs, as it will change the business landscape with regards to the products or services sold and the...
Month: April 2018
5 reasons debt can be good, but can still lead to bankruptcy
For five years, you tried to avoid all business debt. You had some cash on hand to start the company. You started small and tried to scale things up as you went. You ignored bank loans. You didn't even want to ask investors for money. If all of the money was your own,...
Making a parenting plan work during the school year
When two parents in Virginia divorce, they will need to develop a parenting plan. This plan will address child custody and visitation. It is important that the child is able to form a strong bond with each parent. Divorce can be difficult for a child, so if the...
Anticipate the unexpected through estate planning
Many people in Richmond have had the foresight to see that they have assets they want to pass down to loved ones through an inheritance. Therefore, they may have created what they believed to be a well-rounded estate plan. They may even have executed a trust in order...
What types of business bankruptcies are available to Virginians?
Sometimes even the best laid plans fall through, and a business in Virginia decides it is in its best interests to file for bankruptcy. There are three kinds of bankruptcies applicable to businesses: Chapter 7, Chapter 11 or Chapter 13. What type of bankruptcy is...