Coates & Davenport, P.C.

April 2018 Archives

What are some different types of business mergers?

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 market they are sold in. Mergers can be complex, so it is good to have at least a basic understanding of what a merger is and the different types of mergers.

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, you stayed in full control.

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 child's parents reach an agreement on how to share time with the child, it can provide the child with some much-needed stability.

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 to see that their heirs will not have to deal with the time-consuming and costly probate process. However, life continues to go on even after we die. Our heirs could experience a divorce, an untimely death, a lawsuit, bankruptcy or an incapacitating injury or illness that could affect where their inheritance ultimately ends up.

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 appropriate depends on how the business is formed.

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