Coates & Davenport, P.C.

Business Law Archives

What types of partnerships can Virginians establish?

When two entrepreneurs in Richmond join forces to establish a partnership, they often have grand dreams of business success. And, many do see their partnership grow into a profitable business. Partnerships are a popular type of business entity that is relatively easy to establish. There are three types of partnerships entrepreneurs can select when forming their business.

What types of business entities are there in Virginia?

Forming a business in our state requires choosing a business entity. Of course, some people will go at it alone as a sole proprietorship. However, when two or more people wish to form a business together, they have a choice as to the type of entity they want to form. Today, we will look at corporations, limited liability companies, partnerships and limited partnerships.

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.

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.

Business law attorneys provide valuable assistance to Virginians

People in Virginia have a strong work ethic, and for many this means building a successful business from the ground up. Throughout all the ups and downs of running a business, it is imperative that business owners have the help of an attorney every step of the way. This is to ensure the business stays on the right side of the law, and the business owner's interests are protected.

Purchasing an existing business versus a franchise in Virginia

Not all people in Virginia who want to own a business necessarily want to start one from the ground up. For some, it makes more sense to purchase an existing business or open a franchise. It is important for these potential business owners to understand more about these options, so they can make informed decisions.

Virginia companies have options to structure their businesses

When a person in Virginia is forming a business, they have a number of choices as to how to structure their company. Of course, they could simply head out on their own as a sole proprietorship, but other options include a limited liability company or a corporation.

What steps can Richmond entrepreneurs take to start a business?

Entrepreneurs in Richmond may have a dream of starting their own business. They may have a great idea for a product to sell, or maybe they want to start up their own practice in their chosen profession. When starting a new business, however, there are certain steps that should be taken.

Steps Richmond entrepreneurs should take to start a home business

Some entrepreneurs in Richmond with a dream they want to see come to fruition may one day decide to quit the rat-race and start a home-based business. This is not so unusual. The Small Business Administration reports that there are over 28 million small businesses in our nation, and 52 percent of these businesses are based in a person's home. Deciding to start a home business is exciting, but entrepreneurs considering undertaking such an endeavor should make sure they take the appropriate steps to avoid making mistakes in the process.

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  • virginia association of criminal defense lawyers
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