Contracts form the basis of many business dealings in Virginia. We expect these contracts will be followed as intended, but this is not always the case. Sometimes one party fails to keep up their end of the deal, giving rise to a breach of contract claim. There are...
Virginia is a place of opportunity, and many people with an entrepreneurial spirit will want to establish a small business in the Richmond area. One of the most important decisions they will have to make is what business structure they want to operate under. The...
Starting a new business may be the dream of many Richmond residents, but not everyone takes the plunge to open an entity of their very own. That is because opening a new business is complicated and somewhat risky. Though there is no way to guarantee that a new...
The merger of two Virginia businesses occurs when one entity buys the other or they otherwise choose to combine their operations into one individual structure. Business mergers can make good business sense when merging financially benefits the parties. Unfortunately,...
Virginia recognizes a number of different business structures that individuals may use when they set up their new entities. From the simple sole proprietorship to the more complex S-Corporation, there are a myriad of structures that individuals may assess before they...
Sometimes a business in Virginia falls on hard financial times. Even if a business slashes its budget it could find that it simply isn't making enough of a profit to meet all its liabilities. When this happens, the business may want to file for Chapter 11 bankruptcy....
Business owners in Virginia may spend many years cultivating their enterprise. However, sometimes an opportunity to transfer ownership of the business presents itself. This is known as a "buyout." A buyout is a transaction under business law in which ownership of a...
The business world in Virginia is ever-evolving. It is not unusual to hear of companies merging, especially large companies. These can be multi-million-dollar deals, so it can help to have a basic understanding of the variety of activities that fall under the umbrella...
A person can put all their effort into their small business, but sometimes due to market conditions, consumer demands or other unforeseen issues, a business in Virginia can repeatedly fail to turn a profit. If this goes on long enough a business owner may decide that...
Business owners have a lot of stake in their enterprise, financially and personally. They may work hard to see that their business is a success. However, they may also want to be shielded from personal liability for the debts and actions of the business. This can be...
