Many emerging businesses in Richmond may not be at the point where they can have a robust human resources staff supported by in-house counsel. Still, these businesses obviously have employees, and thus, must follow all applicable local, state, and federal employment...
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Business Law
What constitutes breach of contract?
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...
What are some common types of business structures?
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...
What issues should be assessed before opening a business?
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...
What should a business know before a merger?
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,...
A partnership may serve a new business’s needs
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...
How can Chapter 11 bankruptcy benefit Virginia businesses?
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....
Buyouts could be profitable opportunities for Virginia businesses
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...
Mergers and acquisitions are complex business law undertakings
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...
Virginia businesses facing bankruptcy may have options
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...