For most businesses, obtaining a government contract will represent a boon to their bottom line. Unlike many private contracts, a government contract can be a steady and reliable income stream. But they are not without their risk, as evidenced by the government’s...
When first starting a business, Virginia entrepreneurs need not only investment resources, marketing research and a client base, but also a backup plan should something occur that could put the enterprise at risk. Planning for the unexpected, such as a partner or...
You may have a great idea for a new small business and are eager to break away from the nine-to-five rat race and set up shop on your own. Establishing a business start-up in the Richmond area is not as easy as putting a sign on the door and opening-up to the public....
It can be easy for a business operating in the Richmond area to think that the only threat of legal actions they will face is from a competitor, a supplier, a customer, or a disgruntled co-owner or investor. They may also realize the possibility of property disputes...
You may have worked in your chosen profession for the same employer for ten years or so and have become very skilled at your craft. Now, you are looking to step out on your own and start your own business in Virginia. One of the first steps you will have to take is to...
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...
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,...