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....
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...
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...
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....
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...
Making the decision to start your own business is exciting, but before diving into the world of business ownership head-first, there are certain steps that must be taken. First, a person will need to choose a business structure. This is what makes the enterprise a...
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...
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...
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...