Companies eventually evolve and strive for improved operations or growth by combining their resources and efforts with other companies. Sometimes, the legal requirement for spinning off specific productive assets involves Mergers and acquisitions (M&A) and divestitures, both of which may entail structural modifications to underlying business via the sale or purchase of the entire company […]
Setting up an online store seems easy enough, right? You need a sound business plan and marketing strategy, sellable products, great domain, excellent hosting, and a sound content management system, among others. The low overhead is also appealing, and you don’t even have to pay rent if you don’t need space or already have room […]
Torts are intentional, neglectful, or reckless acts that cause individuals or entities unlawful harm. Economic (business) torts refer to wrongful acts specifically impacting businesses. These acts may involve anything from trade secret theft to false and disparaging statements. While trademark infringement, defective products, and breached employment agreements might harm businesses, Virginia recognizes a handful of […]
Whether you’re concerned about changing tax laws or preparing for retirement, business owners often transfer their companies to different states. However, permanently moving your headquarters over state lines differs from opening out-of-state stores or expanding your e-commerce business. Complete transfer requires lawfully closing your business in your current state and essentially reopening your business in […]
From obtaining an EIN to negotiating startup acquisitions, nearly every aspect of running a small business requires legal know-how. Even minor oversights during the registration process can have devastating consequences for Virginia corporations, but many new companies cannot afford seemingly expensive corporate counsel. Instead, business owners commonly turn to discount legal services and self-help tools […]
A trademark includes any word, name, or symbol used to identify and distinguish one seller’s goods from the goods of other sellers of others. The symbols, phrases, and words make brands and products unique and allow consumers to identify high-quality products. The Lanham Act of the United States Code is a law that provides for […]
If you are a doctor, dentist, or veterinarian, you’ve gone through the arduous process of obtaining an undergraduate degree and the ongoing to an additional four years to earn the title “Doctor.” Even upon completing academic requirements, you’ve likely been required to complete years of further training before you can go out on your own. […]
A partnership is created when two or more individuals agree to operate a business as co-owners. A partner does not have to be an individual. It can be an entity such as an organization or a trust. Any partner can have any share of the partnership. However, the total percentages must equal 100%. There are […]
A contract is a legally binding agreement between two or more parties in which each party has rights and obligations. For example, in a typical business contract, one party agrees to provide goods or services in return for payment. If one party fails to perform a specified act or pay the agreed-upon amount of money, […]
Selling a business can have a long-lasting impact on your life and requires significant time and dedication to ensure a smooth and successful transfer. If you are considering selling your business, there are crucial steps you should take to minimize risk and ensure that you are adequately compensated. Important decisions must be made, and each […]
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