A comprehensive estate plan should address all your assets. For most individuals, an estate plan must encompass three common categories: (1) your primary residence; (2) financial accounts, such as checking and savings accounts;
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Buying a business and purchasing real estate are two very different investments. Business ownership typically requires some management skills and knowledge about market conditions, consumer trends, staffing, and finances. Ownership of real estate,
The location of your small business is a critical determinant of its success or failure. Factors such as accessibility to customers, vendors, and employees, proximity to competitors, and zoning restrictions are essential considerations.
Are you contemplating leasing office or retail space for your small business? The terms of your lease can significantly impact the success or failure of your business. It is imperative to consider several
Many of us are familiar with the story of Snow White and the seven dwarfs. Central to the story is the relationship between Snow White and her stepmother. After losing his wife, the
Occasionally, individuals may hesitate to serve on the board of a nonprofit because they are afraid that they may incur liability based on decisions they make as directors. However, Virginia promotes nonprofit board
While it may seem contradictory, a non-profit can own all of the ownership interest in a for-profit entity, whether such entity is a corporation or limited liability company. Why Create a For-Profit Subsidiary?
As a business executive, you are used to strategizing and creating goals as part of your job. But have you devoted time to strategizing and creating goals to protect yourself and your loved
A registered agent is a person or company that receives official paperwork, like service of process, on behalf of an entity. The registered agent must pass on any paperwork it receives to the
Nonprofits generally should avoid making loans to officers and directors even though Virginia does not prohibit such loans. In fact, under Va. Code § 13.1-826(9), nonstock corporations explicitly have the power to lend
