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Northern Virginia Legal Blog

Creating a succession plan for your business

For business owners or CEOs nearing retirement in Virginia, having a succession plan is vital to the continued success of their company. However, crafting a plan sooner rather than later can be beneficial even for owners who are years away from stepping down.

There are many factors to consider when deciding whether a succession plan is necessary. Sometimes, the best and easiest choice is to sell the business. However, many owners want to ensure that their company continues long after they are gone.

Can you sue someone for defamation?

Have you and your business partner recently severed ties? If you two did not end your business partnership on amicable terms, you may be fearful of defamation.

A person’s right against slander may outweigh another person’s right to free speech. In other words, your ex-business partner does not have a right to say malicious and untrue things about you or your business.

Pros and cons of a business partnership

If you’re starting a business with another person or group of people, it would make sense to form a business partnership, wouldn’t it? Well, not so fast.

A partnership would allow those involved to have part-ownership of the business, but there are other pros and cons to consider as well. There are three different types of partnerships: limited, limited liability and general partnerships. All three have their separate legalize, advantages and disadvantages to sort through and consider but there are pros and cons that cover them to mull over as well.

Changes To The Virginia Residential Landlord Tenant Act ("VRLTA")

The purpose of this memorandum is to inform you about the recent updates to the laws governing landlord-tenant relationships in Virginia. If you are a landlord or tenant, please go through the attached updates to determine if any of these changes apply to you. Be advised that the latest changes take effect on July 1, 2019.

What’s the difference between a C- and S-corporation?

Starting a business is an exciting adventure. Just like a physical adventure, starting a new business involves making a lot of choices.

One choice, that is especially important at the start of the business journey, is deciding what structure you want your business to take.

Can you cancel a real estate agreement?

Buying a house is likely the biggest purchase you’ll make in your lifetime. Purchasing the wrong property could leave you in a bad financial situation that makes you feel trapped. Fortunately, Virginia understands that and gives you until midnight on the third business day to terminate a purchase agreement.

When Virginia considers a real estate agreement canceled

What to expect when buying a company

Buying an existing business can be a smart way to become a business owner without all the risk of starting a business from scratch. However, do not think there is no risk in acquiring a business. You could run into a string of potential problems. Some problems can be prevented, and some simply cannot be.

Mandatory Clauses In Virginia Residential Contracting Agreements

Certain activities related to the construction, repair or renovation of real property require a contractor's license. Virginia Code § 54.1-1100 defines a "Contractor" as follows:

"Contractor" means any person, that for a fixed price, commission, fee, or percentage undertakes to bid upon, or accepts, or offers to accept, orders or contracts for performing, managing, or superintending in whole or in part, the construction, removal, repair or improvement of any building or structure permanently annexed to real property owned, controlled, or leased by him or another person or any other improvements to such real property. For purposes of this chapter, "improvement" shall include (i) remediation, cleanup, or containment of premises to remove contaminants or (ii) site work necessary to make certain real property usable for human occupancy according to the guidelines established pursuant to § 32.1-11.7.

Understanding the differences between an LLC and an LLP

Starting a new business is an exciting time. Up until now, you and your partner may have been treating it as a side hustle, but now it is time to make it more official.

Your new enterprise may stay a side hustle, or it may become your full-time occupation. As your business grows, establishing it as a Limited Liability Companies (LLC) or Limited Liability Partnerships (LLP) can have advantages.

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Moghul Law PLLC

Moghul Law PLLC 8230 Boone Blvd., Suite 210 Vienna, VA 22182 Phone: 571-732-0764 Fax: 866-451-9531 Vienna Law Office Map