An often overlooked issue in small business acquisitions is when and how to let employees about the transaction. Two things are clear—every situation is different and timing is important. Sharing this information too early could cause intense anxiety as employees worry about job security and hurt their performance. A key employee could resign, thus jeopardizing […]
The Perkins Law Team salutes small business owners and entrepreneurs — the driving force in our economy today. According to the Small Business Administration, there are nearly 30 million small businesses in the United States employing 47.8% of all U.S. workers. Microbusinesses (companies with less than 10 employees) account for more than 75% of all […]
Buying or selling a small business is a process. Before investing the time and expense of drafting a full-blown acquisition agreement, parties will often prepare a preliminary document, typically referred to as a letter of intent (also referred to as an “LOI”), outlining the key terms and conditions of the deal. The value of an […]
Henrico County small business, franchising, and nonprofit law firm Perkins Law, PLLC moved up to #33 on this year’s Generosity Inc. list of RVA companies active in local philanthropy and community service. “Community service represents one of our core values,” notes Eric Perkins, who founded the firm in 2009, “as a small business, our capacity […]
Richmond small business and nonprofit attorney Eric Perkins will be presenting “Great Beginnings and Graceful Endings–Tips for Navigating the Employee Hiring and Termination Process” at the Center for Nonprofit Excellence in Charlottesville, VA on May 18, 2018. Every employment relationship has a beginning and a conclusion. Both are critically important to an organization because there […]
April 16,2018 — I enjoyed a fun afternoon at Shalom Farms with my fellow Short Pump Rotarians picking carrots and protecting fields of onions and garlic. Shalom Farms is a nonprofit organization based in Powhatan County just off of Route 288. Formed in 2008, Shalom Farms strives to “work with communities to ensure access to […]
There are many misconceptions about forming a Virginia nonprofit organization: (i) it is a quick process, (ii) nonprofit fundraising is easy, (iii) one or two people can handle everything, and (iv) founders can profit from the growth and success of the organization. Here is a short outline summarizing some of the basics of starting a […]
Nearly two dozen RVA small business startups are competing for a $5,000 top prize and bragging rights in the local business community. C&F Bank hosted a reception on Wednesday night for the contestants, sponsors, judges, and SCORE mentors. A wide variety of businesses are represented in this year’s competition, ranging from fitness to party planning […]
To succeed as a small business owner, you have to develop a base of happy and loyal customers who appreciate the product or service you provide and, even better, are willing to brag about your business to others. Here’s a great example of a small business (Woofy Wellness Ranch in Richmond, VA) that is growing […]