One of the highlights at Perkins Law every fall is the announcement of scholarship recipients at the Bon Secours Memorial College of Nursing. For the fifth year in a row, Perkins Law has sponsored a scholarship to help a deserving nursing student on his or her path to a professional career in nursing. With the […]
QUESTION: A newly formed nonprofit organization filed IRS Form 1023-EZ to seek recognition of its exempt status under Section 501(c)(3). The IRS approved the filing and issued a determination letter recognizing the organization’s tax-exempt status under Section 501(c)(3) of the Internal Revenue Code. Very soon thereafter, the organization recruited a few new board members, and […]
Each month Perkins Law spotlights a local nonprofit doing inspiring work in the central Virginia area, and the featured nonprofit for November 2022 is Comfort Zone Camp. Perkins Law salutes Comfort Zone Camp for its mission to transform the lives of children who have experienced the death of a parent, sibling, primary caregiver, or significant […]
The Final Rule recently issued under the Corporate Transparency Act (“CTA”) represents a significant update to federal anti-money laundering laws and is estimated to affect millions of business entities by imposing new disclosure requirements on business owners. Here is a quick summary of the reporting requirements and a few tips to help you comply with […]
According to a recent BizBuySell Insight Report, small business acquisition activity has slowed after posting five consecutive quarters of year-over-year growth. The number of closed deals reported in the third quarter of 2022 dropped 2% year-over-year and was 4.5% lower than the number reported for the second quarter. Just as importantly (if not more), small […]
Each month Perkins Law spotlights a local nonprofit doing inspiring work in the central Virginia area, and the featured nonprofit for October 2022 is Heart Havens. Perkins Law salutes Heart Havens for its mission to for its mission to provide residential support to adults with a developmental disability.
The simple answer is yes it can (and many do), but perhaps the bigger question is whether an organization really wants (or needs) to impose such a mandate? It is legally permissible for a nonprofit organization to require its directors to make an annual cash contribution to the organization as a condition to joining the […]
If you are thinking about starting your own business then consider signing up for SCORE’s upcoming LIVE 3-evening online workshop “How to Start Your Own Business” featuring local experts, including RVA’s small business attorney Eric Perkins on October 20th. This workshop will include presentations by local professionals and subject matter experts in business law, bookkeeping, insurance, finance, marketing and […]
Selling your business is an exciting and rewarding conclusion to an entrepreneurial adventure that has perhaps consumed much of your adult life. A significant part of your sense of identity and self-worth might be closely associated the business that you are now about to transfer to someone else. As you consider how you will respond […]
The US Small Business Administration reports that small businesses make up 99.5% of all Virginia businesses and employ 1.6 million people, or more than 46.6% of the state’s workforce. Business relationships have their ups and downs, and the average relationship among business partners has a life span of less than five years. As a small business evolves, […]