Common Mistakes Small Business Owners Make When They Take the DIY ApproachNovember 25, 2019
Ever hear someone say, “it is much more expensive to clean up a mess than to do it right the first time around”? Well, it is usually true. Every so often a new client reaches out for help after they have tried to set up a new business entity…
Figuring Out Which Licenses Apply to Your BusinessNovember 20, 2019
It is not surprising that a restaurant selling alcohol needs a liquor license or that a construction company needs a contractor’s license before it can start building houses or office buildings. But many business owners in different industries…
Richmond Tennis Hall of Fame InductionNovember 18, 2019
Very honored to have been inducted into the Richmond Tennis Hall of Fame as a part of the class of 2019 this past Saturday night. Such a blessing to have discovered my life's passion when I was eight years old. Still many more tennis adventures…
Five Reasons Why Local Craft Brewers Should Love Regulation DNovember 11, 2019
The RVA craft brewery scene has been quite prolific in recent years with no immediate signs of slowing down. As these startups mature into emerging growth companies (or simply look to maintain their market share in an increasingly competitive…
Fifteen Things To Do When You Decide to Hire Your First EmployeeNovember 07, 2019
Your efforts as a “solopreneur” are paying off and you are looking to hire your first employee to help manage the growth of your business. While not an exhaustive treatise on all conceivable laws and regulations that govern the employment…
Changes Proposed to Virginia Franchise Rules — Public Comment Period Now OpenNovember 06, 2019
The Virginia Division of Securities and Retail Franchising (“Division”) has recommended to the Virginia State Corporation Commission (“Commission”) that certain revisions to the Virginia Franchise Rules (“Rules”) be considered for…
Be Careful About Signing Personal GuaranteesNovember 05, 2019
Smart entrepreneurs conduct business through separate business entities such as LLCs or corporations in order to enjoy limited liability protection (personally) from debts and obligations of the business. However, the reality of small business…
Virginia LLC vs S Corp? How About BOTH!October 30, 2019
A commonly asked question by entrepreneurs and prospective small business owners during initial brainstorming sessions is “Should I go with an LLC or an S corp.?”
Well, for many Virginia small businesses, the optimal answer is BOTH. You…
A Few Good Things to Know About Section 501(c)(6) OrganizationsOctober 29, 2019
What is a 501(c)(6) Organization?
Section 501(c)(6) of the Internal Revenue Code (the “Code”) offers tax-exempt status to trade associations, business leagues, chambers of commerce, real estate boards, boards of trade, and professional…
Should a Dormant Nonprofit Organization Deactivate the “Donate” Button on its Website?October 28, 2019
For an inactive nonprofit organization that is not engaged in any formal activities or fundraising efforts, there is no reason to have a functioning “Donate” or “Donate Here” button on its website as it only creates risk (albeit not…