Have You Visited Recently?
March 09, 2020

If you haven’t checked out the RVABizLaw blog recently, here are a few of the updates you’ve missed: Are franchise agreements automatically and unconditionally renewable? What is Phantom Equity?  How can small biz owners minimize…

#RVABizLaw Tip of the Day: Three Ways for an “S” Corp. Owner to Take Money Out of the Company
February 04, 2019

Three Ways for an “S” Corp. Owner to Take Money Out of the Company:  (i) salary for services rendered; (ii) dividends; and (iii) loans.  Setting a “reasonable salary” for yourself that will withstand IRS scrutiny depends on a variety…

#RVABizLaw Tip of the Day: Preparing Your Business for Sale by Communicating with Your Employees—Timing is Everything
September 24, 2018

Openly communicating with your employees about the sale of your business is a critically important and monumentally difficult task. When, where, and how should you have this talk with your team? Spilling this information too early could cause…

#RVABizLaw Tip of the Day: Be Careful Not to Convert Your Nonprofit Volunteers into Employees
August 01, 2018

Our nonprofit struggles to recruit and retain volunteers to help with our community events and activities, can we offer financial incentives or other "perks" as a recruiting tool? Reimbursing reasonable out-of-pocket…

#RVABizLaw Tip of the Day: Dispute Resolution Clauses Can Save Money and Preserve Business Relationships
May 10, 2018

Even with the comfort that an important business transaction or relationship has been carefully memorialized through a written agreement, contract disputes can arise for a variety of reasons.  When they do, the parties need to quickly make…

#RVABizLaw Tip of the Day: Communicating with Employees When Selling Your Business
May 08, 2018

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…

RVA BizLaw Episode 16 – The Perkins Law 5-Finger Philosophy to Nonprofit Board Composition
August 10, 2017

Episode 16 in the RVA BizLaw series is now available and will explain how every member of a nonprofit board fits into one of five categories–each one resembling a different finger on your hand!

RVA BizLaw Episode 15 – The Beauty of Advisory Boards for a Small Business
August 04, 2017

Episode 15 in the RVA BizLaw series is now available! Eric Perkins will explain the benefits of an advisory board for small businesses! Episode 16 will highlight The Perkins Law 5-Finger Philosophy to Nonprofit Board Composition. https:/…