Choosing the right business partner is likely the second most important decision most people ever make, the first being whom they choose as a life partner. But even the best of business partners can sometimes butt heads with each other over issues about how to run the...
People who start or acquire organizations with business partners often intend to work together indefinitely. Business partners usually outline specific terms in their partnership agreements regarding the development of the organization and the contributions that each...
Your business structure can have a big impact on taxes and personal liability. Though limited liability companies (LLCs) are more popular, forming an S-corporation (S-corp) is the smart move for some companies. Tax benefits of an S-corp One of the main reasons to...
Freelancer contracts serve as essential tools to protect both parties involved in a working relationship. Outlining expectations and key details in writing helps to avoid confusion and ensure that both the freelancer and the client understand their obligations. Scope...
Virtually every new contract that a business negotiates is a potential source of revenue or means of better ensuring operational stability. Contracts can lock in vendor deliveries, secure work from independent contractors and establish expectations for employees....
Starting a new business in Virginia requires careful planning, especially when protecting your intellectual property (IP). It ensures that your inventions, designs, and brands are yours alone. Mastering the essentials of IP protection is also key to shielding your...
Financial statement fraud can harm corporations, investors, and the economy. Detecting and preventing this fraud is crucial for maintaining trust and financial stability. If you're a business owner, you may find it helpful to understand some tips on how to spot and...
The Federal Trade Commission (FTC) announced on April 23, 2024, that non-compete agreements will be banned across the U.S. for most workers. This new rule will start in August 2024, 120 days after the FTC announced it. This is a major change for Virginia employers who...
Freelancing is on the rise in Virginia as more people opt for flexible work arrangements. While this trend offers opportunities for you to pursue your passions and work on your terms, it also has about important legal considerations. Know your contractual rights and...
To a large degree, employment contracts focus on clarifying the obligations that workers and the companies that employ them have to one another. Contracts tend to discuss what services the employee will provide and what compensation the organization will offer. An...
