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...
Business Law
When does it make sense to file an S-corporation?
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...
What to include in a freelancer contract in Virginia and D.C.
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...
How courts can potentially resolve a significant contract breach
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....
IP protection options to consider before starting a business
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...
Detecting and preventing financial statement fraud
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...
Changes to non-compete agreements in Virginia
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...
Legal implications of the increase in freelancing in Virginia
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...
Why employers often add restrictive covenants to job contracts
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...
What are business disputes, and how can I resolve them?
Business disputes arise between companies or businesses when they are unhappy with the outcome of a particular transaction or agreement. Businesses are multifaceted. There are deadlines to meet, goods to produce, products to deliver and employees to sustain. That is...