How To Start A Business With Friends: 6 Questions You Need To Ask

Starting a Business With Friends? 6 Questions You Need To Ask

Posted Leave a commentPosted in Contracts, Small Business

This post will help you think through six of the most basic questions that you’ve got to answer before you start your business.1. What Will Each Person Contribute to the Business? 2. Will Your Rights In Your Business Be Proportional to the Contribution to the Business? 3. What If One of You Wants to Resign? 4. Whether or Not You Need a Prohibition Against Engaging in Competing Business Activities. 5. Who Will Manage the LLC?
6. Can a New Member Join the LLC?

Tips for workplace safety and dealing with employee pushback cover

Tips For Workplace Safety, COVID-19, and Dealing With Employee Pushback

Posted Leave a commentPosted in Coronavirus, Small Business

This post taps the collective experiences of Tricia Dunlap (business attorney and CEO of Dunlap Law PLC) and Brian Chandler (PR expert and CEO of Commonwealth Public Relations).  Tips For Workplace Safety, COVID-19, and Dealing With Employee Pushback Like every business owner, the first months of the pandemic rocked your foundation. Now, six months in, […]

LLC Minority Member

Part 3 11 Tips Before Becoming an LLC Minority Member

Posted Leave a commentPosted in Contracts, International Business, Small Business

By Tricia Dunlap Esq. ~4 minute read Part 3 – LLC Education Series:  The Perilous Position of LLC Minority Members  Limited liability companies are highly popular, very flexible business entities.  They are cheaply and easily formed which unfortunately creates the illusion that lawyers aren’t necessary.  Au contraire.  The truth is that LLC’s can be a nasty trap for […]

LLC operating Agreements

Part 4 Hotel California: An LLC Operating Agreement Gone Wrong

Posted Leave a commentPosted in Contracts, International Business, Small Business

By Tricia Dunlap Esq. ~2 minute read Part 4 – LLC Education Series  Hotel California: You Can Checkout but You Can Never Leave Relatively early in my legal career, a new client arrived with a terrible dilemma.  About a decade earlier, he and his buddy decided to invest in real estate. His buddy contributed more money, so my client […]

Treasury Department

SBA Paycheck Protection Program Loans: 7 Terms Treasury Got Wrong and Why They Harm Small Businesses

Posted 3 CommentsPosted in Coronavirus, Small Business

~9 minute read Tricia Dunlap, Esq.  On March 31, 2020, the Treasury Department issued guidance documents  to assist banks and business owners in accessing the CARES Act Paycheck Protection Program (PPP)(see my guide to the CARES Act). The SBA issued interim regulations on April 2nd. On March 31st, when I first read Treasury’s guidance, I […]

Coronavirus updates in Virginia & D.C.

Small Business Owner? Here’s Your Coronavirus Survival Guide.

Posted 2 CommentsPosted in Coronavirus, Small Business

~5 minute read Tricia Dunlap, Esq. CIPP/US This post will see periodic updates as more resources and information become available. Sign up for alerts on updates. Every small business owner is struggling to navigate a very uncertain world right now.  We compiled and continually update this list of resources that can serve as the coronavirus […]

Working at home guidelines

Working at Home Guidelines: 9 Cybersecurity Tips

Posted 3 CommentsPosted in Coronavirus, Data Privacy and Cybersecurity

~7 minute read Tricia Dunlap, Esq. CIPP/US Working At Home Guidelines We expect cybercrime incidents to increase in the wake of the coronavirus. Thieves usually take advantage of social disruption and fear – cyberthieves will no doubt see COVID-19 as a ripe opportunity. Here are nine working at home guidelines in cybersecurity that you can […]

What is an LLC Operating Agreement

Part 2 An LLC Operating Agreement –  Essential to Success

Posted 1 CommentPosted in Small Business, Contracts

Tricia Dunlap Esq. ~4 minute read If your small business is structured as a limited liability company (LLC), then the cornerstone of your success is a well-written and signed operating agreement (OA). Single member LLCs are no exception. This post is #2 in our LLC Education Series:  What Exactly IS a LLC, Anyway?  Operating Agreements – Essential to […]