~5 minute read What is Virginia’s Minimum Wage? With so many changes coming to businesses this year (see more changes coming soon), an important question to ask is “What is Virginia’s minimum wage?” On May 1, 2021, Virginia’s minimum wage increased from $7.25 to...
~5 minute read Reviewing the Small Business Reorganization Act and Subchapter V Bankruptcy As of April 19, 2021, the Small Business Reorganization Act and Subchapter V, the new bankruptcy option for small businesses, has been in effect for 14 months, and like a human...
~5 minute read History Between Microbusiness and the PPP Last spring, the government established the Paycheck Protection Program (“PPP”) as one of the main aid programs for small businesses during the coronavirus pandemic. In the beginning, PPP loans were available...
~6 minute read Small Business Bankruptcy and You You researched. You planned. You devoted every waking minute – and probably more than a few nightmares! – to launching your small business and then to keeping things running smoothly … and then the coronavirus pandemic...
What is a Series LLC?For many entrepreneurs, organizing your business as a limited liability company (LLC) is a no-brainer.In Virginia, you can be well on your way to ensuring your personal assets are protected from creditors of your business for just the $100 cost of...
