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 […]
By Tricia Dunlap Esq. ~2 minute read See more videos and blog posts Part 5 – LLC Education Series Fiduciary Duties: The Responsibilities You Never Knew You Had Good faith and fair dealing. Loyalty. Care. Sometimes these seem like quaint concepts. A throwback to a kinder era. In reality, they are implied responsibilities and “fiduciary duties” that can […]
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 […]
Virginia Values Act: What Not To Do for Virginia Employers On July 1, 2020, the Virginia Values Act became effective across the Commonwealth and employee-employer relations in the Old Dominion will likely never be the same. We have produced two videos that summarize the provisions, here and here. This blog is more granular. If you’re an employer in Virginia, this is your new list […]
By Tricia Dunlap Esq. ~9-10 Minute Read 6 New Laws In The Virginia Values Act The Virginia Values Act went into effect on July 1st, 2020. This was a significant law in Virginia that our General Assembly passed in the last session and it has some really important provisions for business owners to […]
Subscribe to our YouTube channel Tricia Dunlap, Esq. ~4 minute read 3 Tips to Prevent Coronavirus Lawsuits Coronavirus lawsuits are pretty hyped in the news lately and if you’re a business owner you might even be a little freaked out about it. I’m here to tell you that it’s a harder case to win than the […]
By Tricia Dunlap (Esq. & CIPP/US) and Tess Lynch (J.D. 2019 & CIPP/US) Start with these four steps to prepare for the CCPA and ensure your Virginia Business is in compliance. If you’ve read our last blog, you know the California Consumer Privacy Act (CCPA) could impact your business, even if you’re not based in California. Enforcement begins July 1, 2020, […]
In the roughly twenty years since it emerged, the limited liability company (LLC) has become the small business owner’s darling. There are good reasons for that. LLC’s are fast, easy, and cheap to set up – often, filling out a standard form and paying the filing fee are all that’s required. Once set up, the […]