The Small Business Reorganization Act
~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...
Virginia Leads The Way: The Virginia Consumer Data Protection Act
In March of 2021, Virginia became the first state on the east coast with a comprehensive data privacy protection law. The Virginia Consumer Data Protection Act (“CDPA” or the “Act”) goes into effect on January 1, 2023. The CDPA takes inspiration from the EU’s General Data Protection Regulation (“GDPR”) and the California Consumer Privacy Act (“CCPA”) but its sponsors avoided some of the weaknesses of those two predecessors.
Microbusinesses Only: New PPP Rules For 2021
~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...
Series LLCs Coming to a State Near You
What if you want to divide liability and management within your limited liability company?
Proceed with Caution: Small Business Bankruptcy and Paycheck Protection
Over one year into the Covid-19 pandemic, many Virginians are still debating bankruptcy, either individually or for their businesses. Over one year into the Covid-19 pandemic, many Virginians are still debating bankruptcy, either individually or for their businesses.
2 Types of LLCs: Member-Managed v. Manager-Managed
https://www.youtube.com/watch?v=mGPIgEoUBHo 2 Types of LLCs: Manager-Managed v. Member-Managed Let's talk about the two types of LLCs or Limited Liability Companies. First of all, Limited Liability Companies are a very flexible vehicle for doing business. They give...
The Confidentiality Clause Curse: Should Your Professional Services Contract include a Confidentiality Clause?
Attorneys have an ethical duty to protect their clients’ confidential information under the law, but most professional services providers are not automatically bound to do the same. One way the parties to a professional services contract can manage the risks accompanying the necessary access to sensitive information is to address them in a confidentiality statement.
Starting a Business With Friends? 6 Questions You Need To Ask
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, COVID-19, and Dealing With Employee Pushback
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 PushbackLike every business...
Part 3 11 Tips Before Becoming an LLC Minority Member
By Tricia Dunlap Esq.~4 minute readPart 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...