So, you did it! You formed your LLC. But when you filed the paperwork, there was a spot that asked for your “registered agent” information. Maybe you listed yourself if you were filing the paperwork. Maybe the legal website you checked suggested that you use its...
~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...
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...
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 you all of the protections from...
https://youtu.be/j9Mry2T2gQgThis post will help you think through six of the most basic questions that you’ve got to answer before starting a business with friends.Let’s talk about some of the pitfalls of starting a business with friends. We see this all...
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...
