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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 liability that a corporation gives you without many of the complexities and drawbacks that
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.
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?
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,
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
By Tricia Dunlap Esq. ~4-5 minute read 2 Things You Need To Know About The New Coronavirus Rules in Virginia The Virginia Department of Labor and Industry passed new coronavirus rules in Virginia. It’s actually 38 pages worth of rules. It is the first time in the nation that we have binding rules on employers
Tricia Dunlap, Esq. & Ben Nelson Ben Nelson is an experienced technologist at SingleStone Consulting who has provided custom application development and technical leadership for the public and private sectors. He is a writer, podcaster, and presenter. ~4 minute read Be Smart(er) about Data Collection In recent years, many businesses have come to perceive data
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
Subscribe to our YouTube channel Tricia Dunlap, Esq. ~3-4 minute read SaaS Vendor Evaluation: 3 Criteria For Choosing Software This is part three of a three-part series on choosing software and what SaaS vendor is right for your business. In part one, I talked about principles around data privacy that your business should consider and
Subscribe to our YouTube channel Tricia Dunlap, Esq. ~3-4 minute read 5 Tips To Secure Your Data: Security For SaaS Applications Let’s talk about security for SaaS applications and its role in choosing a SaaS vendor. This is part two of a three part series on choosing a SaaS vendor because it’s fairly complicated. If
Subscribe to our YouTube channel Tricia Dunlap, Esq. ~4 minute read What is SaaS and Why You Need To Be Careful: 4 Tips for Picking SaaS Vendors What is SaaS? Software as a Service is necessary for all modern businesses. It includes software such as G-Suite, MailChimp, SalesForce, and Microsoft products. But right now let’s
Tricia Dunlap, Esq. ~3-4 minute read 5 Employee Discrimination Notes During COVID-19 As a business owner, I imagine that you have worked long and hard to create a productive, inclusive, and empowering culture for your employees. It’s really important, as you come back to work after the COVID-19 crisis, that COVID-19 not disrupt or undermine
Dunlap Law strives to build a better business community in Richmond. Small businesses are vital to the success of the rest of the community. They create more opportunities for local growth and prosperity. Dunlap Law is proud to help companies like Shood that focus on strengthening the Richmond community and provide for those in need.
Tricia Dunlap, Esq. ~5-6 minute read Reopen Your Business You as a business owner need to think about how you prepare to reopen your business following COVID-19. In part one of this series I talked about operational and administrative control issues that you need to think through. In this post, we go into personal protective
~4-5 minute read © Tricia Dunlap The U.S. Data Privacy Legal Landscape is Highly Fragmented The U.S. data privacy legal landscape is a patchwork of federal and state laws. At the federal level, data privacy laws vary by business sector. For example, the federal Gramm-Leach-Bliley Act regulates data collection and use by financial institutions and the Health Insurance Portability and Accountability Act governs collection
Tricia Dunlap, Esq. ~3 minute read Reopening Your Business After Coronavirus There are four issues that every business owner needs to consider as you prepare to reopen after the COVID-19 crisis. We’ll talk about two in this post and then in the next post, we’ll talk about the other two issues. 1. Operational Controls First,
