Spicer, Olin & Associates, P.C. Spicer, Olin & Associates, P.C.

Blacksburg Law Blog

The 4 types of business formation

Whether it is a person's first business or not, starting a business requires one to go through a process of steps. Clearly, the logistics of the business must be planned out, but a business owner must also decide what type of formation will be most beneficial to them. In order to do this, business owners or those considering starting a business should become familiar with the different types of business formations available.

There are four main types of business formation, and depending on the needs of the business and the business owner, some are more advantageous than others. The first is sole proprietorship. This is considered the most simplest business formation, and it is the least expensive type to form as well. For this type, there are no incorporation documents to file or the need to run a business notice in the paper. This type of business has only one owner and there are no protections from lawsuits or creditors claims.

Understanding your Miranda rights

Whenever Virginia law enforcement officers seek to question you with regard to a criminal matter, you would do well to remember that no law requires you to voluntarily speak with police officers or provide them with any information other than your name and address if they request identification. In fact, just the opposite applies in the United States.

You undoubtedly have heard various iterations of the Miranda warning since you were a child watching TV or going to “cop show” movies. Just to refresh your memory, the Miranda warning’s four parts consist of the following:

  1. You have the right to remain silent.
  2. Anything you say can and will be used against you in a court of law.
  3. You have the right to an attorney.
  4. If you cannot afford an attorney, one will be appointed for you.

Guiding you through your criminal defense options

Criminal charges can vary greatly. Additionally, the penalties associated with a crime can differ as well. This is because there are both mitigating and aggravating factors to consider. This makes each criminal charge unique to the defendant facing the charge. Because of this, it is important that defendants view their criminal defense like this as well. There is no one size fits all criminal defense, meaning these can be design and catered to the details of the alleged crime.

Facing any type of crime can be an emotional experience, and our law firm realizes that it is often best to have solid and trustworthy guidance during this time. A Spicer Olin & Associates, P.C., our attorneys have years of experience helping clients in the Blacksburg area navigating criminal allegations.

How common are truck accidents?

In Virginia and elsewhere, it is obvious that commercial truck serve a major role in commerce. In a time where more people are purchasing items online instead of the store, large trucks are used to transport packages across the state or several states to their final destination. Because of this, it is rare for motorists to travel on the roadways without sharing the road with a semi-truck or tractor-trailer truck. While this seems commonplace, this also means the risks associated with these trucks are also commonplace. In other words, there are always constant risks of being involved in an accident with a large truck.

How common are truck accidents? The simplest way to put this is that the rate of truck crashes is not going down. With the number of trucks increasing year by year, the U.S. has also experienced an increase in truck collisions. Just looking at the numbers from 2015 to 2016, the number of trucks of the road increased from 11.2 million to 11.5 million.

Important things to consider following a truck accident

Large trucks have a constant presence on the roadways in Virginia and other states across the nation. Whether it is during the day or night, in rush hour or an open road, commercial trucks are used to transport goods to destinations within and outside of the state. While these vehicles benefit commerce, the reality is that they generate many risks on the roadways. Thus, when a truck accident does occur, victims need to understand their rights and what they could do.

The first thing that should be noted about the trucking industry is that federal and state laws regulate it. These laws establish standards that all trucking companies must follow. Thus, these laws are very valuable when determining who was responsible in a truck accident, as violating these laws could be the reason why an accident occurred.

Virginia men arrested on various charges including drug crimes

When police officers are responding to a call or are issue a search warrant, it is likely that unexpected evidence and information is uncovered. This could result in multiple charges being filed and even additional suspects being charged. While evidence is collected, this does not always mean the evidence will remain. A search is not always conducted properly and evidence could be mishandled, which could allow for the accused to assert a criminal defense.

According to recent reports, three Virginia men, including a man wanted for felony assault, were arrested. During a response to a residence to assist detectives with a search for a man wanted on abduction, strangulation and assault charges, authorities discovered numerous controlled substances and firearms.

Various liabilities in a truck accident case

Due to their immense sizes, truck accidents can result in much more dire consequences than a collision involving two sedans. In the event another vehicle is in the crash, the other driver may need to file a lawsuit to try to receive compensation for injuries and damages.

Victims of such crashes may have a few different options available because with commercial drivers, there are a few different entities that may hold liability. 

How does a partnership compare to other business structures?

When starting a small business, it is vital to understand what structure will work best for you and the business. In many cases, partnerships seem to be the most beneficial and the most lucrative for a small business. In these cases, it is important to understand what a partnership looks like and the different types available. This will ensure a small business owner creates a business structure that benefits them and their business.

How does a partnership compare to other business structures? Next to sole proprietorship, developing a general partnership is the easiest type of structure to form. Partnerships, unlike corporations or limited liability companies, do not have formal requirements or paperwork that need to be filed. Only two things need to exist. This includes a business and the sharing of profits. While partnerships are easy to form, they could present difficulties when it comes to managing them and even dissolving them.

Helping you strategize a criminal defense

No matter a person's criminal history, facing criminal charges is a serious matte. It is one that can leave defendants in Virginia and elsewhere feeling emotional and confused. They are likely shocked that they are in such a predicament, and they are unsure how to move forward. Initiating a criminal defense may feel overwhelming; however, it is important that defendants take this vital and necessary step.

A criminal defense might seem pointless, especially if the evidence against you is piling up. However, a defendant has the ability to knock this pile over and poke holes in the case by taking the time to develop a strong criminal defense.

Considering alternatives to foreclosure

For many, living the American dream is the ultimate goal. This essentially means getting a good job, getting married, starting a family and owning a home. Homeownership is not simple feat though. It does not only mean paying a mortgage but any costs associated with upkeep. This can make homeownership very expensive, and when an individual or family finds it challenging to keep up with these costs, one might face losing their home.

Foreclosure is not an easy situation to deal with. This is the legal means for a lender to repossess a home if a homeowner becomes delinquent on the loan. While the foreclosure process might ensue at this time, it is vital to understand what alternatives to foreclosure exist. This could mean avoiding the difficult and lengthy process or even being able to keep one's home.

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Spicer, Olin & Associates, P.C.

Spicer, Olin & Associates, P.C.
504 S Main St
Blacksburg, VA 24060

Phone: 540-315-8799
Phone: 540-315-8799
Fax: 540-951-5139
Blacksburg Office Location