LLCs and corporations limit your liability, with corporations providing the most protection from lawsuits. Corporations have their downsides too, however. You should weigh the pros and cons of the different business structures in Virginia to find the right match....
Virginia entrepreneurs tend to be focused on enhancing their income and growing their businesses. While these are great areas to focus your attention on, you also need to think about your liability risk. Lawsuits happen every single day to not only big corporations...
When it comes to business formation and planning, a primary consideration is capitalization of a startup enterprise. There are a number of commonly utilized mechanisms for funding a startup venture, including an entrepreneur’s own funds or financing from some type of...
If you are starting a new business in Virginia, then you might be wondering if bringing on a business partner is the right move. While a partner can bring in new resources and knowledge, they also introduce some risk because you have to give up some control of the...
You're getting ready to open a business. You and your friend have a great concept in mind, and you've started working on a business plan to help bring your ideas to life.You want to be in a partnership, but you've had people tell you that it's a bad idea to go into...
Employers the world over are trying to measure the impact of COVID-19 on business operations. Many businesses have ceased operations to help combat the virus, but these measures are unsustainable. Temporary closings are turning permanent, cash-on-hand to pay...
You've been interested in starting up your own company for quite some time, but you aren't sure where to start. You know that having a business is complex, and there are many things you need to do.The first thing you'll want to do is to sit down and decide on your...
Many different types of businesses either call the Blacksburg area home or, at least, have a presence in this area. This part of Virginia has sole proprietorships and partnerships as well as smaller, family-owned corporations and limited liability companies.Likewise,...
A joint venture is a type of business association. It is a little bit different, though, from other business structures, like corporations or conventional partnerships, since it is for a limited purpose and may also be limited in time and in scope.Basically, a joint...
While it might be easy for a small business owner in Virginia to think that she has arrived after forming her business and taking the first steps in organizing it for the long haul, there will always be a need for ongoing business planning.For a family-owned business...
