Recently, you took the first step in starting your business. You want to secure startup funding, but you must determine how much to request. The U.S. Small Business Administration breaks down how to determine business startup costs. Learn how to attract investors by...
Business Formation & Planning
Will my business cease to exist in a merger?
If you are considering an offer to merge your company with another business, you may wonder what it will mean for your operation. While a merger might mean the end of your business, this is not always the case. Mergers take different forms, so it is possible your...
Which type of legal entity is your startup?
It's not always easy to determine which legal entity option is best for your startup when you're first registering as a small business. The best fit for a legal entity in Virginia depends on what your goals are within the scope of this business. One key consideration...
Is an LLC better than a corporation?
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....
Is your business ready to face a lawsuit?
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...
Overview of venture capital investment in a startup
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...
Do you need a business partner?
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...
What terms should your business contract include?
Running a business can be a strenuous undertaking, and if companies experience growth, they may need to work with outside companies in order to complete certain projects. If you have recently decided to team up with an individual or another business, you want to...
Should you open a business with a friend?
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...
Is coronavirus legally considered an act of God?
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...