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,...
Business Formation & Planning
What is a joint venture and why would I want to enter one?
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...
Overview of business succession planning
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...
Legal issues with business mergers and acquisitions
While the biggest mergers and acquisitions make national news, the reality is that a whole range of business organizations of various sizes in Virginia may come to a point in which their leadership wishes to buy another business outright. Alternatively, the leadership...
What does regulatory compliance entail?
As its name implies, regulatory compliance refers to an obligation that Blacksburg, Virginia, businesses have to follow the network of federal, state and local laws and rules that pertain to that business. These rules and regulations can cover even small and mid-sized...
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....
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...
What are the benefits and disadvantages of a S-corp?
Starting a business or corporation means taking much time to determine what the business will look like and how it will operate. Business planning and formation can get complex, especially when one thinks about it in the long run. And since there is no way around it,...