Tag Archives: business law

 LLC Operating Agreement: Is a Non-Compete Clause Necessary?

You and several friends start a new business and decide to operate it as a limited liability company (LLC).

Now that you’ve completed the first step—choosing a business entity—it is now important to prepare an operating agreement. The operating agreement is a contract which governs the operations of the LLC and sets forth the arrangements made...
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Is Your Business Ready for the Tidal Wave of Changes to Virginia Employment Laws?

Virginia has historically been known as a business-friendly state, with relatively few laws enacted specifically for the protection of employees.

That reputation will certainly change as the seismic shift in the political landscape of Virginia has resulted in a virtual tsunami of changes designed to protect employees.  While the Covid-19 pandemic and resulting government-imposed restrictions on...
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What SBA Economic Disaster Assistance is Available in Response to COVID-19?

Part 1: Coronavirus Preparedness and Response Supplemental Appropriations Act, PL 116-123 (March 6, 2020)

ECONOMIC INJURY DISASTER (“EID”) LOANS As authorized by PL116-123, the SBA has made Economic Injury Disaster Loans ("EID Loans") available for qualifying businesses that have suffered economic injury as a result of the Coronavirus epidemic. Below is a summary of the SBA's eligibility...
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What You Need to Know About Business License and Permit Requirements

If you are starting a new business, there are so many things to consider and think about. But it’s important, in the midst of all of this, not to overlook federal, state, and local business license and permit requirements.

Almost every business, even one that is home-based, is required to obtain some form of license or...
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