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January 16, 2024 Davis Law Group

Contracts are the foundation of modern business relationships. Contract law as we know it today originated in English common law, but contracts have been around since ancient times. Many of the earliest examples

January 12, 2024 Davis Law Group

Business owners must constantly weigh risks versus rewards when evaluating growth strategies. One such example is investing in the ownership of commercial property, which involves more responsibilities and expenses than leasing a space.

December 29, 2023 Davis Law Group

Groups exempt from federal income taxation under § 501(a) must file Form 990 to report on their finances, activities, and governance. The IRS uses Form 990 to gauge whether tax-exempt organizations are adequately

December 14, 2023 Davis Law Group

Setting up a nonprofit on your own can be confusing. People generally use the word “nonprofit” to refer to groups that are exempt from federal income tax under Internal Revenue Code Section 501(c)(3).

December 7, 2023 Davis Law Group

While many employers discourage employees from discussing wage and compensation with each other, it's important for you to know that all employees have the right to discuss their wages under both federal and

November 10, 2023 Davis Law Group

What is Form 1023? To be exempt from federal income tax, organizations must receive a determination letter from the IRS. The IRS only gives a determination letter after receiving adequate proof that an

November 2, 2023 Davis Law Group

New beneficial reporting requirements under the Corporate Transparency Act become effective January 1, 2024, and will require small business to report information about their owners. Congress’s aim is to prevent criminals, terrorists, and

October 26, 2023 Davis Law Group

Cash flow measures how much cash is flowing in and out of a business, and a positive cash flow is one of the strongest determinants of a business’s success. It shows that a

October 19, 2023 Davis Law Group

Business owners who are interested in forming a new limited liability company (LLC) or converting their existing business to an LLC are probably familiar with the benefits of this entity type. While the

October 13, 2023 Davis Law Group

Last week our own Doug Davis was a guest on WNIS radio's "Ask the Expert" show. WNIS has been providing live local news, talk shows and nationally syndicated shows to Hampton Roads listeners