While it may seem contradictory, a non-profit can own all of the ownership interest in a for-profit entity, whether such entity is a corporation or limited liability company. Why Create a For-Profit Subsidiary?
Doug Davis
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Your mortgage, like the rest of your debt, does not simply disappear when you die, unfortunately. If you leave your home that has an outstanding loan to a beneficiary in your will or
In 2022, a federal district court in Maryland held that tax exemption qualified as federal financial assistance to subject a private religious school to Title IX requirements. Because some small private schools avoid
Tax-exempt 501(c)(3) organizations must operate primarily to achieve religious, charitable, scientific, or educational purposes and may not carry on more than an insubstantial amount of commercial activity unrelated to its charitable purposes. Nonetheless,
An Employer Identification Number (EIN) is a type of Tax Identification Number (TIN). There are many kinds of TINs, including Social Security Numbers (SSNs). An EIN is like a SSN but is used
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
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
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
Eviction isn’t as simple as telling a tenant to get out. Tenants have many legal rights and as a landlord in the Commonwealth of Virginia, it’s important to understand the proper process of
Estate planning for married couples can be tricky when one spouse is significantly wealthier than the other, and each spouse wants different beneficiaries to ultimately inherit their estate. One solution to this problem
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