Tag Archive for "llc" | Davis Law Group, P.C.

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...

February 4, 2021

Douglas Davis

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Business, Business Planning, Business Succession

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111

Snowbirds: What You Need to Know about Renting Out Your Property

Retreating to a warmer climate for the winter sounds like an ideal way to spend a few months.

To help make this dream a reality, some individuals choose to rent out their second homes when they are not in use. But before you list your second home for rent, there are a few things you should...

November 19, 2020

Douglas Davis

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Business, Estate Planning & Administration, Real Estate

757, attorney, Chesapeake, coastal virginia, Davis Law Group, greenbrier, Hampton Roads, hrva, Law, law group, lawyer, legal, llc, Norfolk, Portsmouth, Real Estate Law, rental, renter, renters agreement, seasonal rental, second home, snowbird, southeast Virginia, Tidewater, Virginia Beach, winter rental

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287

Schedule K-1s are Due March 15th – Are You Ready?

Whether you’re a small LLC, an Electing Large Partnership LLC or an S-Corporation, March 15th marks the date you must file your 2019 tax returns (Form 1065, 1065-B, 1120S, or 2553, depending upon your business entity).

In addition to filing your taxes by this date, March 15th also marks the deadline for sending out Schedule K-1s...

February 26, 2020

Jake Balderson

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Business

advice, attorney, attorneys, business attorney, business taxes, Chesapeake, corporate taxes, corporation, Davis Law Group, deadline, estate taxes, extension, filing, Hampton Roads, IRS, K-1, legal, llc, Norfolk, North Carolina, partners, partnership, Portsmouth, S corp, schedule K-1, shareholders, southeastern virginia, Suffolk, tax, tax attorney, taxes, Tidewater, tips, trust taxes, Virginia Beach

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Can Your Business Survive the Loss of a Key Person?

Maybe you’ve protected your business with general liability coverage, property insurance, commercial automobile coverage, and workers’ compensation insurance.

But for some businesses, operations would come to a grinding halt without certain essential contributors—key persons as we call them. If your business includes any key persons then key-person insurance should be a part of your business insurance...

June 12, 2019

Douglas Davis

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Business, Business Planning, Business Succession

757, attorney, business, business attorney, business insurance, business law, Business Succession, Chesapeake, corporate attorney, corporate law, corporation, Davis Law Group, Hampton Roads, hrva, key person, key person insurance, Law, lawyer, legal, llc, Norfolk, Portsmouth, S corp, southeastern virginia, Suffolk, Tidewater, va, Virginia

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Tag Archives: llc

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).

Snowbirds: What You Need to Know about Renting Out Your Property

Retreating to a warmer climate for the winter sounds like an ideal way to spend a few months.

Schedule K-1s are Due March 15th – Are You Ready?

Whether you’re a small LLC, an Electing Large Partnership LLC or an S-Corporation, March 15th marks the date you must file your 2019 tax returns (Form 1065, 1065-B, 1120S, or 2553, depending upon your business entity).

Can Your Business Survive the Loss of a Key Person?

Maybe you’ve protected your business with general liability coverage, property insurance, commercial automobile coverage, and workers’ compensation insurance.

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