Understanding Different Kinds of Power of Attorney in Virginia

Ryan C. Young, Esq.
Understanding Different Kinds of Power of Attorney in Virginia
POWER OF ATTORNEY LANGUAGE Agent: An agent or attorney-in-fact is a person that is appointed to act on someone else’s behalf. This person should be very trustworthy because he/she will have a lot of power over the financial and/or medical affairs of the principal. Principal: A principal is a person that appoints an agent to act on his/her behalf. This... Read More

How can Partnership Disputes be avoided? | Virginia Business Attorney

Ryan C. Young, Esq.
How can Partnership Disputes be avoided? | Virginia Business Attorney
The best way to prevent a partnership dispute from happening in the first place is through a written agreement. Typically, this is done at the beginning of the business venture. However, it is never too late to enter into a written, binding agreement with your business partner(s)! Read More

Most Common Reasons for Partnership Disputes in Virginia | Business Attorney

Ryan C. Young, Esq.
Most Common Reasons for Partnership Disputes in Virginia | Business Attorney
WHAT IS A PARTNERSHIP DISPUTE? Starting a business on your own can be a very daunting task, so partnering with a friend or colleague can help relieve a lot of stress. After all, two minds think better than one. However, what happens when those two minds are thinking on completely different pages? This is when a partnership dispute occurs. A... Read More

Asset Purchase vs. Stock (Membership) Purchase in Virginia

Ryan C. Young, Esq.
Asset Purchase vs. Stock (Membership) Purchase in Virginia
Asset Purchase vs. Stock Purchase in Virginia WHAT IS AN ASSET PURCHASE? In an asset purchase, the seller maintains legal ownership of the company. In contrast, the buyer purchases individual assets of the seller’s company and therefore only takes on those specific assets’ risks. Some of these assets include but are not limited to: Inventory Equipment Licenses Facilities Vehicles Trade... Read More