Business Attorney – Page 3

Legal considerations when transferring your business to a successor. | Ryan C. Young | Business Legal Planning | Richmond, Virginia Attorney

December 3, 2013October 10, 2019 Ryan C. Young, Esq.

Business succession planning is a critical, but often overlooked, factor in companies having long-term viability. If you are the primary owner and officer of a business, having a successor is even more vital. According to a recent article in Entrepreneur Magazine, over 25 percent of family-owned businesses lack written succession plans. Even those owners facing their senior years, have yet... Read More

Planning a legal exit strategy for your business. | Ryan C. Young | Richmond, Virginia Attorney

November 25, 2013October 10, 2019 Ryan C. Young, Esq.

You Need a Business Legal Exit Strategy When you have partners or co-owners in your business, you should create an exit strategy to extricate yourself from the company in a legal, workable manner. If you never envisioned leaving this business after you founded it, take heart. You’re not alone. Few entrepreneurs consider ever leaving a business they create. However, many... Read More

Virginia Employers: It’s important to have a written alcohol policy in place for your employees. | Ryan C. Young, Attorney | Richmond, Virginia

October 29, 2013October 10, 2019 Ryan C. Young, Esq.

Employees drinking on the job. Concern over employees drinking on the job is actually a common concern that I hear about. When I counsel employers, I always ask them what their feelings are towards drugs and alcohol. Obviously, the overwhelming majority of employers are not going to allow their employees to actively use illegal drugs while in the workplace. At... Read More

Professional Office Lease Considerations | Ryan C. Young, Attorney | Richmond, Virginia | Commercial Lease Law

August 6, 2013October 10, 2019 Ryan C. Young, Esq.

When you’re leasing a professional office, you might want to consider a retail location. Many doctors, lawyers, dentists, and other professionals are moving into these types of settings, to make it more convenient for the people who seek out their services. When you do that, though, you’ll want to be careful of the commercial lease you’re signing. These types of... Read More

Are Unpaid Internships Legal? | Ryan C. Young, Attorney | Richmond, Virginia

July 30, 2013October 10, 2019 Ryan C. Young, Esq.

Unpaid internships have long been a staple of American business. Internships have expanded from the traditional summer interns that companies have used for many decades to year-round use of interns. The media traditionally uses more interns than businesses in other industries. The current expansion to more year-round intern use is fueled by those hoping to change careers and people hoping... Read More

List of Corporate Formality No-Noes | Ryan C. Young, Attorney | Virginia Business Attorney | Richmond, Virginia

July 17, 2013October 10, 2019 Ryan C. Young, Esq.

Important Corporate Formalities in Virginia for LLCs and Corporations. The biggest advantage of forming a corporation or LLC is that you protect your personal assets. The Corporation acts as a shield protecting you and your family from personal liability. However, in order to have this protection, you must show that the Corporation is not a sham or your alter ego... Read More

Exclusivity Clause in a Commercial Lease | Ryan C. Young | Richmond, Virginia Attorney

June 6, 2013October 10, 2019 Ryan C. Young, Esq.

What is an exclusivity clause in a commercial lease? Sometimes these are referred to as an exclusive use clause. Exclusivity clauses are much more common when leasing a commercial space in a shopping center. Why is exclusive use important to define in a commercial lease? The exclusivity clause largely protects the tenant signing the lease and ensures that the shopping center... Read More

3 Rules that Govern all Non-compete Agreements in Virginia | Ryan C. Young | Richmond, Virginia Attorney

April 9, 2013October 10, 2019 Ryan C. Young, Esq.

Virginia courts will look at these rules when deciding whether to uphold a non-compete agreement. There are a variety of ways in circumstances in which a noncompete clause could find its way into a Virginia contract. However, the most common by far is the employment situation. As such, I will refer to employer and employee throughout this article. The party... Read More

What steps do I need to take to dissolve (close) my business? | Ryan C. Young | Richmond Business Attorney

March 15, 2013October 10, 2019 Ryan C. Young, Esq.

Closing a Business in VirginiaRyan C. Young Business Law There are numerous reasons for dissolving a business. Dissolving a business is the legal term for formally shutting down a business, sometimes the process is known as the dissolution of a business. Small and medium-sized businesses often have more than one owner. The first step towards dissolution is having all... Read More

How Your Virginia Business Needs to React to Litigation | Ryan C. Young | Richmond, Virginia

March 4, 2013October 10, 2019 Ryan C. Young, Esq.

Ryan C. Young | Attorney Richmond, Virginia Small Business Law “You’ve been served!” are not words uttered by the out of work AOL mail voice now working in a restaurant. These are words no business ever wants to hear as they translates to: “Gotcha, you are being sued and here are the papers (summons and complaint) that prove it!” Usually... Read More

Category: Business Attorney