business attorney richmond va

Enforceability of Non-Compete Agreements in Virginia | Ryan C. Young | Richmond, Virginia Attorney

April 18, 2017October 10, 2019 Ryan C. Young, Esq.

Non-compete Agreements in Virginia The enforceability of a non-compete agreement in Virginia depends greatly on the specific terms of the agreement. Many times, clients will come to me and ask for a clear determination of whether a non-compete agreement will be upheld. The problem is that there is no clear rule and the Virginia courts will look to many factors... Read More

Due Diligence When Buying a Business in Virginia | Ryan C. Young | Richmond, Virginia Business Attorney

February 1, 2017October 10, 2019 Ryan C. Young, Esq.

What does due diligence entail when buying a business? So, you’ve decided to take the plunge and purchase an existing business. Congratulations! Before you sign anything, you have the opportunity to research the company to verify that it is a good investment. The generally accepted term for this type of research is due diligence. This is your chance to look... Read More

Judicial Dissolution of an LLC in Virginia | Ryan C. Young | Richmond, Virginia Business Attorney

January 27, 2017October 10, 2019 Ryan C. Young, Esq.

What happens if LLC Members cannot agree? In Virginia, a Limited Liability Company (LLC), may be dissolved for many reasons, but when there are irreconcilable differences between or amongst owners (members), judicial intervention may be the only remedy. A member may, in accordance with the operating agreement and articles of incorporation, petition a court of competent jurisdiction for dissolution. In... Read More

A Springing Power of Attorney May Cause Problems | Ryan C. Young | Richmond, Virginia Estate Attorney

January 23, 2017October 10, 2019 Ryan C. Young, Esq.

A springing power of attorney is a power of attorney that “springs” into effect when you become “incapacitated”. The idea that your power of attorney would only be able to manage your finances when you are unable to handle them yourself sounds like a good idea, but logistically, it is cumbersome and potentially detrimental to your financial well-being. There are... Read More

Virginia Business Dissolution: What happens when business co-owners can’t agree? | Ryan C. Young | Richmond, Virginia Attorney

December 23, 2015October 10, 2019 Ryan C. Young, Esq.

Virginia Business Litigation Attorney: When business partners can’t agree, what happens with the business? Note: In this article, I use the term “partner” and “partnership agreement” loosely. The rules governing each are slightly different. For example, dissolution of a general partnership will be slightly different than for a stock corporation. Business partnerships can go wrong for many reasons. When you are in... Read More

Virginia Employee Law: Employee Duty of Loyalty to Employer | Ryan C. Young | Richmond, Virginia Business Attorney

September 30, 2015October 10, 2019 Ryan C. Young, Esq.

Matthew 6:24: “No one can serve two masters.”* *I did not include the Bible verse above in an attempt to win converts. This verse (or at least the concept) has often been used by Virginia courts in the past when explaining the common law duty of loyalty that an employee owes to their employer. When a job applicant is searching for employment,... Read More

Non-Disparagement Clause in a Contract | Ryan C. Young | Civil Litigation and Contract Attorney in Richmond, Virginia

September 7, 2015October 10, 2019 Ryan C. Young, Esq.

If you’re a party to any kind of contract in the state of Virginia, you’ll want to learn about non-disparagement clauses. These can appear in all kinds of contracts, and you may see one if you’re an employee or if you and another person are partners for any reason. Additionally, you may see this kind of clause if you receive... Read More

Virginia Contract Law: Damages in Breach of Contract Litigation | Ryan C. Young | Richmond, Virginia Attorney

August 24, 2015October 10, 2019 Ryan C. Young, Esq.

When two parties sign a contract in the state of Virginia, that document represents an exchange that is expected to be made. If you’re a homeowner and you sign a contract with a contractor to build a new deck on the back of your house, for example, the exchange is very simple: you will pay the contractor a specified amount... Read More

Legal considerations when buying an existing business. | Ryan C. Young | Small Business Attorney | Richmond, Virginia

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

Buying an existing business can be enormously rewarding. You won't face the challenges of establishing a company from scratch, along with the massive time commitments needed to create dynamic business plans, finding lenders or investors--or both--and all the minutia of launching a business from ground up. 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

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