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

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

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

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

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

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

Limiting Damages in a Contract | Ryan C. Young | Richmond, Virginia | Business Attorney

Ryan C. Young, Esq.
Limiting Damages in a Contract | Ryan C. Young | Richmond, Virginia | Business Attorney
Ryan C. Young Richmond | Business Law | Attorney When a small business enters into a contract, it must meet certain obligations. If the business isn’t able to uphold its part of the deal, the other parties involved in the contract can bring legal action against the business, which may result in damages. To protect itself from unreasonable costs, a... Read More

Annual Tasks for Small Business Owners | Ryan C. Young | Richmond, Virginia Attorney

Ryan C. Young, Esq.
Annual Tasks for Small Business Owners | Ryan C. Young | Richmond, Virginia Attorney
Annual Tasks for Small Business Owners The following is a list of questions which I hope you will consider. By no means is the list exhaustive. In fact, I have merely put together this form in the hopes that you will consider areas which may need improvement. If performed at least yearly, legal checkups can certainly save your business future... Read More