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

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

Partnership Agreements: Rules on Voting, Admission of New Partners, and Management | Ryan C. Young | Richmond Attorney

Ryan C. Young, Esq.
Partnership Agreements: Rules on Voting, Admission of New Partners, and Management | Ryan C. Young | Richmond Attorney
Partnership Agreements Those who own a business, with at least one other person and have not fashioned the business as a limited liability company (LLC), a corporation (Inc.) or another kind of business, have a partnership. Although partnerships do not require a written agreement, one is usually recommended. Otherwise, the state law determines the rights and obligations of each partner.... Read More

Most business partnerships fail….and what you should do about it. | Ryan C. Young | Richmond Business Attorney

Ryan C. Young, Esq.
Most business partnerships fail….and what you should do about it. | Ryan C. Young | Richmond Business Attorney
Many partnerships set themselves up for failure. I have always had an entrepreneurial spirit.  From a very young age, I always envisioned myself running some sort of business.  Prior to becoming a lawyer, I was talking seriously with two friends about potentially opening a restaurant together.  All three of us got so ecstatic about the possibility about opening that we didn’t give... Read More