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

You must register your foreign LLC or Corporation in Virginia in order to conduct business. | Ryan C. Young | Virginia Attorney | Business Law

Ryan C. Young, Esq.
You must register your foreign LLC or Corporation in Virginia in order to conduct business. | Ryan C. Young | Virginia Attorney | Business Law
Register your foreign LLC or Corporation in Virginia If your LLC or corporation was formed in another state, you must first register with the Virginia State Corporation Commission before “conducting business” in the Commonwealth of Virginia.  Of course, the actions which constitute “conducting business” are sometimes disputed.   Penalties for not registering your foreign corporation or LLC The penalties for... 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

What are the differences between an LLC and an S Corp? | Ryan C. Young | Richmond, Virginia | Business Attorney

Ryan C. Young, Esq.
What are the differences between an LLC and an S Corp? | Ryan C. Young | Richmond, Virginia | Business Attorney
What are the differences between an LLC and an S Corp? Often, I encounter small business owners who want to know the differences between an LLC and and S Corp. If you are reading this article, I assume that you know all about limited liability and separate entity status of corporations in Virginia. If not, I suggest that you contact... Read More

Why is it important to incorporate your business? | Ryan C. Young | Richmond, Virginia Attorney | Business Law

Ryan C. Young, Esq.
Why is it important to incorporate your business? | Ryan C. Young | Richmond, Virginia Attorney | Business Law
By: Ryan C. Young, Esq. Why should you incorporate your business?  There are many reasons to do so; the top reason is incorporation provides owners, members and manages of companies with limited liability. Simply stated, the personal liability that the corporation(s) already have is restricted only to the capital that they have invested.  If the corporation (or LLC) goes files... Read More

Virginia Real Estate Investments: Protecting your property through an LLC | Ryan C. Young | Richmond, Virginia Attorney

Ryan C. Young, Esq.
Virginia Real Estate Investments: Protecting your property through an LLC | Ryan C. Young | Richmond, Virginia Attorney
  Placing your real estate investment into an LLC in Virginia. Let’s face it, we live in an extremely litigious society. The cost of litigation, and/or fulfilling a judgment, can devastate someone who holds real estate investments. It is important to ensure that your investment properties will be safe in the event that you are personally sued. My recommended tactic... Read More