richmond business lawyer – Page 3

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

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

Changing the name of your business in Virginia | Ryan C. Young | Richmond, VA Attorney

February 19, 2013October 10, 2019 Ryan C. Young, Esq.

By: Ryan C. Young | Attorney Richmond, Virginia Business Law When you first opened your business selecting your name was far easier than registering with all the legal entities that you had to notify of your existence. When you change your business name there are a number of legal issues that have to be addressed, including many things you did... Read More

Protecting the proprietary information (trade secrets) of your business. | Ryan C. Young | Richmond Attorney | Business Law

November 5, 2012October 10, 2019 Ryan C. Young, Esq.

Ryan C. Young | Attorney | Richmond, VA Trade Secrets are important to every business. Trade secrets are important to every business, large or small. Should an employee or so-called corporate “spy” decide that your proprietary information will no longer remain secret, your company could suffer severe–possibly, irreparable–damage. Economic Espionage Act of 1996 This regulation defines trade secrets and offers... Read More

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

October 10, 2012October 10, 2019 Ryan C. Young, Esq.

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

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

September 24, 2012October 10, 2019 Ryan C. Young, Esq.

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

What does force majeure mean in a contract? | Ryan C. Young | Richmond, Virginia | Business Law | Attorney

September 18, 2012October 10, 2019 Ryan C. Young, Esq.

Richmond | Contract Law | Attorney When certain uncontrollable events occur, a party involved in a business contract may not be able to hold up his end of the deal. To protect parties from legal repercussions in such situations, contracts often include a “force majeure” clause. What Does Force Majeure Mean? Literally, “force majeure” means “superior force.” Legally, it refers... Read More

Professional Service Contracts: Get Paid Faster | Ryan C. Young | Richmond, Virginia Attorney | Business Law

August 20, 2012October 10, 2019 Ryan C. Young, Esq.

Professional Service Contracts Richmond, Virginia Attorney Nothing puts a crimp in your cash flow quite like a slow-paying client. When unpaid invoices drift for weeks or months through a client’s approval and payment process, your ability to concentrate on what you do best–namely, providing professional service to people who truly need your expertise–suffers. While you know you need to dedicate... Read More

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