richmond – Page 4 – Young Law, PLLC

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

As a new mother, what estate planning documents do my husband and I need? | Ryan C. Young | Estate Planning | Attorney

October 9, 2012October 10, 2019 Ryan C. Young, Esq.

Estate Planning for Young Parents Richmond, Virginia | Estate Planning | Attorney Q. As a new mother, what estate planning documents do my husband and I need? ANSWER: • You need to have either a Last Will and Testament or a Trust. • You need to state a preference concerning the care of your children in the event of... 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

Proper Estate Planning Helps Avoid Family Disputes | Ryan C. Young | Richmond, Virginia | Attorney

September 11, 2012October 10, 2019 Ryan C. Young, Esq.

By: Ryan C. Young Although many people would like to avoid the subject of death, it is something that you need not ignore. Otherwise, upon your death, chaos can erupt and your family members’ relationships can be negatively impacted, forever. We all know that death is a highly charged emotional situation. These emotions can cause our loved ones to act... 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

Four Benefits that Make Living Trusts a Compelling Option | Ryan C. Young | Virginia Estate Planning

July 30, 2012October 10, 2019 Ryan C. Young, Esq.

Virginia Living Trust Think a living trust, sometimes called an inter vivos trust , is an estate planning option only appropriate for only the highest net-worth individuals? Think again. Living trusts offer individuals an alternative to relying on a standard will to direct the disposition of their assets upon death. Across Virginia—indeed, across the entire United States—people are discovering that... Read More

Virginia Defamation Law: Providing a negative review (recommendation) for a former employee. – Ryan C. Young – Business Attorney

July 23, 2012October 10, 2019 Ryan C. Young, Esq.

Giving a negative review concerning a former employee in Virginia. As an employer in Virginia, have you ever been concerned about what you should say when you receive a call about an employee or former employee’s job performance? As in most areas of Virginia law, you are largely protected as the employer. However, you should still use prudence when... Read More

Tax Implications of Gifting Real Estate to Family Members | Ryan C. Young | Richmond, Virginia | Real Estate Attorney

July 16, 2012October 10, 2019 Ryan C. Young, Esq.

Are you aware of the IRS national hunt for gift tax evaders? A generous gift of real estate is a primary target. Recently the IRS asked federal court to order a California tax agency to deliver its computer records for all residents who transferred real estate to their relatives for under-market consideration from 2005 to 2010. As every real... Read More

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