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

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

Guardianship and Conservatorship in the Commonwealth of Virginia | Ryan C. Young | Richmond, Virginia Lawyer

Guardianship and Conservatorship in the Commonwealth of Virginia | Ryan C. Young | Richmond, Virginia Lawyer
Guardianship Attorney for Incapacitated Adults in Virginia According to the Virginia Code, there are two kinds of appointments the Circuit Court makes in relation to an incapacitated adult. These appointments include Guardianship and/or Conservatorship and/or Guardianship. An individual can be declared incompetent and have a guardian/conservator appointed at the same court proceeding. Declaring Incompetency Before the court appoints a conservator... Read More

Exclusivity Clause in a Commercial Lease | Ryan C. Young | Richmond, Virginia Attorney

Exclusivity Clause in a Commercial Lease | Ryan C. Young | Richmond, Virginia Attorney
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

3 Rules that Govern all Non-compete Agreements in Virginia | Ryan C. Young | Richmond, Virginia Attorney

3 Rules that Govern all Non-compete Agreements in Virginia | Ryan C. Young | Richmond, Virginia Attorney
Virginia courts will look at these rules when deciding whether to uphold a non-compete agreement.  There are a variety of ways in circumstances in which a noncompete clause could find its way into a Virginia contract. However, the most common by far is the employment situation. As such, I will refer to employer and employee throughout this article. The party... Read More

What is an Inter Vivos Trust? | Ryan C. Young | Virginia Attorney

What is an Inter Vivos Trust? | Ryan C. Young | Virginia Attorney
  Inter Vivos – Latin for “between the living” An Inter Vivos Trust is often referred to as a living trust or a revocable living trust. As opposed to the testamentary trust that goes into effect when the trustor has passed away, the Inter Vivos Trust is in place and operating while the grantor is still alive. The Inter Vivos... Read More

Preparing for a Deposition in Virginia | Ryan C. Young | Civil Litigation | Richmond, VA

Preparing for a Deposition in Virginia | Ryan C. Young | Civil Litigation | Richmond, VA
Ryan C. Young | Attorney Richmond, Virginia Civil Litigation What is a deposition? If you are involved in a lawsuit you may be asked to give a deposition. In Virginia, as in most other states, a deposition is not a courtroom proceeding, although a court reporter will record the testimony you give under oath at the deposition. Essentially, it is... Read More

How Your Virginia Business Needs to React to Litigation | Ryan C. Young | Richmond, Virginia

How Your Virginia Business Needs to React to Litigation | Ryan C. Young | Richmond, Virginia
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

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

Providing for your minor children with estate planning. | Ryan C. Young | Attorney | Richmond, VA

Providing for your minor children with estate planning. | Ryan C. Young | Attorney | Richmond, VA
Estate Planning for Families with Young Children. By: Ryan C. Young Every single parent needs to ask themselves “what would happen to my child tomorrow if I died?”  There are two fundamental concerns that must be adressed: 1) Who will manage the money for my child’s care, rearing and education? How will that money be managed? and 2) Who will... Read More

Estate Planning: The Family Money Talk – Have it Early and Often | Ryan C. Young | Virginia Attorney

Estate Planning: The Family Money Talk – Have it Early and Often | Ryan C. Young | Virginia Attorney
Discuss your Estate Plan with your Family Once your finished estate plan is signed, by you, have it witnessed by an impartial third-party, and notarized, the work is not over. There is still some heavy lifting for you to do.You need to talk with your adult children about the contents of your estate plan. This is a difficult but important... Read More