virginia – Page 5 – Young Law, PLLC

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

Different types of Civil Discovery Available in Virginia | Ryan C. Young | Virginia Trial Lawyer

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

Use of Discovery in Virginia Civil Litigation Discovery is the primary procedure for disclosing information to both plaintiffs and defendants. This sharing of information involves both written and oral questions, production of documents and requests for admissions. Discovery law prevents either side from “ambushing” the other with hidden evidence in civil litigation cases. A trial lawyer in Virginia has a... Read More

In Virginia, can an LLC member assign their interest in the LLC? | Ryan C. Young | Richmond Business Attorney

July 3, 2012October 10, 2019 Ryan C. Young, Esq.

Assignment of Interest in a Virginia LLC. A Limited Liability Company is governed by both a) the laws of the state in which it was incorporated and b) the operating agreement of the LLC. There are some state laws which an operating agreement can circumvent. Plainly speaking, in some instances the members of the LLC can decide the rules which... Read More

Forms of Holding Title to Real Estate | Ryan C. Young | Richmond, Virginia Real Estate Attorney

July 2, 2012October 10, 2019 Ryan C. Young, Esq.

Forms of Real Estate Ownership Joint Tenancy With this kind of estate, the co-owners have what is referred to as a ‘right of survivorship.’ This means that if one of the owners dies, the surviving owner(s) will receive the deceased owner’s interest in said property by operation of law, thus avoiding probate. The deceased owner’s property will not be inherited... Read More

Mistakes Small Businesses Make when entering into a Commercial Lease | Ryan C. Young | Virginia Commercial Lease Lawyer

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

Commercial Lease Attorney Business owners are well aware that in this tenant-friendly economic climate, there are some great deals out there. Even so, no matter the economy, the combination of emotion, inexperience and a rigid landlord is a recipe for disaster. Entering into a commercial lease, should not be taken lightly. Thus, it is essential that you obtain an experienced... Read More

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

June 1, 2012October 10, 2019 Ryan C. Young, Esq.

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

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