03/27/2018
You have a license to practice engineering or architecture and want to start your own business. You’re already licensed – the hard part is behind you, right? Not entirely. There are many options to choose from when creating your own company: a corporation (“Inc.”); a professional corporation (“PC”); a limited liability company (“LLC”); a professional… Read more »
03/26/2018
On March 8, 2018, President Trump issued a proclamation formally ordering tariffs on steel and aluminum imports. The proclamation states that starting March 23, 2018, all “steel articles” imports “entered, or withdrawn from warehouse for consumption” will be subject to an additional 25% duty (essentially, a tax). The proclamation defines “steel articles” to include flat-rolled… Read more »
03/25/2018
Whether expectedly or not, there may come a time when you find yourself on the losing side of a legal battle. Your first reaction might be to consider pursuing an appeal. Below are some points that are helpful to keep in mind as you evaluate your options. Think early about the possibility of an appeal:… Read more »
03/16/2018
You may have noticed that various real estate acquisition firms, developers, builders, landlords, tenants, and leasing and management firms conduct business in a wide range of entities, but why do they do so and what are the important issues to consider when choosing an entity for your business? The factors you should always consider before… Read more »
03/16/2018
Last year, the Occupation Safety and Health Administration, (OSHA), issued a rule that requires certain employers to electronically submit on-the-job injury and illness information. In keeping with its responsibility to improve safety for workers, the change seeks to focus more attention on safety through transparency in reporting practices and to ensure that workers will not… Read more »
03/16/2018
Looming maturity dates (for which borrowers are not prepared to pay the remaining balance) or other monetary defaults of numerous commercial mortgages may present many opportunities for purchasing property on a discounted basis. With proper precautions and investigation, what appears to be a “deal” really can be a “deal.” However, purchasing a property at a… Read more »
03/16/2018
Although minority shareholders of Virginia stock corporations have little power to elect directors or sway corporate policy, they—or their attorneys or agents—do have some basic informational rights, set out in Sections 13.1-770 through 13.1-773 of the Code of Virginia, to “inspect and copy” certain documents if they give at least 5 business days’ notice to… Read more »
03/16/2018
More often than I like, my first contact with a prospective borrower from a bank is when I am e-mailed a copy of a signed commitment letter. In some cases, that commitment letter was preceded by a term sheet that I also didn’t see. Similarly, often my first contact with the buyer or seller of… Read more »
