Category Archives: Business Law
Letters of Intent: How to Avoid Added Cost and Headaches in Buying or Selling a Business
By Kyle D. Winey, Esq. and Robert Showers, Esq. Imagine you want to buy or sell a business. Excitement is high and patience is low. That’s why you want to execute something quickly. After all, you don’t want to let this deal slip away. As a result, you call an attorney to draft an… Read More »
Protecting Yourself from Yourself and Others: 5 Mistakes and Tips to Avoid the Dangers of a Sole Member LLC
By Kyle D. Winey, Esq. and Robert Showers, Esq. Owning a for profit Sole Member Limited Liability Company (LLC) can be beneficial, but it can also be risky. It is risky because owners subject themselves to common mistakes that jeopardize the legal protections that LLCs are meant to afford. Sole member nonprofit Limited Liability… Read More »
Employment Contracts: What Lawyers Wish You Knew
By William R. Thetford Jr. Esq. and H. Robert Showers, Esq. At Simms Showers, LLP, a law firm with decades of collective experience in employment law, we speak to potential clients every day who have signed unfair employment contracts, unknowingly violated the law and/or their contracts, or simply find themselves unprepared to litigate a… Read More »
How to Choose Your Business Entity and Why It Matters
By Kyle D. Winey, Esq. and Robert Showers, Esq. (SS Quarterly 2018 3rd Quarter) You are looking to launch a business, but where do you start? There are so many options. You hear that many people use LLCs. Others suggest subchapter S corporations. But are those the best choices for you? Does it even… Read More »
New European Union Law Affects U.S. Businesses and Nonprofits
The European Union’s new General Data Protection Regulation (GDPR) goes into effect on May 25, 2018. This new directive is far-reaching and imposes steep penalties for non-compliance. Moreover, it’s scope extends to any entity gathering personal data (defined broadly) from EU citizens, regardless of the entity’s location. This means that U.S. companies are required… Read More »
A GROWING COMPANY’S GUIDE TO TERM SHEETS
Kyle D. Winey, Esq. Companies in growth mode are exciting, appealing, and of course, profitable. As they grow, companies are often presented with a variety of new opportunities in the marketplace. Many of these new opportunities are capable of catapulting the company to the next level. However, in order to capitalize on these new… Read More »
How Can Virginia Businesses Prevent Crime?
The Powhatan County Chamber of Commerce recently organized a seminar to help Virginia businesses prevent crime, according to an article by the Richmond Times-Dispatch. The seminar featured Deputy Commonwealth’s Attorney Rob Cerullo as a primary speaker. Over the course of 45 minutes, Cerullo answered a number of relevant questions that concern Virginia businesses. What… Read More »
The 13 Business FAQs That Will Make Your Company Succeed or Fail
By Kyle D. Winey, Esq. and H. Robert Showers, Esq. (SS Quarterly 2017 — 4th Quarter) Small business owners and entrepreneurs embrace their new venture with a sense of optimism and hope. And why not? Without believing in a successful future, there is no reason to start a business in the first place…. Read More »
Non-Competes and Non Solicitation
By Kyle D. Winey, Esq. and Robert Showers, Esq. (SS Quarterly 2017—3rd Quarter) Whether beginning a new business venture, trying to protect your existing business as an employer or simply changing jobs or careers, a lawsuit is the last thing an employee or employer needs on their plate. Unfortunately, small business owners and employees… Read More »
The 3 Most Common Legal Mistakes Costing Companies Millions
By Kyle D. Winey, Esq. Amazon CEO Jeff Bezos says there are two types of decisions every entrepreneur and business owner must make: Type I decisions: a decision that is not easily reversible, so it requires careful planning and execution. Type II decisions: a decision that is like walking through a door: if you… Read More »
