Corporate / Business Law FAQ

1. What’s the best legal structure for my small business?

It depends on your goals. Options include sole proprietorship, partnership, LLC, or corporation. Each has different tax, liability, and management implications.

2. Do I need bylaws or an operating agreement for my company?

Yes. These documents govern how your business operates, clarify ownership rights, and help prevent disputes among partners or members.

3. How can I protect my business from lawsuits?

Good practices include choosing the right business structure, using well-drafted contracts, maintaining insurance, and following employment laws.

4. Can you help with buying or selling a business in Virginia?

Yes. Attorneys can handle due diligence, contract drafting, negotiations, and closing to ensure a smooth transfer of ownership.

5. What should I include in a business contract to protect myself?

Key provisions include payment terms, duties of each party, dispute resolution, and termination clauses. A lawyer can tailor contracts to your specific needs.