Category Archives: Business Planning

Buying and Selling Churches in Virginia: the First Amendment’s Surprising Influence

Sooner or later, every church deals with the purchase or sale of real estate. As you might expect, this process is a little different than buying or selling a home. Much of this difference results from the way the First Amendment and Virginia’s tradition of religious liberty shapes courts’ interactions with churches.

The First Amendment and Religious...

Read more

A Brief Explanation of Limited Liability Companies

1.  What is a Limited Liability Company? A limited liability company or “LLC” is a business entity that is designed to offer co-owners of a business who make a proper filing with the state, freedom from personal liability for the debts of the business, the debts of each partner, the option to manage the business...
Read more

Sale or Purchase of a Business – Things the Parties Should Discuss & Determine

When buying or selling a business there are a number of issues to consider and ultimately resolve in order to ensure that both parties receive what they have bargained for and to make the process as smooth as possible. A lot of information is required so that your attorney and CPA can properly advise you...
Read more

Revocable Living Trust Funding and Estate Administration – Common Problems

If you set up a Revocable Living Trust (What is a Living Trust?) for estate planning purposes, you probably did so with the belief that it would make administration of your estate easy, simple and fast.  This may be true so long as your Trust was properly funded and up to date with...
Read more