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Our Legal Blog
Derek and John Allen discuss topics based on popular client inquiries and developments in business and franchise law. The author is identified in each post. Our firm’s goal is to add value to the business community and serve as a resource for SMB law. Enjoy and let us know if we can help your business.
Top 5 Contract Drafting Tips
The ability to draft an enforceable contract is that is clear, concise, and accurately reflects the parties intent is a critical skill that underpins successful business transactions and legal agreements. Utilize these 5 contract drafting tips.
How to Form an LLC in Virginia
Many entrepreneurs choose the LLC structure in Virginia because of its flexibility. The LLC offers limited liability protection while allowing its owner to elect to be taxed as a sole proprietor or partnership (by default) or make an election to be taxed as a Corporation (C-Corp or S-Corp). Finally, establishing and maintaining an LLC is typically easier to manage than other corporate entity structures. A business minded attorney can help determine if this structure is best for your new business, handle the details, and serve as registered agent.
What does a franchise lawyer do?
Franchising presents unique legal challenges. Franchise lawyers help entrepreneurs grow with intention.
Costs for Serving as Registered Agent in Virginia
We charge business clients $150 per year to serve as their registered agent in the Commonwealth of Virginia. Clients are responsible for payment of all filing fees.
Laws When Starting A Franchise
There are several key areas of law that may come into account when starting a franchise. Laws can be broken into several categories: laws that effect business generally, laws specific to your industry, federal franchise laws, and state franchise laws.
Is My Invention Patentable?
If you’ve come up with a new idea or an invention, you are probably wondering: “can I protect or patent this?” That is a great first question, and the answer can be very simple or very complex depending on what you’ve invented.
Black Rifle Coffee Franchise Requirements
Wonder what the requirements are to open a black rifle coffee franchise? We’ve reviewed the FDD. Prepare to invest up to 3.1 million.
How does a lawyer create a franchise disclosure document?
Attorneys must be well versed in franchise law to create an FDD. Proper disclosure requires knowledge of the franchised business, its leaders, and its support structure. The FDD will contain disclosures and contracts that govern the franchise relationship.
What Does an Attorney Charge to Review an FDD?
The lawyers fee to review an FDD will vary by law firm. Many law firms specializing in franchise law offer FDD review at a fixed or flat rate. Larger firms may insist on an hourly rate. We charge a flat rate of $1,850 to review the FDD.
Do I Need An Attorney To Prepare an FDD?
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Legal Disclaimer
The blog posts published by the attorneys at Waldrop & Colvin are available for informational purposes only. The blog posts do not provide legal advice on any subject matter and should not be used as a substitute for legal advice from an attorney. Viewing a blog post does not establish an attorney-client relationship between you and the authors of the blog posts. You should consult your own legal counsel on any legal questions. You agree to these terms by viewing a post.
