May 31, 2019 Nathan R. Olansen
Many business owners, CFOs, and other persons with authority over payroll, are unaware that failing to properly withhold and deposit payroll taxes for their employees can result in the imposition of personal liability equal to 100% of the uncollected payroll tax deficiency known as the “trust fund recovery penalty.”
Jul 18, 2018 Stephanie C. Smith
For many different reasons, individuals and business entities can find it beneficial to conduct business under a name other than their legal name. Such names are known in Virginia as fictitious or assumed names, and they are often identified with the individual or business entity’s legal name followed by an abbreviation such as “t/a” (“trading as”) or “dba” (“doing business as”).
May 7, 2018 Todd J. Preti
Many business owners struggle with the dilemma of how to retain their key employees without deluding their stock ownership in the company. This is especially applicable for closely held business owners who want to retain key personnel not only during the term of their ownership, but possibly when the owner turns over control to the next generation.