Articles of Organization vs. Operating Agreements: Don’t Let Your Business Be Left in the Dark
Monday, June 17, 2024
So you’ve taken the exciting leap into entrepreneurship and formed your business! Congratulations! But as the dust settles, you might be encountering some unfamiliar legal terms like “Articles of Organization” and “Operating Agreements.” Understanding the difference between these two documents is crucial for protecting your...
Read More New Water and Sewer Allocation Ordinance Does Not Constitute an Unconstitutional Taking
Wednesday, February 1, 2023
Written by: Guy Jeffress The recent case of PEM Entities LLC v. County of Franklin (2023 WL 105711), out of the United States Court of Appeals (the “Court”), reminds us that the imposition of new rules or restrictions by a local government, although onerous in...
Read More Are You Keeping Proper Records?
Wednesday, January 25, 2023
Written by: Guy Jeffress The recent federal case of Renee Mason, DPM, v. Brian Mazzei, Et Al., 2023 WL 234777, out of the U.S. District Court for the Western District of Virginia, highlights the importance of adhering to proper record-keeping formalities, even if you are...
Read More Concept Of “Disguised,” Or “De Facto” Dividends Discussed In Recent Maryland Case.
Wednesday, January 18, 2023
Written by: Guy Jeffress Edward MEKHAYA v. EASTLAND FOOD CORPORATION, et al., 2022 WL 17843057 Appellate Court of Maryland (formerly the Court of Special Appeals of Maryland) In a first for Maryland, the Appellate Court of Maryland, relying on persuasive authority from other jurisdictions, paved...
Read More The Importance of A Guaranty.
Tuesday, August 9, 2022
Written by: Guy Jeffress The decision of the Supreme Court of Virginia in Grayson v. Westwood Buildings L.P., 300 Va. 25, 859 S.E.2d 651 (2021) highlights the need to confirm a tenant’s financial ability to pay the rent during the term of a lease and...
Read More Abandoned Permits
Monday, May 16, 2022
Written by: Guy Jeffress On April 25, 2022, Prince William County Development Services, Building Development Division, issued Policy 1.03 entitled Abandoned Building Permits and Applications and is in the process of auditing and revoking “abandoned” permit applications and issued permits. In general, an issued permit...
Read More Prince William County Ranked 6th Place Nationally
Thursday, May 12, 2022
Written by: Guy Jeffress In April 2022, the Commercial Real Estate Development Association (aka “NAIOP”), released the results of their national Developer Approvals Index study. The results of the study ranked Prince William County, Virginia in sixth place nationally, with an overall weighted score of...
Read More DON’T RISK YOUR BUSINESS BY IGNORING VIOLATION NOTICES.
Monday, March 14, 2022
Written by: Guy Jeffress In a January 2022 unpublished opinion, the Court of Appeals of Virginia upheld the immediate revocation of a certificate of occupancy for a hospitality venue located in Fairfax County, effectively closing the business. The revocation was based in part on a...
Read More Reporting Requirements For “Non-Financed” Real Estate Transactions In The Works
Thursday, January 13, 2022
Written by: Guy Jeffress On Wednesday, December 8, 2021, the Financial Crimes Enforcement Network (“FinCEN”), a bureau of the U.S. Treasury that works to safeguard the U.S. financial system from illicit use and money laundering, and to promote national security, issued an advance notice of...
Read More Phase I Environmental Site Assessment – updated standard requirements
Thursday, December 9, 2021
Written by: Guy Jeffress Phase I Environmental Site Assessment – updated standard requirements On November 1, 2021, ASTM International (formerly the American Society for Testing and Materials) approved revisions to the ASTM 1527 standard, more commonly known as a Phase I Environmental Site Assessment Report. Once...
Read More 2020 Member’s Choice- 10 years of Excellence in Business
Friday, March 20, 2020
On Thursday evening February 27, 2020, the Prince William County Chamber of Commerce hosted its 10th Annual Business Awards to honor the best of the local business community. Awards recognize excellence in business, innovative practices, and outstanding contributions to the community and businesses/organizations that stand...
Read More General Contractors Beware of New Maryland Law
Wednesday, December 12, 2018
by Guy R. Jeffress, Esq. The Maryland General Assembly passed Senate Bill 853, which took effect on October 1, 2018, that added the following text to Section 3-507.2 of the Maryland Code, Labor & Employment: In an action brought under subsection (a) of this section,...
Read More Limited Liability Company Considerations
Wednesday, June 20, 2018
Many states have simplified the process of forming a business entity. In many jurisdictions the formation of a limited liability company or “LLC” can be completed either on-line or by filing a single page form along with the payment of a filing fee. Although the...
Read More Guy Jeffress joins VF&N Business Transaction Practice
Thursday, January 25, 2018
MANASSAS—January 2, 2018—Vanderpool, Frostick & Nishanian, P.C. is pleased to announce that Guy Jeffress has joined the firm as an associate attorney in our Real Estate and Corporate Transactions practice. Jeffress has nearly 20 years of legal experience as both private practice and as in-house counsel in Washington, D.C....
Read More Forming a company? Corporation, Partnership, or LLC
Thursday, December 28, 2017
Forming a company? When forming a company or changing the organization of your current business, it is important to know the different options available to you. The legal entity that you are operating will determine what tax structure you will comply with and your legal...
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