David, Brody & Dondershine, LLP Experienced General Business Law Attorneys
2100 Reston Parkway, Suite 370
Reston, VA 20191
703-264-2220

Reston Business Law Blog

Severing ties with your business: How do you do that?

Maybe you’re simply eyeing new pursuits and challenges after a long and successful career as a business owner. Alternatively, it might be the case that health issues or some other family considerations are now weighing heavily on your mind. Perhaps you are looking with acute appreciation at the energies and talents of younger family members and feel that now is the right time to react accordingly.

What that might mean in all the above instances is a decision to let go, that is, to finally extricate yourself from the commercial enterprise you created, nurtured and drove to long-term success. Next-decade projections might now be supplanted in your thinking by business succession planning.

Thinking of changing your business structure due to tax reform?

Last year, the Tax Cuts and Jobs act brought dramatic changes for businesses around the country. Significantly, it slashed the corporate tax rates to a mere 21 percent and introduced a qualified business income deduction for pass-through entities. As a result, many companies have considered changing their structure to take advantage of these corporate tax breaks.

In this post, we will examine a few of the implications for companies that wish to switch their legal status.

Complex and thorny employment law issue: workplace harassment

It would be hard to overestimate the stark employee-linked challenges that company principals face every day. Business owners across the Washington, D.C., metro area and the rest of the country know from hard experience that worker-related issues are often apex concerns. We stress on our business law website at the Northern Virginia business law firm of David, Brody & Dondershine that they “can be extremely complex legal matters.”

That they are broad-based is evident from a bullet point list on our site that spotlights the kind of work we do on behalf of our diverse and valued business clientele. We represent employers in matters ranging from wage/hour disputes and contractually based grievances to intellectual property protection and considerations relevant to family and medical leave.

What does business-linked legal tax planning entail?

Here’s a quick – and we think definitive – answer to today’s above-posed blog post query: lots.

When it comes to business matters that preoccupy entrepreneurs and established commercial principals, tax considerations are unquestionably on the short list of top-tier concerns.

What is a partnership subscription agreement?

We note at the Northern Virginia law firm of David, Brody & Dondershine that our seasoned attorneys “provide comprehensive corporate law and business formation services.”

We know that covers a lot of ground. Our website page addressing the firm’s commercial law advocacy provides a partial list of the types of things we do to promote our valued clients’ interests. Our representation spans matters ranging from entity formation and contract negotiation to employer/worker interactions and financing.

Technology licensing protections key for both licensors, licensees

Intellectual property in a business context is an apex concern for most entrepreneurs and established commercial principals, for obvious reasons.

For starters, and as we note on our business law website at the metro Washington, D.C., law firm of David, Brody & Dondershine, "Developing and perfecting new technology takes an incredible amount of time and resources."

New age-bias lawsuit instructive in its details

There is unquestionably much about business that is complicated, with one outsized challenge being continually spotlighted by the nuances of employer/worker relations and interactions.

We duly note on our business law website at the solidly established Washington, D.C. metro law firm of David, Brody & Dondershine that issues involving employees “can be extremely complex legal matters.”

Publicly traded companies on the decline

A successful business is one that understands its role today and its future growth. Even if a business is similar in nature to its competitors, it has its own business plan and a business model chosen to fit those ambitions. Depending on size and services, popular choices are limited liability companies, partnerships and incorporation.

A key decision for corporations is whether or not to go public. Digital entities like Facebook and Twitter made waves in recent years by offering stocks to the general trading public, and speculation is that Uber and Airbnb will in the future. While public trading offers an air of legitimacy and incentive for investment, the number of publicly traded companies is declining.

Do Millennial entrepreneurs think differently about business?

It is of course not a requirement for any business visionary to demand that his or her commercial creation change the world in some positive way. Legions of entrepreneurs engaged in start-up enterprises, as well as more established business owners, are driven largely – or even solely motivated – by a profit-focused mindset.

Having said that, though, some empirical evidence has emerged in recent years to strongly suggest that America’s Millennial generation (young 20s through mid-30s is a loose approximation for that group) want something more from business than, well, business.

Contact Us For More Information

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Top

Office Location

David, Brody & Dondershine, LLP
2100 Reston Parkway
Suite 370
Reston, VA 20191

Phone: 703-264-2220
Fax: 703-264-2226
Map & Directions