This Plan of Dissolution of a Law Firm covers covers all necessary topics for the dissolution of the firm. Included are: Plan of dissolution, liquidation objectives, surrender of leasehold estates, estimated balance sheet items, termination of personnel, accounts receivable billing and collecting, cash management, professional liability, and indemnity issues.
Virginia Dissolving a Law Firm
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Multi-State
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US-L07054
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Visit to file articles of dissolution and/or termination of a Virginia Stock Corporation in real time. Questions? P.O. Box 1197 Richmond, VA 23219 Richmond, VA 23218-1197 Pay online with a credit card or eCheck. No additional processing fees apply for filing online.
Rule 5.8 - Procedures For Notification to Clients When a Lawyer Leaves a Law Firm or When a Law Firm Dissolves (a) Absent a specific agreement otherwise: (1) Neither a lawyer who is leaving a law firm nor other lawyers in the firm shall unilaterally contact clients of the law firm for purposes of notifying them about ...
To dissolve your Virginia Limited Liability Company you complete and file form LLC-1050, Articles of Cancellation of a Virginia Limited Liability Company. You state on the form that you have completed winding up affairs and the instructions refer to paying all debts, liabilities and obligations of the company.
The primary purpose of Rule 5.4 is to prohibit nonlawyer interference with a lawyer's professional judgment and ensure lawyer independence. The fact that the entity with which legal fees are shared is a non-profit organization is significant given Rule 5.4 (d)'s language.
Rule 6.1 of the Virginia Rules of Professional Conduct establishes an aspirational goal that every lawyer should render at least two percent per year of the lawyer's professional time to pro bono publico legal services.
If the Commission finds that the articles of dissolution comply with the requirements of law and that the corporation has paid all fees and taxes, and delinquencies thereof, imposed by laws administered by the Commission, it shall issue a certificate of dissolution.
(a) a partnership or employment agreement that restricts the right of a lawyer to practice after termination of the relationship, except an agreement concerning benefits upon retirement; or (b) an agreement in which a restriction on the lawyer's right to practice is part of the settlement of a controversy, except where ...
Rule 8.3 - Reporting Misconduct (a) A lawyer having reliable information that another lawyer has committed a violation of the Rules of professional Conduct that raises a substantial question as to that lawyer's honesty, trustworthiness or fitness to practice law shall inform the appropriate professional authority.