John McCormick & Emma Tisdale close on $10.1 Million Dollar Business Sale Transaction
McCormick Law Blog
by john
2M ago
In February 2024, attorneys John McCormick and Emma Tisdale closed on a business sale transaction with a total enterprise value of Ten Million One Hundred Thousand Dollars ($10,100,000.00). This complex transaction involved a tax-free “F-Reorganization” of the seller entity to make it an appropriate target for a private equity purchaser. The complexities of the transaction showcase the firm’s commitment to delivering tailored legal solutions that meet the unique needs of our clients. McCormick Law & Consulting, located in Norfolk, Virginia and Raleigh, North Carolina, specializes in a wide ..read more
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Navigating Partition Lawsuits in Virginia: A Comprehensive Legal Guide
McCormick Law Blog
by john
9M ago
Owning and investing in real estate can be extremely rewarding, but disagreements among co-owners can arise, leading to complex legal disputes. In Virginia, a partition lawsuit provides a legal remedy for co-owners seeking a fair division or sale of jointly-owned property when an amicable resolution is not possible. This article aims to provide a comprehensive overview of partition lawsuits in Virginia, offering insight into the legal process, relevant laws, and key considerations related to real estate partition matters. Understanding Partition Lawsuits A partition lawsuit is a legal action t ..read more
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John McCormick Selected to 2023 Virginia Rising Stars List
McCormick Law Blog
by john
1y ago
John McCormick has been selected to the 2023 Virginia Rising Stars list. Each year, no more than 2.5 percent of the lawyers in the state are selected by the research team at Super Lawyers to receive this honor. Super Lawyers, part of Thomson Reuters, is a rating service of outstanding lawyers from more than 70 practice areas who have attained a high degree of peer recognition and professional achievement. The annual selections are made using a patented multiphase process that includes a statewide survey of lawyers, an independent research evaluation of candidates and peer reviews by practice a ..read more
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Detailed Guide to Starting a Nonprofit Organization in Virginia
McCormick Law Blog
by john
1y ago
Name Your Organization  The first step to starting a nonprofit is to name your organization. While this is a chance for you to get creative and really express your brand, there are a few parameters.  Before deciding on a name, you will want to check that your name is still available and is not already taken by another business. You can start your search on the Virginia Secretary of State Website. You can conduct this search here: VIRGINIA – SCC  You will also want to search your name on the trademark database at the United States Patent and Trademark Office. This database can ..read more
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Coastal Virginia Magazine Recognizes John McCormick as Top Lawyer 2023 in Business Law
McCormick Law Blog
by john
1y ago
Coastal Virginia Magazine’s Top Lawyers peer-to-peer survey has conducted polls in the legal field to identify the attorneys who exemplify excellence in their various fields. As a result, John McCormick was recognized as a 2023 Top Lawyer in the Business Law category. This is the second consecutive year that John has received this recognition. You can find the entire list here: 2023 Top Lawyer Winners | Coastal Virginia Magazine About the process Summary. To create the list, the magazine contracted DataJoe Research to facilitate an online peer-voting process and Internet research process ..read more
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John McCormick Recognized by Virginia Business as Legal Elite
McCormick Law Blog
by john
1y ago
The 23rd edition of the Virginia Business Legal Elite recognizes top Virginia attorneys across 20 specialties. Attorney and Founder of McCormick Law & Consulting, John McCormick, was recently recognized by Virginia Business as Legal Elite in the Business Law category. Launched in cooperation with the Virginia Bar Association in 2000, Virginia Business’ Legal Elite polls lawyers licensed to practice in Virginia each year, asking them to identify which of their peers are the top attorneys across 20 categories of legal specialties. In compiling the Legal Elite, Virginia Business contacted mor ..read more
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What is an Unlawful Detainer?
McCormick Law Blog
by john
1y ago
Most people have either lived in an apartment or rented it out as a landlord. Most rental scenarios go off without a hitch, while other prove more difficult. Landlords may experience disruptive tenants, damage to the rental unit, and late or unpaid rent. These issues have come to the forefront even more in the wake of the COVID-19 pandemic. If you are a landlord who has to engage in the unpleasant process of tenant eviction, the law does provide a specific action to protect your interests – an unlawful detainer. Virginia law defines an unlawful detainer as an action against someone who lawfull ..read more
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What is an action to Quiet Title?
McCormick Law Blog
by john
1y ago
A Quiet Title action is a cause of action in Virginia and North Carolina whereby someone is requesting the Court to declare rightful, legal property ownership of a piece of real property. Although a Quiet Title action takes the form of a civil complaint, it is not usually a contentious type of suit wherein one party has wronged another. For example, Quiet Title actions are often used to determine which heir of a deceased relative has full ownership rights of a piece of property. Actions to Quiet Title also arise in disputes with banks or other mortgage lenders on a property. To properly file a ..read more
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Injunctions vs. Damages
McCormick Law Blog
by john
1y ago
If you are preparing to file a lawsuit, one of the most important considerations is the type of relief you seek upon the case’s resolution. Depending on the issue at hand, it may be appropriate to ask for damages, to receive a certain amount of money in return for prevailing on your claim. In other scenarios, it may be appropriate to ask for a court to mandate that a party do something, refrain from doing something, or return money or property that belongs to you. Often times this is a strategic decision, based upon the contours of Virginia or North Carolina law concerning civil cases. Below a ..read more
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When should I file my claim? Statute of Limitations and Laches
McCormick Law Blog
by john
1y ago
Every jurisdiction in the United States, state and federal, has adopted statutes of limitations for particular crimes or other legal claims. A Statute of Limitations is a prescribed period of time, within which a crime must be prosecuted or a civil lawsuit must be initiated. If the time period has expired, then any lawsuit based on that claim would be barred. For example, Virginia imposes a statute of limitations of 2 years for personal injury claims – if someone were to wait until 5 years after their major auto accident to sue the other driver, it would likely be barred by the statute of limi ..read more
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