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The Virginia Constitution of 1902 created the SCC to replace the Virginia Board of Public Works and the Office of Railroad Commissioner. The three-member Commission was charged with regulating the state railroads and telephone and telegraph companies and with registering corporations in Virginia. The SCC began operations on March 2, 1903.
The Virginia Code Commission is required to update the printed Code of Virginia at the end of each regular session of the General Assembly prior to the date new statutes and amendments become effective. [7] "Pocket part" supplements— stapled paper updates literally stuck in a cover pocket of the hardcover volumes—are printed annually.
[6] [7] [8] The mission of the agency is to "serve the public by acting ethically and efficiently in our administration of Virginia’s tax laws." [1] The agency is currently led by Craig M. Burns, who has served as Tax Commissioner since November 2010 [9] [10]
S corporations are a legal entity that escapes this double taxation but there are certain stipulations that an entity will have to consider before being able to file as an S corporation. [41] If you are currently an S or C corporation your company will not change its tax status when you transfer to a public benefit corporation. [40]
The Uniform Partnership Act (UPA), which includes revisions that are sometimes called the Revised Uniform Partnership Act (RUPA), is a uniform act (similar to a model statute), proposed by the National Conference of Commissioners on Uniform State Laws ("NCCUSL") for the governance of business partnerships by U.S. States. Several versions of UPA ...
State agency regulations (sometimes called administrative law) are published in the Virginia Register of Regulations and codified in the Virginia Administrative Code. Virginia's legal system is based on common law, which is interpreted by case law through the decisions of the Supreme Court, Court of Appeals, and Circuit Courts, which may be ...
Under Code of Virginia § 15.2-3534, [8] when multiple local governments consolidate to form a consolidated city, the consolidated city may be divided into geographical subdivisions called "boroughs", which may be the same as the existing (i) cities, (ii) counties, or (iii) portions of such counties. Those boroughs are not separate local ...
The Virginia Law & Business Review was founded by John B. Esterhay of University of Virginia Law School Class of 2006 and the student-editors of the journal's inaugural managing board. [25] The journal was formed in 2005. [26] It was approved by the faculty of the University of Virginia School of Law in 2005.