Business & Commercial Law

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Hoover Penrod proudly serves as general counsel for a wide range of companies in Virginia’s Shenandoah Valley. From small developing businesses to middle-market and well-established companies, we provide personalized advice and complete legal services that help your business grow. We have the knowledge and expertise to guide you through the legal requirements and technicalities that your business must comply with to ensure its wellbeing.

Our Business & Commercial Law Services

Managing the Life Cycle of Your Company

We partner with you to manage all of the issues involved in a company’s life cycle, including:

    Business Creation and Governance

    We assist clients with entity formations, bylaws, shareholder agreements, LLC operating agreements, matters relating to governance structure, disputes, deadlock, etc.

    Business Operation

    We regularly represent businesses as operational entities, routinely advising them on the best way to manage ongoing operations and protect their interests.

    Transactions and Acquisitions

    We negotiate, draft, and review commercial contracts with suppliers, distributors, venders, etc.; draft and review purchase contracts; and advise on real estate matters, governmental approvals, asset purchases, asset sales, and financing.

    Employment Law

    We supply our business clients with employee handbooks, contracts, non-compete agreements; advise them on compliance, disciplinary and termination matters; and, when needed, provide litigation services. Read more about our Employment Law services.

    Commercial Collections

    We handle collections for businesses and banks quickly and deftly to capture value whenever possible. We provide guidance to your in-house collection personnel, implement systematic collection strategies to efficiently obtain judgments on your behalf, and we are experienced in a wide range of post-judgment collection procedures (garnishments, levies, creditor’s bills, sheriff sales, foreclosures, UCC sales, etc.) and know how and when to utilize the proper collection tools at your disposal. We frequently provide clients with services relating to workouts and bankruptcy, enabling them to collect funds in situations where recovery would be otherwise doubtful.

    Succession & Dissolution

    We can assist you with succession planning, generational transfers, split-ups, dissolutions, executive exits, restructuring and workouts, and bankruptcy services.

    We can spend time on-site at your business to understand and assess the values, environment, and people that shape your business – and the needs that will affect your bottom line.

    We focus on serving small, privately-owned business enterprises, including start-ups, family-owned businesses, mid- to large-sized entities, suppliers and service providers, and affiliates. We can help you develop a sound business strategy and find practical solutions to multi-faceted business problems.