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Archive for the News Category

Annual Estate Planning Seminar (2016)

2016 Estate Planning Seminar | Layman & Nichols, PC

Presented By Layman & Nichols, P.C. and VMRC Foundation We hope to see you at the Estate Planning Seminar! Saturday, November 5, 2016 9:00am to 12:00pm Detwiler Auditorium Virginia Mennonite Retirement Community 1501 Virginia Avenue, Harrisonburg, VA 22802 Topics covered include: Estate Planning Update for 2016 Elder Law Update Estate and Gift Tax Development Concerns About Using “Online Wills” Reminder About Beneficiary […]

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1031 Exchanges for LLCs: Are Members Allowed to Go Their Separate Ways?

Tax Deferred 1031 Exchanges

When a multi-member LLC contemplates selling a property and wants to do a 1031 exchange, sometimes one or more members may either want to invest in a different 1031-qualified replacement property or to discontinue their real estate investment, take their proceeds and pay their taxes. If other members of the LLC want to do a 1031 exchange, a drop and […]

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What Makes a Good Operating Agreement


An operating agreement is a governing document between the members of an LLC (Limited Liability Company). This agreement outlines the governing structure of an LLC, the members’ roles, managerial duties, and financial rights. A well-written Operating Agreement should contain the following: Identification of key members of the LLC An outline of each member’s roles and responsibilities within the LLC Determine […]

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Upcoming (F-R-E-E) Seminars

Karen L. Rowell, Attorney

Layman& Nichols, P.C. have some wonderful, educational and f-r-e-e seminars coming up you won’t want to miss! These seminars are presented by Karen L. Rowell, Esq. LOCATION: 268 Newman Avenue (The Anchorage) downtown Harrisonburg RSVP (limited to the first 20 participants) 540.433.2121 Newly Married? Young Children? Baby on the Way? It’s Time to Prepare a Will! Saturday, September 12, 2015, 11am […]

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Affordable Care Act Tax Penalty: 2014, 2015, and Beyond

Doctor | Layman & Nichols Law

By Dean ‘Mac’ Nichols, Attorney Did you have health insurance in 2014? Beginning January 1, 2014 the Individual Mandate of the Affordable Care Act (ACA) was put into effect. The Individual Mandate requires you to maintain government approved coverage throughout the year. If you chose not to obtain qualifying health insurance or if you do not qualify for an exemption you […]

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Annual Estate Planning Seminar (2014)

2014 Estate Planning Seminar | Layman & Nichols, PC

By Dean ‘Mac’ Nichols, Attorney Come join us at our informative annual Estate Planning Seminar! Presented by: the Law Firm of Layman & Nichols, P.C. Saturday, December 6th, 2014, 9:15am to 11:30am Virginia Mennonite Retirement Community – Detwiler Auditorium 1501 Virginia Avenue, Harrisonburg, VA 22802 Topics covered include: Current developments in Estate Planning Proper design of wills for parents of minor […]

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National Preparedness Month

National Preparedness Month | Layman & Nichols Law

By Dean ‘Mac’ Nichols, Attorney   Did you know that September was National Preparedness Month? This year will be the eleventh annual, month-long holiday, which was created by the Federal Emergency Management Agency (FEMA) in the US Department of Homeland Security. Throughout the month, there were activities to promote emergency preparedness all across the country. Last year, more than 3,000 organizations—national, […]

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