Richa Y. Fortuna

Richa Y. Fortuna

ASSOCIATE
rfortuna@wtplaw.com
FALLS CHURCH
T: 703.573.1037
F: 703.259.6539



Ms. Fortuna focuses her practice primarily on business and corporate law and mergers & acquisitions. She represents companies with respect to structuring financing, negotiating and consummating mergers, acquisitions, divestitures, business combinations, distribution and license agreements, partnership and LLC agreements, and shareholder agreements. 

Ms. Fortuna has experience working with small and middle market companies with respect to a broad range of commercial issues including entity formation and planning, corporate governance issues, joint ventures and investments, equity arrangements, ownership structures and exit strategies.

Memberships & Activities

  • Member & Development Editor: Virginia Bar Association's Opening Statement
  • Member: Fairfax Bar Association, Co-Chair of the Business and Corporate Law Section
  • Volunteer: Girls on the Run

ARTICLES

The IRS Determines Nonprofit Corporations Can Reincorporate Without Filing a New Exemption Application

In the new Revenue Procedure 2018-15, the IRS has indicated that it will generally no longer require a new tax exemption application from a Section 501(c) organization that changes its form or place of organization. This change will make it easier for an association or other nonprofit corporation to take advantage of the benefits of re-incorporating in a state that is either more convenient or a state that may have more favorable laws governing nonprofit corporations. 


Are You Secure? - Security Concerns for Community Associations

Community associations, their managers, board members, and members are justifiably concerned about security.  Whiteford, Taylor & Preston, LLP serves community associations in Delaware, Maryland, the District of Columbia, and Virginia.  Attorneys licensed to practice in each of the these jurisdictions discuss specific security concerns for each below.

HAM Radio Legislation: Why it Matters to Community Associations

“Ham radio” refers to amateur radio operations and antennas, which has a surprisingly large following among local hobbyists and enthusiasts.  While the federal Telecommunications Act of 1996 ( “Telecommunications Act”) is the ultimate authority on regulating satellite dishes and television antennas, it does not apply to amateur radio (“ham radio”) antennas.  The Telecommunications Act prohibits community associations from restricting a property owner’s right to install a satellite dish or television antenna on property exclusively within the property owner’s control. The Act’s protections, do not, however, extend to ham radio operations. The Federal Communication Commission’s (the “Commission” or “FCC”) PRB-1 document, an 11 page Amateur Radio Memorandum Opinion and Order, provides that local governments must reasonably accommodate amateur operations, but these regulations do not extend to private land-use restrictions such as deed covenants, conditions, and restrictions (“restrictive covenants”).


2016 Virginia Legislative Updates and Annual Checklist

The Virginia General Assembly approved a number of bills in the 2016 legislative session which impact, directly or indirectly, common interest communities, and the Governor of Virginia signed the following bills into law.

These new laws amend the Virginia Property Owners’ Association Act (Va. Code Ann. 55-508, et seq., as amended (1950)) (the “POA Act”), the Virginia Condominium Act (Va. Code Ann. 55-79.39, et seq., as amended (1950)) (the “Condominium Act”), and other statutes that may affect common interest communities. These new laws will take effect on July 1, 2016. Below is a brief summary of the legislation that directly or indirectly influences common interest community associations.


NEWS