Unestablished business damages; lost profits

Va. Code Ann. § 8.01-221.1
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
Damages for lost profits of a new or unestablished business may be recoverable upon proper proof. A party shall not be deemed to have failed to prove lost profits because the new or unestablished business has no history of profits. Such damages for a new or unestablished business shall not be recoverable in wrongful death or personal injury actions other than actions for defamation. 2002, c. 624 .
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/8.01-221.1/Fetched: 10/17/2026

Starting a business in Virginia? Virginia LLC guide: costs and requirements