An operating agreement is essentially a contract between business members outlining how the business will be run. Having an operating agreement is not required for Pennsylvania businesses; however, having one is still strongly encouraged to avoid internal conflicts...
Year: 2021
I’m an executor. Now, what?
For some of us, we have gotten the executor call. It is the call from a loved one who is doing their estate plan, usually by themselves or with an online form, and they want to know if we can be their executor. Some of us probably said, “yes” without even knowing what...
Is it time to review your estate plan?
When Pennsylvania residents get their estate plan completed and executed, they probably feel a great sense of relief. No problem with that – it is something to take pride in, since many people never even get around to having an estate plan drafted. But, once the plan...
When should parents consider a special needs trust?
Parents of special needs children in Hazelton realize that their future will look very different from their counterparts. They understand that their child will need their help, emotionally and financially for much of their adult lives. Parents of special needs...
Knowing zoning regulations essential when buying property
There are many different reasons that businesses decide to purchase commercial property in Pennsylvania. They typically purchase the property for specific purposes. They may need to have a warehouse in a certain location, they may need a new office, a larger facility...
Are verbal promises legally enforceable contracts?
A lot of small businesses try to cut their expenses and simplify their operations. This is understandable, especially given the fact that taking steps to increase efficiency can lead to increased output and profits. But when these measures include foregoing legal...
How can you make your estate plan a success?
When Pennsylvania residents are finally ready to sit down and get started on their estate plans, usually their first question is: Where do I start? That is understandable, as there are many different options when it comes to estate planning and each person’s estate...
Seven tips to creating a strong contract
As a Pennsylvania business owner, one of your biggest responsibilities is ensuring your business is protected. You have worked hard to create and maintain a thriving business and making a mistake can be costly. When you reach a deal with a supplier or client, you...
Is it time to incorporate your business?
The business that has been in your family for generations may have grown from a small family-run enterprise in Hazleton to a large company with many workers, many customers and significant assets. Managing a large business differs from running a small business, but...
4 missteps to avoid when investing in commercial real estate
As the U.S. economy appears heading toward recovery, it may or may bring along with it the commercial real estate market. Time will tell, but economists speculate that the commercial real estate market likely will take longer to bounce back as companies reexamine...