When the real estate market is especially tough, you may find yourself in a bidding war over a commercial property. If you really want to secure the property, you will have to find a strategy to win. Fortune Builders explains that a bidding war does not always end if...
Month: April 2021
The value of proactive business succession planning
When business owners in Pennsylvania think of planning for their future, they may focus on developing competitive strategies, growing their customer base or expanding their product line. However, planning for the sustainability of their operations is equally as...
Preparing a plan for family business succession
Similar to estate planning, business succession planning is more effective when people take care of it long before they think it is necessary. The process of passing the family business to one or more heirs could take 10 years or more, and without the plan, they may...
Should I write a business plan?
Starting a business is an exciting and sometimes overwhelming first step for any new business owner. As you pursue mountains of legal paperwork and register a name, perhaps you've wondered if you need to write a business plan. Although business laws vary by state, the...
Understanding the purpose of living trusts
Even though the majority of Americans know what a will is, most are far less familiar with the power of living trusts. In reality, most Americans could benefit from using a living trust as a cornerstone of their estate plan, just like a will is. The two main varieties...
What are ways to plan my business succession?
You probably plan for your business to exist as a thriving entity after you step down or retire, so you want to have a solid succession plan in place so that the right person will succeed you. A succession plan is important to start on as early as possible and can...
Security deposits for rental agreements in Pennsylvania
Pennsylvania state law dictates agreements between landlords and tenants. The Pennsylvania Landlord and Tenant Act dictates what can be in a legal rental contract as well as suitable actions between the two parties outside of the contract. These laws determine how...