Companies may decide to combine operations with another business for a variety of reasons. Perhaps a competitor or a company in an adjacent industry has valuable intellectual property. Employees, facilities and brand reputation can also be driving forces behind a...
Business Law
What is business succession planning?
Business succession planning is about an organization’s leadership thinking ahead to be sure that the business has the talent and experience in reserve that it may need to replace a key role, sometimes on short notice. After all, people change jobs frequently in the...
What is the qualified business income deduction?
Pennsylvania businesses can use a boost in today’s variable market, especially when it comes from the Internal Revenue Service. Although there was some trepidation about how the current administration was planning to change tax law, it has largely left untouched one...
Dissolving an LLC in Pennsylvania
Many Pennsylvania business owners are aware of the possibility that their business will not generate enough profit to warrant staying open. Even business owners who are successful may want to pursue other endeavors or to spend time with family. Business owners who...
Choose the right form for your new business
When you are starting a new business, you may be paying attention to your products and services, your business partners and employees, your potential customers and many other factors. All of those things are more than enough to keep you busy. However, it’s also...
Can a government agency terminate my contract at will?
Obtaining a government contract will be seen as a boon to many businesses. After all, it can provide a steady and reliable income stream not always found in private contracts. But government contracts are not without their potential drawbacks, as evidenced by the...
The importance of succession planning
No matter if a company is small, new and a start-up or one that is large and has been in operation for decades, certain business planning should take place to ensure the longevity of the company. A CEO and other executives of a company are imperative to the successful...
Pennsylvania small businesses have a state option for loans
Pennsylvanians who have an idea for a product or service and want to start a business will have much to consider. One of the fundamental aspects of starting a business is having funding. While it is possible to go to a bank or other lending institution to get a loan,...
What is the purpose of a letter of intent?
Hazleton business owners considering a business deal such as a merger, acquisition or partnership may have heard of the term “letter of intent” and may wonder what it is, and if it is necessary or helpful. A letter of intent is a written agreement between two parties...
The importance of a business operating agreement
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...