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,...
Business Law
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...
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...
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...
Could a business friendship lead to an accidental partnership?
Getting started with a new business idea can be an exciting time. Of course, any new venture can be a challenge without the help and support of your friends and family. While you are talking about your vision for your new company, you may find yourself inspiring...
Statistics on business litigation over harassment
Businesses end up in court for many reasons, but you need to pay close attention to allegations of harassment and discrimination if you run a business. From major corporations to smaller firms, the impact of a harassment case can lead to all sorts of problems for...
3 effective strategies for preventing contract disputes
A Pennsylvania contract dispute has the potential to take time, energy and money away from your business. However, there are several things you might do to help lower the chances of a contract dispute arising and affecting your business’s bottom line. Per Inc., you...
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...
