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...
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...
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...
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...
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...
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...
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...
After months of searching for the perfect location for your Pennsylvania-based business, you think that you found the one. Before signing a contract, what due diligence should you prioritize though? Business News Daily dives into some areas to research before agreeing...
Trusts are valuable estate planning tools, and there are many types of trusts available under Pennsylvania law. All trusts require a trustee. The trustee’s job is to follow the terms of the trust, manage the trust’s assets, handle distributions and pay all necessary...
Choosing the right entity — or structure — for your business is a major decision. The various different types of business entities each have a different impact on taxes, legal liability, operational requirements and more. In addition to sole proprietorships,...