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,...
Estate planning encompasses a variety of factors. Much of it depends upon having the right documents filled out correctly and keeping them updated with the latest information. Two vital documents smooth out the process of estate panning and administration. Power of...
Because intellectual property is so valuable to your business, protecting it with copyrights, patents and trademarks is essential. However, that will not necessarily prevent someone from using it. Another business may even use it without realizing it is infringement....
Starting a business is challenging, and some people think that bringing on a partner will ease the stress and work. Although a partnership can be an advantageous business decision, it may not always be the right choice. Before jumping into a shared business,...
Your estate plan may include a digital executor and instructions to carry out specific wishes for your online accounts. If they contain digital assets, such as downloadable songs or books, you may need to list them in your will or trust, along with a beneficiary....
To run a successful business, you need to establish a strong foundation for your company to grow. The right foundation starts with selecting a formation for your newest venture, which depends on a multitude of factors. Luckily, there are several business formations to...