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...

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...