Blogs
Businesses Must Be Sure UCC Financing Statements Are Not ‘Seriously Misleading’
In our last two articles, we discussed some facets of perfecting security interests under UCC Article 9. One part of a financing statement that cannot be neglected is the debtor’s name. While it may seem like an obvious area of caution, a debtor’s name must be listed with specificity and attention to detail. A minor […]
Business Tips for Suppliers Who File UCC Financing Statements
Businesses that sell personal property and do any amount of financing of those products should be familiar with preparing and filing financing statements to perfect their security interests. UCC Article 9 governs security interests, including purchase money security interests, or PMSIs. A PMSI is an interest in goods purchased directly from a secured party, or […]
Does Your Business Need to Register as a Foreign Corporation in Pennsylvania?
Whether a business needs to obtain a license to do business in Pennsylvania as a foreign business corporation depends on the definition of ‘doing business.’ Pennsylvania Business Corporation Law is silent on what “doing business” means in Pennsylvania, but over time case law has defined some activities that do not constitute “doing business” […]
Which Corporate Activities Require Shareholder Consent in Pennsylvania?
Businesses incorporated in Pennsylvania must abide by the Pennsylvania Business Corporations Law (BCL). The BCL sets out certain business activities that may not be carried out lawfully without shareholder consent. The general rule is that a corporation may require shareholder approval for any specific action by setting out the requirement in the by-laws or articles […]
Some Tax Benefits of Starting a Business
Starting a business can be a rewarding endeavor, but doing so requires careful planning and decision-making. One of the most important items on a prospective entrepreneur’s to-do list should be tax planning, both personally and for the future business. Correct tax planning can help maximize the rewards of owning your own business. As you consider […]
Business Basics — Pennsylvania Sales Tax
In recent articles, we’ve highlighted some important factors to consider when starting your new business. In this article, we will discuss Pennsylvania sales tax basics to help you get started in the right direction. The very first thing to consider is whether you plan to sell products or provide services for which sales tax must […]
Don’t Forget To Plan for Taxes When Starting a Business in Pennsylvania
New business owners have many things to do to get ready for opening day. One of the most important items on the list is planning for taxes. If you expect to have employees, you will need to make sure the necessary accounts are in place to comply with Pennsylvania’s withholding tax requirements. Employers are […]
Business Basics — What is the Break-Even Point?
If you are thinking about starting your own business, or considering ways to increase your profits, the best way to increase profits is to start at the beginning. For small business owners, that means calculating your regular overhead to find your break-even point. Most businesses have fixed expenses due every month, such as rent, insurance, […]
Business Basics — Essential Record Keeping
In recent articles, we’ve highlighted some important factors to consider when starting your new business. In this article, we will discuss why it is important to keep good records and some options for keeping your files in order. First, what’s the big deal about record keeping? Good records are the best way to monitor the […]
Sources of Capital Funding for Businesses
Finding capital funding for a new business or to grow your existing business can be a daunting job. But unless you plan to fail, you will have to make arrangements to have capital on hand to pay for unexpected expenses and to make it through slow seasons. The simple fact is that businesses without sufficient […]
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