Research by the Small Business Administration indicates home-based businesses make up over half of all businesses in the U.S.  Starting a home-based business can be a great way to get your new business idea off the ground without a lot of overhead, or to simply make some extra money.  Most home-based business owners also rate […]

One of the most commonly asked questions from new business owners who have recently incorporated their businesses is whether they are required to hold annual meetings of the corporate shareholders.  The answer depends on whether your articles of incorporation or bylaws provide otherwise.  If not, then the answer is yes — Pennsylvania’s corporation laws require […]

Whether you are a new business owner, or one who has been running a business for years, one of the challenges you can expect to face in the coming year are slow-paying and non-paying clients.  As part of your effective business management strategy, consider the following suggestions for minimizing slow pays and credit defaults in […]

In our last article, we identified the top five most commonly requested business contracts, and discussed LLC operating agreements.  In this article, we will discuss the next contract in the series:  Partnership agreements. Partnerships differ from LLC’s and corporations.  Often referred to as ‘general partnerships’, this type of business entity is similar in nature to […]

The limited liability company is popular today because it brings the best features of all business forms into one entity.  Generally, an LLC has four basic benefits: limited liability, partnership taxation, management rights, and protection from creditors.  The owners of a limited liability company are the members and the members, managers, or both can manage […]