Blogs
Converting Your Sole Proprietorship to an LLC in Pennsylvania
Many businesses start out as a sole proprietorship, or “DBA”, and later convert to another business entity type when the business grows. Maybe the business started as a hobby, or the budding entrepreneur wanted to wait to see if his business model would work. Often, first-time business owners are not even fully aware of the […]
Finding the Capital You Need to Start or Grow Your Business
Undercapitalization can doom a new business to failure before it can even get out of the gate. Businesses that lack sufficient cash or other liquid assets to survive through the early stages of growth often fail within the first two years. You may have the training, business experience, or enough good intuition to know how […]
Business Acquisitions in Pennsylvania
We recently discussed some of the basic aspects of business mergers in Pennsylvania. Another common method of combining businesses is for one business to purchase, or acquire, another business. In this article, we will discuss basic aspects of business acquisitions. There are primarily two ways a business can acquire ownership of another business, either by […]
Business Mergers in Pennsylvania
As your business grows and matures, you may consider joining forces with your competition in a business deal known as a merger, or buying out the competition altogether by completing an acquisition. In this article, we will discuss some of the factors involved in a business merger. In a merger, there is no buyer or […]
From Idea to Store Front — Getting Your Business Off the Ground
Starting your own business is a dream and a challenge undertaken by many people every day — from small hobby businesses to multi-tiered, investor-backed corporations. Whether your business-to-be will be successful is subject to a number of factors, but there are certain steps early in the planning process that will help ensure your success. All […]
Enter Construction Contracts Carefully
As the housing market takes its first tentative steps toward recovery, home builders and subcontractors should take time to review their contract terms in light of their experiences during the recession. A little extra planning now can go a long way to ensure contract enforceability in the future. Here are some things to look […]
Business Liability Insurance Coverage
Owning a business has many rewards. With those rewards come risks. One of the more common risks is the chance that a customer could be injured somehow at your place of business. As a precaution, most business carry liability insurance. Liability insurance protects you in the event that someone claims that your business caused […]
Pennsylvania Implements Unemployment Compensation Reform
In June, Pennsylvania Governor Tom Corbett signed Senate Bill 1310 to implement a comprehensive unemployment compensation (UC) law reform. The law is intended to solve two state problems — (1) eliminate nearly $4 billion in debt owed to the federal government by Pennsylvania, borrowed to meet the unemployment compensation demands of the Great Recession; and […]
Does Your Pennsylvania Business Carry Adequate Workers Comp Insurance?
Pennsylvania law requires all employers to carry adequate workers’ compensation insurance. Workers’ comp is an employer-financed, no-fault insurance that compensates employees who have been disabled due to a work-related injury or disease. Employers may secure workers’ comp insurance through a private insurance carrier or through the state fund. Alternatively, employers have the option to be […]
Speaking of Overtime, Who is Exempt?
A common question among employers is whether they must pay overtime rates to all of their employees, and if not, which employees are exempt? While there are exceptions, the general rule is that employees whose primary duties relate to management of the general business operations of the employer and include the exercise of discretion and […]
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