by Scolieri-Beam Law Group, P.C. | Jun 1, 2012 | Business Articles, Corporate Law
A general partnership is a joint venture undertaken by two or more people. A partnership may have a very limited purpose, such as a single asset real estate venture, or it may be the foundation of a large business. If you have one or more business partners, and you...
by Scolieri-Beam Law Group, P.C. | May 30, 2012 | Business Articles, Corporate Law
A sole proprietorship is the most common and simplest type of business entity. If you are running a business without partners, and you did not take steps to establish a corporation or limited liability company, then your business is by default a sole proprietorship....
by Scolieri-Beam Law Group, P.C. | May 28, 2012 | Business Articles, Corporate Law
You’re on your way to starting a business. Maybe your business plan is already finished and your financing is secured. If you haven’t settled on which type of business entity you should form, now is the time to investigate your options and make a decision. Last...
by Scolieri-Beam Law Group, P.C. | May 24, 2012 | Business Articles, Corporate Law
In this series, we will discuss some of the types of business entities legally recognized in Pennsylvania, including LLC’s and the most common types of corporations and partnerships. An LLC, or Limited Liability Company, is a creature of statute that must be formed...
by Scolieri-Beam Law Group, P.C. | May 22, 2012 | Business Articles, Corporate Law
Starting your own business is an exciting and challenging endeavor, chock full of surprises, risks, and rewards apt to pop up at any point along the way to success. Whether your business-to-be will be your hobby or your livelihood, there are certain steps early in...
by Scolieri-Beam Law Group, P.C. | May 18, 2012 | Corporate Law
One common reason many new businesses fail within the first two years is undercapitalization. That means, simply, that the businesses did not have sufficient cash or other liquid assets to survive through the early stages of growth. If you are serious about...
