Many people have taken steps to provide for their loved ones for when they are no longer here. Whether they set up a will or a trust, they have taken estate planning steps to make sure that issues are addressed to ensure the payment of expenses and the smooth transfer of assets...
Comparing Joint Ventures and Strategic Alliances: Which is Right for Your Business?
Many times, businesses find that they need something they cannot provide in house and see the benefits of collaborating with another entity. This may be because the other business owns a process or component needed to produce a certain product, or has a sales and marketing network in a market that their...
The Pros and Cons of Forming a Professional Corporation in Pennsylvania
Many people engaged in professional practices simply hang out a shingle, doing business under their own name. While this might seem fine for solo practitioner attorneys, accountants, and physicians, it is not an ideal situation. They may be missing out on many of the benefits afforded by forming a professional corporation here...
Understanding Commercial Real Estate Leases
Negotiating a commercial real estate lease is often one of the most critical aspects of starting or operating a business. Knowing what goes into a commercial lease and how to negotiate favorable terms can help your business achieve operational success.
Types of Commercial Real Estate LeaseCharitable Remainder Trusts: Balancing Philanthropy and Estate Planning
A charitable remainder trust (CRT) is a type of trust that allows you to contribute to a charitable cause while receiving a financial benefit. When you create a CRT, you transfer assets—such as cash, stocks, or property—into the trust. These assets are then invested, and the trust pays you or another designated...
Navigating Business Partnership Disputes Without Going to Court
Are you looking for a way to resolve a business partnership dispute without lengthy and expensive court proceedings? Out-of-court solutions like mediation and arbitration can save time, reduce costs, and keep the focus on preserving your business. Here’s what you need to know about how to resolve partnership disputes without court intervention.
Employee Handbooks: Why They’re Crucial for Your Business
An employee handbook is a crucial tool for any business, big or small. It serves as a guide for employees, explaining what your company expects from them and what they can expect from the company, which can help your business run more smoothly.
How an Employee Handbook Can...
Year-End Tax Planning Tips for Businesses
Few things can be as nerve-wracking for small businesses as planning for tax season. While you have been busy trying to make money and keep your business running, in the background has been the need to get the information you need ready for filing with the IRS. Still, taxes are a fact...
Trademark Law Basics for Entrepreneurs
If you are looking to protect the intellectual property of your business, there are a number of steps you can take to make sure that your competitors cannot steal what you have worked hard to create. For example, you can protect any unique process or formula with a patent, while any printed...
What to Know Before Entering into a Joint Venture
Many businesses are able to create new products and bring them to market all through their own processes. But sometimes keeping everything in house is not the most efficient or effective way to do business. In addition, another company may have a patented process or device that you want to incorporate into...