Have you heard of a revocable trust, also often referred to as a “living trust?” It can be a great legal tool to add to your estate plans, especially considering a revocable trust, when properly funded, can remove assets from your probate estate. Removing assets from your probate estate means that they...
What to Know About Non-Compete Agreements
Non-compete agreements can be a great way to protect the best interests of your business and are often included within employment contracts. Sometimes, non-compete agreements, which are also called “restrictive covenants,” are signed as separate documents when employees do not have formal employment contracts in place. In either case, these agreements can...
Appealing Denial of PPP Loan Forgiveness
During the pandemic, the Paycheck Protection Program (PPP) offered a lifeline to small businesses working to retain staff despite the hit business had taken. As of May 2021, the SBA reports that almost $800 billion in funding has been provided under the PPP and, while most of the forgivable PPP loans have...
The Importance of Advance Directives
Advance health care directives are an important part of a comprehensive estate plan that is strong in representing and protecting your best interests, as well as those of your loved ones. While it can be difficult to discuss your estate plans and how you want your assets to be distributed after you...
What is the STEP Act?
Some of President Biden’s plans for the federal estate tax have made the news in the past few months. You may have heard plans for increasing the federal estate tax rate, lowering the federal exemption amount, and more. Have you heard of the STEP Act? Sponsored by Senator Chris Van Hollen, and...
Choosing a Business Structure
When you start out on your business journey, there are going to be many decisions to make. In fact, it may feel like a never-ending to-do list of business decisions you need to make. Thus is the nature of being an entrepreneur, right? One of the biggest decisions you will make, however,...
Stop Your Business from Getting Sued
We pour so much of ourselves into our businesses. We put our energy, our money, and our time into them, and so much more. Unfortunately, even the most rapidly growing and thriving businesses can be hit hard when a lawsuit lands in their laps. A lawsuit can not only risk the...
What is Guardianship?
A guardianship is established when a person, who becomes the ward, is deemed incapacitated and, thus, unable to make and communicate informed decisions. Viewed as a restrictive arrangement that impedes the ward’s fundamental rights, guardianship is often seen as a last resort and courts will explore other options prior to the...
Put Estate Plan Update at the Top of Your Moving To-Do List
Did you take advantage of the summer season to relocate? With the nice weather and kids out of school, it can be a great time to move. As we settle into September, and the weather begins to cool and the kids go back to school, you may very well still have things...
What Is a DBA and Do You Need One in Pennsylvania?
Is your company incorporated under one name, but wants to operate under a different name? This need can arise under a number of circumstances, but if you find yourself in this situation, you will want to know what steps you may need to take to make sure your business is properly operating...