Planning for core changes among a business’s key players is essential to help ensure its longevity. A business is not often placed in such a strong cone of uncertainty as when business leadership is up in the air. To calm the rough waters that can be in place when a business’s leadership...
Leaving Money to Heirs with Spending Problems
Most of us know someone with spending problems. Money management issues can come from being financially immature. It can come from being in an unhealthy relationship where they have little to no say in their finances. There may be an addiction issue at play. Regardless of the reason, struggling with spending problems...
Considerations in Drafting Incentive Compensation Plans
An incentive compensation plan can be a great motivator for your employees. In fact, with the right plan in place, you can effectively encourage those desirable behaviors in your employees and fairly awards them recognition for their contributions. In order to not only help ensure that your incentive compensation plan is effective,...
What to Include in Your LLC Operating Agreement
While an LLC operating agreement is not always required in some states, it is still a good idea to put one in place. After all, such an agreement will establish the guidelines for the management and operation of the LLC. Setting down the details of your LLC operations can be critical in...
What Happens When a Person Dies Without a Will?
Dying without a will is referred to as dying “intestate.” As such, a state’s intestacy laws will apply in the event that a person dies without a valid will in place. Pennsylvania’s intestate succession laws come into play to direct where a deceased person’s assets should go in the event that...
Guardianships in Pennsylvania
At some point, a loved one may become incapacitated due to injury, illness, or simply old age. Regardless, it could leave them unable to make critical medical or financial decisions for themselves. Without a legally designated decision-maker, their well-being could be put in serious jeopardy. In such a situation, a Pennsylvania guardianship...
What to Know About Will Contests
In the event that a decedent has a valid will in place, the will proceeds through the probate process and, eventually, the assets of the estate are distributed to the beneficiaries according to the terms of the will. Sometimes, however, the validity of a will is questioned. In this case, a person...
What is Business Law?
What exactly is business law? This is a great question and the answer may actually bring some surprises to many. That is because the breadth and variety of issues handled in the business law realm are more expansive than most people may realize. Sure, we business law attorneys deal with business...
Common Types of Business Disputes
Those in the business world are usually no strangers to disputes popping up. Those entering the business world are likely to confront the same challenges. Regardless of your business type, the industry you are in, or the size of your business, it is all too likely that, at one point or another,...
How Do You Dissolve a Corporation?
When you establish a corporation, it will technically have an indefinite lifespan. A corporation will exist unless affirmative steps are taken to dissolve it. Instead of leaving your corporation in legal limbo, if you want to end it, then take the steps necessary to dissolve it. Here’s how this can be...