Whether it is due to financial issues, you wanting to move on to something new, or something else, closing your business is not as simple as locking up the doors and walking away. If you are planning to close your Pennsylvania business, there are certain steps you are going to need...
Incentive Trust Basics
Considering the legacy you wish to leave your loved ones is a big idea to grapple with when you are estate planning. While you may be certain that you want to provide financial resources to your beneficiaries after you pass away, you may worry about how they will spend the inheritance you...
The Keys to a Successful Business Merger
A business merger can be an exciting time full of promises of growth and continued success. It can also, however, be a great source of anxiety for those on either side of the table. Fortunately, there are certain steps that everyone involved in the business merger can take to help ensure...
Irrevocable Trust Basics
If you have only just dipped your toes into the world of trusts, you may find yourself slowly backing away as the sheer amount of information can be overwhelming. There are many different types of trusts that can serve a variety of purposes. Knowing what is what can quickly become confusing when...
Duties of a Trustee
A trustee can be a person or an institution, but the fact remains that the role of a trustee is an important one. A trustee is appointed to manage a trust for the benefit of trust beneficiaries. The trustee must, at all times, manage the trust in the best interests of trust...
Common Business Disputes
What Are the Most Common Business Disputes in Pennsylvania?
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Even the best-run companies encounter disagreements. Business disputes often arise from unclear contracts, broken agreements, or conflicts over employee relations and company policies. In Pennsylvania, business owners face a range of legal issues that can threaten operations and...
Starting Your Own Business
Have you ever thought about starting your own business? Even those who have a solid vision for their business may still find the prospect of setting up shop daunting, to say the least. Sometimes, it is best to start with the basics. Make a list of concrete steps you need to...
What is a Force Majeure Clause?
Business contracts can be essential to helping ensure business deals go right. They can also be essential in protecting you and your business should things go wrong. Over the past few years, for instance, the pandemic has forced many business dealings to go south, with no fault on the part of the...
Partnership Agreement Value Standard
A partnership has many important provisions that will guide the business through the good times and the tough times. Transitioning periods can fall into either or both of these categories. For instance, if one partner wants to leave the partnership, it can be an opportunity for them to leave an endeavor to...
What to Include in Your Living Will
Many people underestimate or do not consider the peace of mind that can come with putting a comprehensive estate plan in place. A comprehensive estate plan, after all, includes much more than your average last will and testament directing where your assets and belongings are to go after you pass away. For...