Sending your kids off to college can be an emotional time. They are leaving the metaphorical nest and forging their own path ahead. It marks a change in the parent-child relationship, for sure. A parent’s job, however, is never really done. Even when your kid is off at college, they will still...
Choosing the Right Business Partner
Sometimes business partners form their business form the ground up together, right from the get-go. Other times, a person may start a business or come up with a business idea and then decided that the business could benefit from bringing in a partner. Of course, engaging in a business partnership is...
Business Contract Liquidated Damages Clause
When we put a business contract in place, we hope that everything works out as it should. We hope that the other party upholds their end of the bargain and that things proceed smoothly. Unfortunately, this is not always the case. Breaches not only occur in business contracts, but they are...
Trustee Options
If you are considering including a trust in your estate plan, you may have already begun thinking about who you want to serve as trustee. You may think about selecting a friend or a family member to serve in this role. You may want to appoint a friend or a professional...
Taxes to Consider When Estate Planning
If you have started thinking about estate planning, congratulations are in order. You have taken an important step to protecting a future you want for yourself and your loved ones. Estate planning is a multifaceted operation. It involves a lot of different considerations and pinning down many moving parts. With all...
What are Adhesion Contracts?
In running a business, it is likely that you will encounter a large number and wide variety of contract types. You are also likely to use a number of different contracts in running your business. Sometimes, there will be recurring contracts that need to be signed by clients, customers, and other...
Professional Corporations
Are you looking to form a business with a group of fellow licensed professionals? Whether you are a doctor, attorney, architect, public accountant, or a member of a profession requiring some kind of licensure, you may be interested in registering your business as a professional corporation with the Pennsylvania Secretary of...
The Benefits and Drawbacks of a Living Trust
Maybe you have only thought about estate planning, but have yet to put a plan in place. Maybe you have put an estate plan in place, but need to review and update it. Whatever stage in the estate planning process you may find yourself in, it is always a good thing...
Comparing a Conservatorship and a Power of Attorney
There are so many legal terms in the estate planning world. The legal jargon can be overwhelming and frustrating. Estate planning is, after all, important. It is the time to put key legal protections in place that safeguard a future you want for yourself and your family. To help you wade...
Subchapter S Versus Subchapter C Corporations
Subchapter S and Subchapter C Corporations may be similar in name, but they have some key differences of which you should be aware. After all, how you set up your business will have a profound impact on how it is set up, taxed, and run. With such a foundational choice like how...