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...
Time to Get a Power of Attorney for Your College Kid
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...