Creating compelling and legally binding contracts is crucial for the success and protection of small businesses. Small business owners in Pennsylvania can establish strong, clear, enforceable agreements that protect all parties involved by following certain steps and ensuring proper legal review.
Best Ways To Approach Contract Drafting...
What Are The Executor’s or Estate Administrator’s Responsibilities Under The Inheritance Laws In Pennsylvania?
What happens when someone passes away in Pennsylvania without a will? And what does the appointed estate administrator need to do as part of their responsibilities? In Pennsylvania, as in other states, the interplay between inheritance laws and the role of the administrator is a crucial aspect of the probate and...
Operating Agreements – Why They Matter for Pittsburgh LLCs
Operating agreements are crucial documents for any Limited Liability Company (LLC), including those established in Pittsburgh. Essentially, they are written agreements among the LLC members (owners), setting forth guidelines for their business relationship and operational procedures. These agreements cover significant topics such as the distribution of profits and losses, management structure,...
Why It Is Important To Update Your Powers Of Attorney
Updating your Power of Attorney (POA) in Pennsylvania is an important legal step to ensure that your affairs will be handled according to your current wishes in case you cannot decide for yourself. Whether your life circumstances have changed due to marriage, divorce, a move, or simply the passage of time,...
Types Of Contracts You Should Never Sign
When it comes to business, there are several types of contracts that you should approach with caution or potentially avoid signing. The specifics can depend on the industry, the size of your business, and your specific circumstances. There are certain contracts that it would be advisable not to sign, no matter...
How To Create A Contract For Your Business
Creating a contract in business is essential because it helps to establish a transparent, legally binding agreement between parties. It sets out the expectations, roles, and responsibilities of all involved, decreasing misunderstandings and potential disputes. Contracts ensure a written record of the agreed-upon terms, which helps to clear up any discrepancies...
How To Collect A Debt Owed To An Estate In Pennsylvania
It is not uncommon for estates to find themselves in the position of creditors, owed money by individuals, businesses, or other entities. Within the context of collecting a debt on an estate in Pennsylvania, discussing the procedural steps for creditors, the legal avenues available, the challenges that may arise in recovering the...
How To Handle Your Estate Planning When A Large Amount of Debt Is Involved
When you have a large debt, estate planning requires careful consideration to ensure your assets are distributed according to your wishes while addressing any outstanding liabilities. The process involves evaluating the size and nature of your debt, understanding how debts are settled from an estate, and taking steps to protect your...
How Your Small Business Can Benefit from a Business Lawyer
When many people think of a business attorney, they think of large legal teams working for mega-corporations. However, small companies make up the backbone of the economy in the United States. If you own a small business, there are many different ways your small business can benefit from working with an...
Do You Need an LLC for Your Small Business?
When starting a new business, you'll need to make several important decisions, including what type of legal entity your business should be. Pennsylvania recognizes multiple business legal structures, including sole proprietorships, limited liability companies (LLCs), partnerships, and corporations. Whether you should create an LLC for your small business depends on your income,...