As family businesses grow, many reach a point where outside investment becomes a practical way to fund expansion, improve operations, or support succession planning. But bringing in outside capital often raises concerns. How do you maintain control? What happens to the family’s long-term vision? And how do you align a new investor’s...
Evaluating Opportunity Zone Investments: Legal and Tax Considerations
If you're looking to reduce capital gains taxes while making a long-term investment, Opportunity Zones may sound appealing. These zones were created to attract capital to underdeveloped areas by offering investors significant tax incentives. While the potential benefits are real, it’s important to understand the legal and tax rules that come with...
Legal Challenges in Multi-Generational Family Businesses
Running a family business across multiple generations is both rewarding and complex. When relatives are involved in day-to-day decisions, disagreements can become personal, succession can be uncertain, and legal risks may increase. At Jones, Gregg, Creehan & Gerace, we help Pennsylvania family businesses protect what they’ve built while planning for a successful...
7 Questions to Ask a Business Attorney
If you and your business are seeking legal representation, you are going to want to find out about the attorney and law firm you are considering retaining. This involves having one or more meetings at which you will need to find out as much as possible about the firm. This is to...
Guidelines for Drafting a Business Contract
Business contracts are a key part of making sure you get what you bargained for when you make a deal. Where in the past, many businesses could get by on a handshake, in today’s world, if you don’t get it in writing, then you may be setting yourself up for bigger problems...
Benefits of Having a Business Lawyer Present When Signing a Contract
Many experienced business owners have been through contract negotiations and think they can save a few dollars by not hiring an attorney. While this may work out for them, they could be taking an unnecessary risk since they may be missing the many benefits of having a business lawyer present to help...
Taxes and Incentives for New Pittsburgh Businesses
Pittsburgh is not only a great place to live, but also a wonderful city to do business. This is why we have seen so many new businesses start here or relocate to Pittsburgh. If you are considering opening a new business here or moving an existing one to Pittsburgh, then you may...
Benefits of Starting an LLC in Pennsylvania
If you are considering starting a business in Pennsylvania, one of your best options is to form a limited liability company (LLC). A relatively new entity type, the LLC combines the tax and control benefits of a partnership with the limited liability of a corporation. This is why so many new businesses...
What to Know About Business Permits, Licenses and Inspections
If you are involved in certain industries here in Pittsburgh, then it is vital that you understand how the business permitting process works. The state and local governments have a responsibility to have operators like you obtain proper permits for your business, which will also ensure that you obtain and maintain the...
What Businesses Should Know About Intellectual Property Agreements
Intellectual property is intangible assets that can often be the most valuable thing owned by a business. Whether it is the trademark for a brand name or a device that has been patented, owning or having access to intellectual property can give your business a competitive edge. This is vital, especially if...