Waivers are used in a variety of business contexts. Essentially, a liability waiver is executed by someone such as a customer or employee of the business and, thereby, the person assumes the risk as set forth in the liability waiver. Over the course of the pandemic, some businesses have attempted to protect...
What to Know About Non-Compete Agreements
Non-compete agreements can be a great way to protect the best interests of your business and are often included within employment contracts. Sometimes, non-compete agreements, which are also called “restrictive covenants,” are signed as separate documents when employees do not have formal employment contracts in place. In either case, these agreements can...
Appealing Denial of PPP Loan Forgiveness
During the pandemic, the Paycheck Protection Program (PPP) offered a lifeline to small businesses working to retain staff despite the hit business had taken. As of May 2021, the SBA reports that almost $800 billion in funding has been provided under the PPP and, while most of the forgivable PPP loans have...
Choosing a Business Structure
When you start out on your business journey, there are going to be many decisions to make. In fact, it may feel like a never-ending to-do list of business decisions you need to make. Thus is the nature of being an entrepreneur, right? One of the biggest decisions you will make, however,...
What Is a DBA and Do You Need One in Pennsylvania?
Is your company incorporated under one name, but wants to operate under a different name? This need can arise under a number of circumstances, but if you find yourself in this situation, you will want to know what steps you may need to take to make sure your business is properly operating...
How to Protect Your Business from Lawsuits
If you are planning to start your own business, you probably know that there are going to be some unavoidable costs of doing business. This is just a reality of entrepreneurship. You should also know, however, that there are some significant, but avoidable costs of business. For instance, being hit with...
To Buy or Lease Business Equipment?
When you are starting up and running a business, there seems to be an endless number of choices to make. For instance, should you buy or lease the equipment you need to run your business? This choice can have significant impacts on your business finances and flexibility, so it is important...
Do You Have a Business Succession Plan in Place?
We pour ourselves into our business. Our time, our money, and so much more goes into building up a successful enterprise and seeing it thrive throughout the years. For all that we put into our businesses, it is surprising that so many people continue to operate their businesses without a business...
What Is a Noncompete Agreement?
In setting up a business for long-term success, there are various agreements that you should consider putting in place. Some employers, for instance, use noncompete agreements to protect operational secrets, marketing strategies, and more. Noncompete agreements, however, do restrict an employee’s ability to seek other employment and, thus, due to the...
What to Include in an LLC Operating Agreement
Have you decided to structure your business as a Limited Liability Company (LLC)? It is a popular choice because it is simple to set up and has minimal compliance requirements. You can also rest easy knowing that your personal assets are protected by the LLC structure. To set up your LLC,...