Planning to launch a start-up? It can be one of the most exciting endeavors to take on. When the entrepreneurial spirit takes over, it can make you want to barrel forward at a rapid pace. Setting your start-up on a path to continued success and growth, however, will require a significant...
What Are the Benefits and Disadvantages of Owning a Franchise?
Have you considered owning a franchise? Many entrepreneurs do as it can be a great opportunity to buy into an existing business that already has a solid foundation and structure in place. It is important to know, however, that success in owning and operating a franchise is by no means guaranteed...
What to Consider Before Buying a Business
Buying an existing business can be a great investment and entrepreneurial adventure. As opposed to starting a business from the ground up, buying an established business can come with trained employees and an established base of customers. It can also come with existing cash flow which means you can start earning...
Should I Have a Buy-Sell Agreement in Place?
There may seem like an endless number of legal documents to consider, have drafted, and executed for your business. Yes, there can be a significant amount of paperwork, but there is also a great deal in business that you will want to protect, including the business itself. Planning for contingencies, for instance,...
What is an S Corporation Versus a C Corporation?
Named for the respective parts of the Internal Revenue Code that they are taxed under, C corporations and S corporations have similarities and both can be solid choices for business incorporation. While they may share some important similarities, they also have important differences. Prior to selecting a C corporation versus an...
Selecting the Right Business Structure
When you start a business, it can be an exciting time, but also one filled with important decisions to make that will impact your business for the indefinite future. One such decision will be how to structure your business. There are a number of significant factors you should take into account...
PA Supreme Court Narrows The Test For Independent Contractor In A Special Touch V. Department Of Labor And Industry, 2020 WL 1932622 (PA. 2020)
Employers are generally obligated to pay unemployment compensation taxes for all employees. Significantly, independent contractors are not included as employees, therefore, the unemployment tax for a company with independent contractors is lower. Yet, the Supreme Court of Pennsylvania in the recent Decision of a Special Touch v. Dept. of Labor Industry, has narrowed the...
Service Disabled Veteran Owned Small Business Passes Rigorous Certification Process
Jones, Gregg, Creehan, & Gerace has obtained a Service Disabled Veteran Owned Small Business (SDVOSB) Program verification for Mr. Robert Moore, a veteran with a service-related disability who owns Penny’s Medical Supply, Inc., in Ambridge, PA. Mr. Moore’s medical supply and device wholesale and distribution company will now be given the VA’s...