Business owners in Pennsylvania have a lot on their plate, and dealing with a litigation suit is expensive, time consuming and it takes focus away from building and running the business. Smart owners take steps to avoid any chances of litigation, and they understand...
Business Litigation
Insurance to protect your business during liability lawsuits
Many entrepreneurs in Pennsylvania worry about business litigation. If they run a brick-and-mortar business the possibility of getting sued after an unfortunate accident may weigh heavily on a person’s mind. The unfortunate fact is that no matter how much a company...
When a small business cannot repay its debts
Businesses of all sizes in Pennsylvania struggle with liquidity. This is especially true for companies that sell a product as opposed to a service. Products are assets, but they do not bring in cash until they are sold. If they are sold on credit, then they do not...
Should your business be an LLC or a sole proprietorship?
If you want to open a business in Pennsylvania, one of the first things you must do is register with the state. Before you register, you should decide what sort of business structure you want to use. Certain legal and tax considerations may be different depending on...
Things to consider before entering into a partnership
If you are looking to start a business in Pennsylvania, you may be thinking of getting a partner. While entering into a partnership can be very beneficial for both parties, it can also be a disaster if both sides are not on the same page. Ask yourself and your...
What are the top considerations in a buy-sell agreement?
Buy-sell agreements are a critical component of any partnership agreement. Designed to weather the kinds of life changes that can disrupt a business, these agreements can provide mutual financial protection. To get the most benefit out of a buy-sell agreement with...
Don’t make these mistakes with confidentiality agreements
You have to protect your business if you want to stay operational. That means taking steps to preserve your intellectual property and proprietary information through confidentiality agreements. Confidentiality agreements sometimes get a bad name because of overly...
Anticipatory breach of contract
Your business contracts are important to your success — you expect (and need) the other party to meet his or her obligations. You also fully expect to meet your obligations in return. So, what happens when something doesn’t go as planned and the contract is breached?...
Setting up your partnership safely
If you decide to open a business, one thing you have to do is decide on if you want a partnership with another person or several parties. If so, you need to take some steps to protect yourself and your business in the future Your partnership agreement needs to explain...
Tips to handle copyright disputes in your Pennsylvania business
Business owners of today have access to a wealth of resources that help promote brands, define identities and advertise goods or services. Most of the materials used in such endeavors fall in the realm of intellectual property. Protecting this property is crucial in...