Running a business is complex at the best of times. One of the major issues that you have to worry about is taxation. It’s your responsibility to make sure that your taxes are always paid in full. Each year, it’s typical to work with an accountant or attorney to go...
Philadelphia Probate Law And Commercial Litigation Blog
Should you start a business with your spouse?
Many people like the idea of having a family business. They believe that it makes the business stronger, because it’s all run from the same place. So long as the co-owners are on the same page, that’s usually true. Of course, there are problems that can arise from...
Will leaving your business to one child destroy your family?
As a parent with more than one child, you have already likely learned the difficult lesson that it is impossible to be absolutely equal in your treatment for your children. In fact, doing the same thing for all of them could be unfair as they have different abilities,...
Do I have what it takes to become an entrepreneur?
Having a good business mind and knowing how to approach risk is not something that can be taught. Therefore, it is possible to become a highly successful entrepreneur, even if you don't have any formal education. That said, becoming an entrepreneur and starting your...
Contracts: always a key component, focus for any business enterprise
Small and medium-sized companies are far more than mere participants in the Pennsylvania commercial landscape. Indeed, business enterprises with that denoted scope of operations are the economic lifeblood of local economies at both the state and national level....
Preventing Legal Issues Before They Arise In Your Small Business
When starting a small business, it might seem like there are thousands of factors you need to consider. Getting investors, applying for trademarks and hiring employees are all important parts of a business, but taking steps to protect your company from legal issues...
The benefits of establishing a succession plan
After building your own business from the ground up, it isn't easy to imagine anyone else running it without you. However, succession planning, or the process of establishing who will take over a business when the owner can no longer run it, is essential for ensuring...
Is your small business prepared for the challenges of a lawsuit?
For many large companies, litigation is simply part of the cost of running a business. However, small business owners may not have given much, if any, thought to what may happen if they find themselves targeted by a lawsuit. The fact is small business owners must also...
What type of formation is right for my business?
Starting a business is more than just finally making your dreams a reality. It requires many critical factors – some of which you may have not even thought about yet. One such factor is determining how you want to set up your business. Business formations are crucial...
Approaching divorce when your spouse is your business partner
Your divorce may be especially challenging if your spouse is your business partner. While you two may have built and managed a successful venture together, sharing duties could be difficult going forward. Yet, the prospect of dividing your business is likely daunting,...