Dissolving a business partnership is a bit like filing for divorce. You will try to figure out the fairest way to split the property you share with your partner based on your individual contributions to the company. Also, you may have to involve the courts if the two...
Business & Commercial Transactions
The value of a postnuptial agreement when starting a company
You want to start a new business. Perhaps you and your spouse have a great idea or maybe you finished school and are ready to start your professional practice. Those who are already married at the time that they start their business are in a vulnerable position. Their...
Make a plan to prepare for an IRS audit
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...
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...
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...
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...
What should you look for in a business partner?
While bringing a partner into a business can open the door to new opportunities and new business contacts, the success of a partnership often depends on finding the right partner. What should you look for in a business partner? Do you believe that you can work well...