When your business performs work for a corporation or an LLC, you may extend thousands of dollars of credit to an entity that does not have the ability to pay what will be owed, sometimes relying on the individual owner … Read more
Category: Business and Finance
Buyer Beware: Before Purchasing a Business, Take Steps to Protect Against Potential Liability for the Seller’s Unpaid Taxes
A purchaser of the assets of a business oftentimes does not understand that they (or the acquisition entity they form for the purpose of the transaction) may be liable for unpaid taxes and other payments owed to the Commonwealth of … Read more
Selling Your Business? Consider Asking Potential Purchasers to Sign an NDA Before Providing Sensitive Business Information
At the outset of discussions about the potential purchase of a business, the purchaser will typically request that a business owner disclose certain information about the business for the purchaser’s consideration in deciding whether or not to make a purchase … Read more
Operating as a Sole Proprietor? Consider Forming a Single-Member LLC Instead
Many business owners continue to operate their business as a sole proprietor despite the fact that a sole proprietorship offers no liability protection for him or her. The reason for this decision is oftentimes a desire to avoid the additional … Read more
Business Owners: If You Are Using a Form Contract, Ensure The Proper Protections are in Place
Although many business owners use a form contract with their customers, the business owners often fail to include the proper protections for their business in the contract. For example, business owners frequently fail to include a provision in their contract … Read more
Starting a Construction Project? Consult our Business & Finance Department
Construction projects are generally subject to contract provisions adopted by the American Institute of Architects (AIA) or other national industry groups such as the Engineer Joint Contract Documents Committee (EJCD). If you are involved in a contract dispute or other … Read more
Utilizing the Calm before the Storm – Suggested Steps to be taken in Advance of the Sale of a Closely-Held Business
By Paul T. Rushton, Esq.
The sale of a closely-held business is typically one of the most important and stressful events in a business owner’s life. The dual challenge of addressing the requirements of selling a business while continuing to … Read more
Are You Doing Enough To Protect Your Brand Name? Understanding and Utilizing The Protections Afforded To Names And Trademarks
By: MaryJo Kishel, Esq.*
If you are like most business owners, the protection of your brand name is very important to you. However, many business owners make the mistake of assuming that they own the exclusive rights to their brand … Read more
Selling a Business? Develop a Strategy for Obtaining a Market Deal
As part of the negotiation of the terms and conditions that will govern the sale of a business, the selling party should develop and implement a strategy for obtaining a “market” deal (i.e. a deal that includes standard terms and … Read more
Attention Non-Profts: Our Attorneys Can Assist you with your Governing Documents
Non-profit corporations are typically formed for the purpose of furthering one or more charitable causes. In most cases, non-profit corporations are governed by a Board of Directors comprised of well-intentioned individuals who are volunteering their time for the benefit of … Read more