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
Category: Business and Finance
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
Selling Your Business? Carefully Consider All Offers
As business owners are approached about selling their business, they must carefully consider the purchase offers that are presented to them to determine if the terms are advisable. For instance, a key issue is oftentimes the portion of the purchase … Read more
Business Owners: Do Your Corporate Records Require a Tune-Up?
The owner of a vehicle should have a tune-up performed on his or her vehicle on an annual basis to ensure that it continues to perform well. Similarly, the owner of a Pennsylvania corporation must attend to the corporate records … Read more
Learn How to Protect Yourself from Shareholder Divorce
A dispute between two or more of the owners of a closely-held business, oftentimes called a “shareholder divorce,” can lead to costly and burdensome litigation. To protect against protracted disputes of that type, our Business & Finance attorneys typically recommend … Read more
Attention S Corporation Shareholders: We Can Assist with Mergers and Acquisitions
Due to certain changes in mergers and acquisition practice in recent years, including the frequency with which S Corporation targets are required to effectuate an F Reorganization prior to the consummation of the deal and that “roll-over equity” comprises a … Read more
Community Involvement Spotlight: Paul Rushton and United Way of Wyoming Valley
For this week’s Community Involvement Spotlight, we recognize Paul Rushton’s service with United Way of Wyoming Valley and the important work they do to combat childhood poverty in our area.
Through their signature initiatives, their partner agencies, and the efforts … Read more
Consider If New Employees Should be Required to Agree to Any Restrictive Covenants as a Condition of Employment
As employers plan for their hiring needs for 2024, they should also consider if new employees should be required to agree to be bound by any restrictive covenants as a condition of employment. Restrictive covenants, such as non-competition, non-solicitation, non-raiding, … Read more
Community Involvement Spotlight: Lee Piatt and the Wyoming County Community Health Foundation
One “Size” Does Not Fit All – Recent Labor and Legal Developments Suggest More Judicious Use of Non-Competition and other Restrictive Covenants Co-Written by Paul T. Rushton
Non-compete agreements are tools utilized by employers to protect their interests, including the employer’s trade secrets, customer goodwill, and other proprietary business information. However, in light of the increased bargaining power being exercised by employees in the midst of the … Read more