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
It is anticipated that the use of internal corporate investigations will increase in frequency in the coming years for a variety of reasons, such as increased governmental regulation of certain industries and social changes, such as the “Me Too” movement. … Read more
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
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
By obtaining certification as a “woman-owned small business” through the Small Business Administration (SBA) and at the state level through third-party firms, a small business that is managed and controlled by one or more women can secure a number of … Read more
An article prepared by Paul T. Rushton, the Chair of our Business & Finance Department, was recently published in the Winter 2021 Newsletter for the Business Law Section of the Pennsylvania Bar Association. The article, titled “More than a Handshake … Read more
Steven P. Roth and Christyan A. Telech, attorneys with our Business and Finance Department, were recently successful in representing a corporate client through an 18 month long workout, restructuring and refinancing, which involved taking out multiple floorplan lines of credit … Read more
Individuals organizing a Pennsylvania non-profit corporation for use with a charitable cause are oftentimes surprised to learn that such entity is not automatically exempt from federal taxation. Rather, to obtain such tax-exempt status, the organization must apply for, and be … Read more
This week, the Biden administration announced changes designed to make funding available through the Paycheck Protection Program (“PPP”) more accessible to small businesses.
Beginning today, Wednesday, February, 24, 2021, businesses with less than 20 employees have an exclusive, 2 week … Read more
If you own or manage an entity that is domiciled in or registered to do business in the Commonwealth of Pennsylvania, please be aware that your entity may be required to file a Decennial Report with the Pennsylvania Department of … Read more