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
Please join us in congratulating Lee Piatt, a partner in our Business & Finance Department, on receiving the Door Opener award! Lee received the award this past Wednesday at The Luzerne Foudation’s mid-winter gathering held to thank special friends, fundholders, … Read more
If you are a real estate investor or have an interest in investing in real estate, you may find it useful to consult the information in Paul Rushton’s article about certain corporate and tax issues to be considered prior to … 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
The withdrawal of an owner of a closely-held business should be carefully addressed by the remaining owners of the business to ensure that all outstanding issues between the parties are resolved. In addition to properly structuring and effectuating the purchase … Read more
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
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
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
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
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