If selling your business is your ultimate goal, you should consider conducting an “internal audit” of your business before embarking on the sale process. The purpose of this internal audit should be to identify and compile the numerous documents and … Read more
Due to certain changes under the rules governing the imposition of the Pennsylvania realty transfer tax and the Pennsylvania Associations Code over the past several years, the owners of parcels of real property in the name of a general partnership … 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
Despite the fact that Pennsylvania’s Home Improvement Consumer Protection Act (HICPA) has been in effect for over a decade, some home improvement contractors are still reluctant to fully address HICPA’s contractual rules due to their fear that homeowners will be … Read more
The purchase of a “distressed” business must be undertaken with a great deal of diligence and caution so as to avoid (or at least limit) the purchaser’s exposure to the liabilities of the distressed business. The attorneys in our Firm’s … Read more
Lee S. Piatt and Paul T. Rushton, partners in our Firm’s Business & Finance Department, were recently re-appointed as members of the Council of the Business Law Section of the Pennsylvania Bar Association.
The province of the Business Law … 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
A business owner that has been approached about selling his or her business is oftentimes asked to sign a Letter of Intent or another document evidencing the acquirer’s preliminary expression of interest in purchasing the business (an “Expression of Interest”). … Read more
When a business owner is approached about selling his or her business, the potential purchaser oftentimes presents a purchase offer that includes, in addition to the purchase price for the business, a generous salary or consulting fee that can be … Read more
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