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
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
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
As business owners deliberate on the New Year’s resolutions that they will make for 2021, they should strongly consider a resolution aimed at better compliance with corporate formalities in the New Year. One of the principal reasons that business owners … Read more
As employers plan for their hiring needs for 2021, 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
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
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
On Thursday, December 10th, Governor Wolf’s Administration ordered that restrictive measures be put in place to combat COVID-19, including: (i) prohibiting restaurants and bars from serving customers indoors; (ii) requiring all businesses to conduct in-person operations at 50% of the … Read more
As we approach the end of 2020, business owners are likely preparing to address the various year-end business issues and planning for the new year. However, any business owners that operate their business under a Pennsylvania corporation should also take … Read more
Please join us in congratulating Paul Rushton, the Chair of our Business & Finance Department, who was recently re-appointed and commissioned by the Secretary of the Commonwealth of Pennsylvania to serve as a member of the Corporation Bureau Advisory Committee. … Read more