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
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
As employers plan for their hiring needs, 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, non-disclosure, and/or … 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
One of the principal reasons that individuals operate their businesses under a limited liability entity, such as a corporation or an LLC, is to shield their personal assets from exposure to liability resulting from such businesses. However, if a business … Read more
If you are the owner of real property that is the subject of an oil and gas lease, you should strongly consider forming a family limited partnership or limited liability company to be owned by you and transferring such property … Read more
Please join us in congratulating Paul T. 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 … Read more