Blogs
Economic Study Favors Pennsylvania’s Business Climate
A report released recently by the American Legislative Exchange Council (ALEC) reveals an optimistic economic outlook for Pennsylvania. ALEC’s Rich States Poor States Economic Competitiveness Index measured 15 equally-weighted economic variables among states, including tax rates, regulatory burdens and labor policies in each state. The report ranks Pennsylvania’s business regulatory environment as the 34th-best in […]
Which Employees Are Exempt from Overtime?
A question employers ask us frequently is whether overtime rates are applicable to all employees, and if not, which employees are exempt? Properly-designated salaried employees are exempt from overtime. There are exceptions, but the general rule of thumb is that employees whose primary duties concern management of the general business operations of the employer and […]
Starting a Home-Based Business in Pennsylvania
You may be tired of the nine-to-five grind or ready to spend more time at home with your children. The reality for most people, however, is that you must continue providing constant income for your family. Starting a business in your home can be a way to put your business ideas into motion while saving money […]
Business Mergers Can Improve Both Bottom Lines
Many business owners looking to expand will often seek out an existing business in the target area. Instead of starting from the ground up, the growing business will purchase another business outright, or as we will discuss today, propose a merger of the two businesses. In this article, we will discuss some of the factors […]
Review Your Business Contracts Before It’s Too Late
One common mistake business owners make when it comes to drafting their contracts is copying contracts from another business to use as their own. The problem with this method is that a contract used by your business should be written with your specific business goals in mind taking. Your contracts should also protect you from […]
What is the Difference Between a Regular Corporation and a Benefit Corporation?
What is the Difference Between a Regular Corporation and a Benefit Corporation? Recently we discussed the establishment of the Pennsylvania Benefit Corporation as a new legal business entity in Pennsylvania. To recap, a Benefit Corporation is a corporation committed to operating in a way that has a positive impact on both the environment and society. […]
The State of Pennsylvania Is Getting Out of the Liquor Business
The retail industry in the state of Pennsylvania is abuzz with Governor Tom Corbett’s recent announcement of his plan to close the approximately 600 state-run liquor stores and return the market to the private sector. The governor’s plan would replace the state-run stores with 1,200 wine and liquor retailers. The licenses for these businesses would […]
What is a Pennsylvania Benefit Corporation?
New legislation was signed into law on October 24, 2012 making Pennsylvania the twelfth state to formally add the Benefit Corporation to its list of legal business entities. Fifteen other states are currently working through the details of adding a variation of the Benefit Corporation to their options for legal business entities as well. A […]
Business Income Generated in Other States Taxable in Pennsylvania
The Pennsylvania Supreme Court recently ruled that income generated in Delaware by the sale of land in Delaware was in fact taxable as income in the state of Pennsylvania for a Pennsylvania pulpwood company. In 2004, Glatfelter Pulpwood Company, a wholly owned subsidiary of P.H. Glatfelter Corp, sold several thousand acres of timberland located in […]
Business Assets May Become Exempt from Inheritance Tax
Lawmakers in Harrisburg are considering a proposal that would exempt business assets from the state’s inheritance tax. The legislation is a welcomed glimmer of hope for many family-owned, small businesses in Pennsylvania. Still struggling with the shaky economy and the usual mountain of federal taxes and regulations, many small business owners are just trying to […]
Contact
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.