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Franchise 101 – Know What to Ask When Shopping for a Franchise in Pennsylvania
Operating a franchise is sort of like owning a branch of the family business — you get to run the show, but someone with more experience has the authority to regulate almost everything you do. This can be the perfect environment for a new business owner in the right circumstances. Read on to learn more […]
Pennsylvania Favored By Plaintiffs; Not So Much by the Chamber of Commerce
The U.S. Chamber of Commerce issued a report ranking business lawsuit climates in the nation. Pennsylvaniacame in at number forty, meaning it has one of the worst perceived climates for businesses defending against lawsuits. According to the Chamber of Commerce: Participants in the survey were comprised of a national sample of 1,125 in-house general counsel, […]
Employers May Have Fewer Options for Screening Potential New Hires
In September, Pennsylvania State Representative Thomas Murt introduced H.B. 2619. The bill, if enacted, will amend the Pennsylvania Human Relations Act to keep employers from requiring applicants to consent to the employer viewing the applicant’s credit report. Under the proposed legislation, private employers would only be allowed to require a credit report if the type […]
E-Commerce and Electronic Signatures inPennsylvania
The vast majority of U.S. consumers enter into electronic contracts on a regular basis, often more than once a day, when we use the bank’s ATM, pay at the pump using a debit card, or authorize debit or credit card transactions via pen pad devices at local retailers. Every transaction consummated and paid for electronically […]
Business Management – There’s an App for That
There is an app for virtually everything, and business management is no exception. Your smart phone or iPad can do a lot more than make calls and send emails. If you struggle keeping all the balls in the air while on the go, then consider taking advantage of apps available for free or nearly free. […]
Businesses Must Be Sure UCC Financing Statements Are Not ‘Seriously Misleading’
In our last two articles, we discussed some facets of perfecting security interests under UCC Article 9. One part of a financing statement that cannot be neglected is the debtor’s name. While it may seem like an obvious area of caution, a debtor’s name must be listed with specificity and attention to detail. A minor […]
Business Tips for Suppliers Who File UCC Financing Statements
Businesses that sell personal property and do any amount of financing of those products should be familiar with preparing and filing financing statements to perfect their security interests. UCC Article 9 governs security interests, including purchase money security interests, or PMSIs. A PMSI is an interest in goods purchased directly from a secured party, or […]
Does Your Business Need to Register as a Foreign Corporation in Pennsylvania?
Whether a business needs to obtain a license to do business in Pennsylvania as a foreign business corporation depends on the definition of ‘doing business.’ Pennsylvania Business Corporation Law is silent on what “doing business” means in Pennsylvania, but over time case law has defined some activities that do not constitute “doing business” […]
Which Corporate Activities Require Shareholder Consent in Pennsylvania?
Businesses incorporated in Pennsylvania must abide by the Pennsylvania Business Corporations Law (BCL). The BCL sets out certain business activities that may not be carried out lawfully without shareholder consent. The general rule is that a corporation may require shareholder approval for any specific action by setting out the requirement in the by-laws or articles […]
Some Tax Benefits of Starting a Business
Starting a business can be a rewarding endeavor, but doing so requires careful planning and decision-making. One of the most important items on a prospective entrepreneur’s to-do list should be tax planning, both personally and for the future business. Correct tax planning can help maximize the rewards of owning your own business. As you consider […]
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