Blogs
Do I Need to Reserve My Business Name in Pennsylvania Before I Open My Business?
One of the first things you will do in the planning stages of starting a new business is choose a name for your business. As you consider different possibilities, you will need to make sure the name you choose is unique by conducting an online search for other businesses bearing the same or similar names. […]
Pennsylvania Commercial Leases
Many businesses in Pennsylvania operate from leased premises, especially new business start-ups. As a business owner, whether you are just starting your business or looking to expand your business to bigger or better facilities, you should carefully consider all aspects of a commercial lease agreement before signing. These are some of the terms you can […]
Who Will Take Over Your Pennsylvania Business When the Time Comes?
Business owners who raise a business from the ground up tend to think of it as one of their hardest won accomplishments. And well they should, since a successful business doesn’t happen by accident. Nonetheless, many business owners put off succession planning because retirement seems too far away, or they don’t want to think […]
Pennsylvania Joint Ventures
When two businesses join forces for a common purpose, a joint venture is born. The businesses may be industry giants, or work-from-home parents, or any size businesses in between. The defining element of a joint venture is the strategic alignment of two of more businesses to reach a goal they might not otherwise be able […]
Pennsylvania Business Entities for Professionals
Pennsylvania offers several choices of business entities for professionals such as architects, attorneys, CPAs, chiropractors, dentists, osteopaths, physicians and surgeons. The general rule under Title 15, Section 102 is that a “profession” includes the performance of any type of personal service that requires a license or admission to practice or other legal authorization from […]
Limited Partnerships and Limited Liability Partnerships
Limited partnerships and limited liability partnerships differ significantly from general partnerships. Though the names are similar, limited partnerships (LPs) and limited liability partnerships (LLPs) are formed by following certain statutes enacted to impart specific characteristics to these business entities. In this article, we will discuss some of the basics of limited partnerships and limited liability […]
Pennsylvania Home-Based Business Basics
Research by the Small Business Administration indicates home-based businesses make up over half of all businesses in the U.S. Starting a home-based business can be a great way to get your new business idea off the ground without a lot of overhead, or to simply make some extra money. Most home-based business owners also rate […]
Homeowner’s Emergency Mortgage Assistance Program and Act 91 Notices Reinstated
Anyone who has had any dealings with mortgage foreclosures has heard of the ACT 91 NOTICE FORM. The Act 91 notice is required to be sent to homeowners because of the Homeowner’s Emergency Mortgage Assistance Program (HEMAP). HEMAP is a program administered by the Pennsylvania Housing Financing Agency that provides emergency assistance to qualifying […]
Does My Pennsylvania Corporation Need to Hold Annual Meetings?
One of the most commonly asked questions from new business owners who have recently incorporated their businesses is whether they are required to hold annual meetings of the corporate shareholders. The answer depends on whether your articles of incorporation or bylaws provide otherwise. If not, then the answer is yes — Pennsylvania’s corporation laws require […]
Best Practices for Businesses Extending Credit
Whether you are a new business owner, or one who has been running a business for years, one of the challenges you can expect to face in the coming year are slow-paying and non-paying clients. As part of your effective business management strategy, consider the following suggestions for minimizing slow pays and credit defaults in […]
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