In our last article, we identified the top five most commonly requested business contracts, and discussed LLC operating agreements.  In this article, we will discuss the next contract in the series:  Partnership agreements. Partnerships differ from LLC’s and corporations.  Often referred to as ‘general partnerships’, this type of business entity is similar in nature to […]

The limited liability company is popular today because it brings the best features of all business forms into one entity.  Generally, an LLC has four basic benefits: limited liability, partnership taxation, management rights, and protection from creditors.  The owners of a limited liability company are the members and the members, managers, or both can manage […]

Undercapitalization can doom a new business to failure before it can even get out of the gate.  Businesses that lack sufficient cash or other liquid assets to survive through the early stages of growth often fail within the first two years. You may have the training, business experience, or enough good intuition to know how […]

We recently discussed some of the basic aspects of business mergers in Pennsylvania.  Another common method of combining businesses is for one business to purchase, or acquire, another business.  In this article, we will discuss basic aspects of business acquisitions. There are primarily two ways a business can acquire ownership of another business, either by […]

As your business grows and matures, you may consider joining forces with your competition in a business deal known as a merger, or buying out the competition altogether by completing an acquisition.  In this article, we will discuss some of the factors involved in a business merger. In a merger, there is no buyer or […]