Blogs
What is a “Professional Corporation”?
A professional corporation is formed in order to render services within one specific profession, subject to certain state exceptions, and must be formed pursuant to 15 Pa. Cons. Stat. § 2903 of the Pennsylvania Code. A professional corporation generally may not provide any other non-ancillary services. The name of a professional corporation is restricted […]
Pennsylvania Franchise Basics
Even if you’ve owned and operated your own business successfully in the past, there are some franchise facts you need to know before you sign on the dotted line. The first thing potential franchise entrepreneurs should know is which rules apply in your state. For instance, some states have specific laws governing franchise relationships, […]
Can a Shared Work Program Work For You?
With the economy struggling to make a comeback and unemployment still level in Pennsylvania, many business owners are looking for ways to cut expenses without having to lay off employees. A new Pennsylvania program called Shared Work may be the answer for some businesses. Under Pennsylvania’s Shared Work program, an employer must make application to […]
Is Your Business Covered?
A customer slips and falls. An employee has an automobile accident in a company vehicle, injuring himself or someone else. A product you distribute is found to be defective and potentially dangerous. While you hope that none of these situations arise in your business, are you willing to take the chance that it will […]
Are You In Compliance With Existing Wage Laws?
Rite Aid Corporation settled out of court recently, agreeing to pay up to $20.9 million to settle lawsuits brought by salaried assistant store managers and co-managers who claim they were owed overtime pay due to the non-managerial aspects of their jobs. According to CNNMoney, over 7,000 lawsuits were filed in federal court in 2011 alleging […]
Registering a trademark
A trademark is defined by Webster as: A device (as a word or mark) that points distinctly to the origin or ownership of merchandise to which it is applied and that is legally reserved for the exclusive use of the owner. The Pennsylvania Department of State website defines a trademark as: Any word, name, symbol […]
Dissolving an LLC in Pennsylvania
We recently discussed dissolving a Pennsylvania corporation. The process of winding up businesses that are not incorporated can differ greatly, depending on the type of business entity you operated. In this article we’ll discuss requirements for closing an LLC. In order to close your domestic LLC in Pennsylvania, you must provide a complete and properly […]
Involuntary Dissolution of a Corporation
In an earlier post we discussed voluntary dissolution of a corporation. In this article, we’ll explain some basic facts about involuntary dissolution and highlight some steps involved in the process. An involuntary dissolution may occur when shareholders in a corporation disagree about whether to dissolve the corporation. The minority shareholders may seek an involuntary dissolution. […]
Voluntary Dissolution of a Corporation
Maybe it started with a dream, or just a way to make extra money from your hobby. You created a business plan, gathered your start up money, and opened your business. But now, for one reason or another, the time has come to wind up the business and move in a new direction. Although it […]
Buying a Business
Starbucks’ purchase of Bay Bread, LLC made the headline this week in the San Francisco Chronicle. In an effort to expand offerings in stores, Starbucks bought Bay Bread, LLC, a French-themed bakery specializing in homemade granola, flank steak sandwiches, and organic bread. The transaction involved much more than Starbucks handing over a check for […]
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