Blogs
Does My Business Need To Register a Fictitious Name?
What do the businesses Bob’s Flowers, David’s Roofing, and Fat Boy’s BBQ Ranch have in common? Under Pennsylvania law, they are all businesses who must register fictitious names with the Pennsylvania Department of State. According to the Fictitious Names Act of 1982[1], “Any entity or entities (including individuals, corporations, partnerships or other groups) which conduct(s) […]
What Is a Corporation and How Can I Incorporate My Business?
A corporation is the most complex of business organizations, due in large part to the paperwork necessary to bring one into existence. A corporation may be formed by one or more people who execute and file the correct forms with the Pennsylvania Department of State. The corporation will, in many ways, have a life of […]
How Can I Form a Partnership in Pennsylvania?
A general partnership is a joint venture undertaken by two or more people. A partnership may have a very limited purpose, such as a single asset real estate venture, or it may be the foundation of a large business. If you have one or more business partners, and you did not take steps to establish […]
What is a Sole Proprietorship in Pennsylvania?
A sole proprietorship is the most common and simplest type of business entity. If you are running a business without partners, and you did not take steps to establish a corporation or limited liability company, then your business is by default a sole proprietorship. There are advantages and disadvantages in running your business as a […]
Types of Businesses in Pennsylvania
You’re on your way to starting a business. Maybe your business plan is already finished and your financing is secured. If you haven’t settled on which type of business entity you should form, now is the time to investigate your options and make a decision. Last week, we introduced a series of articles describing various […]
What is an LLC in Pennsylvania?
In this series, we will discuss some of the types of business entities legally recognized in Pennsylvania, including LLC’s and the most common types of corporations and partnerships. An LLC, or Limited Liability Company, is a creature of statute that must be formed according to state law. A person cannot form an LLC by accident. […]
Open for Business – Getting Started
Starting your own business is an exciting and challenging endeavor, chock full of surprises, risks, and rewards apt to pop up at any point along the way to success. Whether your business-to-be will be your hobby or your livelihood, there are certain steps early in the planning process you want to be sure to handle. […]
Financing Your New Business
One common reason many new businesses fail within the first two years is undercapitalization. That means, simply, that the businesses did not have sufficient cash or other liquid assets to survive through the early stages of growth. If you are serious about starting your own business, chances are you already have an idea how […]
Applying for 501(c)(3) Status for Your Non-Profit Organization
What started as an idea to help others has grown to have a life of its own. You’ve selected and installed directors, incorporated, obtained an EIN, and registered with the state office. Next, you are ready to apply for tax-exempt status. If you have not done so already, you should establish a relationship with a […]
Is My Non-Compete Agreement Enforceable?
One of your key employees has just told you he is leaving your firm. Your first thoughts are whether you have sufficient resources in place to carry on his work while you look for his replacement. Then, you hear that he is starting his own business across town. Not only is he leaving a hole […]
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