The primary reason that individuals choose to set up a limited liability company (LLC) or corporation (INC) is to protect themselves and their family from personal liability in connection with the operation of a business. If you come up with an idea such as selling...
Business Law
Why Every Small Business Owner Needs an Attorney
First, I would like to say I am not an attorney, but I did run my own consignment shop for five years. What a life-changing experience it is to run a small business. Lucky for me, one of the first things I did was hire an attorney. With so much to learn as a small...
How Much Insurance Coverage Do I Need?
Everyone has car insurance, but no one really knows why they have the limits they have. Unfortunately, drivers often choose whatever coverage keeps their premiums the lowest. The legislature does not help matters either. The Commonwealth of Pennsylvania requires that...
What is this COVID payroll tax deferral all about?
COVID-19 has been a disaster for not just individuals, but for employers as well. The struggle to continue running your business and keep your employees paid all while many of your customers have lost their jobs and slowed down their spending has been a real disaster...
Incorporation of your Organization
Many of us out there participate in adult recreational sports leagues – hockey, golf, basketball, softball, etc. and even more of us, as parents, participate in the leagues or sports organization in which our children participate. Involvement in these groups or...
Piercing the Corporate Veil
In the Commonwealth of Pennsylvania, as in many other states around the country, the formation of an LLC is an option available for business owners who wish to protect their personal assets from liability. As with a corporation, the members of an LLC generally are not...
What is a Durable Power of Attorney?
Before we can begin talking about power of attorneys, it is important to define what an agent and principal are. If it is your power of attorney, you are the principal. The agent is the person who is authorized to act on the principal’s behalf in the principal’s best...