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A trust is a legal tool that can play an important role in estate planning. It goes beyond the role of a will and provides the creator with a greater level of control. But when exactly do you need a trust? News source after news source digs into this issue, providing...
Starting a business comes with a lot of personal risks, and the process often demands weeks or even years of uncompensated work as someone builds their company from the ground up or develops a concept into a marketable product. The basic drive behind entrepreneurial...
Whether your organization specializes in upscale kitchen remodeling work or new home construction, your reputation with your customers is crucial to your ongoing success. People recommend you to others, which is likely how you connect with a significant percentage of...
When you create a will, you take control over your property after your death. You also help provide for those who depend on you. Your will could name someone to serve as a caregiver for your children or to assume ownership of your beloved cats. Historically, people...
Contracts help you make business operations predictable, but the risk is always there of someone failing to fulfill their end of the agreement. When another business or an individual breaches a contract, your company may struggle as a result. If a supplier doesn't...
You go into business to make money, but just one wrong move could cost your company all of its profits or even force it to close. As the owner and operator of that business, you could have some personal liability if the company goes under with unpaid debts or if you...
Investment properties are a popular way for people to diversify their personal wealth. You can take the equity you have accrued in your own home and use it to purchase a second property. You might fix up a home in poor condition and sell it for profit, or you might...
You have each of your employees sign a contract to protect your business. Your employment contract minimizes how much liability you have when hiring a new worker. Unfortunately, not every business puts adequate consideration into their employment contracts. All too...
Veteran entrepreneurs in Pennsylvania know how important it is to produce a thorough business plan and demonstrate the discipline to carry it out, but business owners of all experience levels sometimes fail to start their business off on the solid foundation provided...
An LLC, or limited liability company, is a type of business that offers limited protection through taxation. Just like other business structures in Pennsylvania, an LLC is a separate entity from the business owners. This way, the owners themselves are not held...
