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One of the first and most crucial decisions a new business owner makes is the choice of legal structure or entity. It’s a good idea to understand all of the types that could be appropriate for your business and what they offer – not just in the near future but for...
Being asked to serve on the board of directors of a non-profit organization can be a big honor. It can give you the chance to make a real difference for an organization and cause you believe in. If you’re a respected member of the community or active in a particular...
Contractors and developers contribute a lot to the Pennsylvania economy. They create new housing units to help attract new residents to the state and also turn older facilities into more modern and valuable accommodations. Those who work in construction-related fields...
New construction, renovations and land development will all have environmental consequences. Removing vegetation, adding drainage and paving roads will impact animal habitats and even contribute to flooding risks. The businesses that develop properties have to...
The boards that manage condominium associations often receive no attention from condo owners and residents until something goes wrong. Your work may vacillate between being incredibly mundane and intensely stressful depending on the behaviors of the people who live in...
When merging with another company, you will not need to retain all the staff the current two companies have. No one likes job uncertainty, so the more you can provide your team with accurate information, the better for them and you. Some employees will sit around with...
You're looking to expand your company, but you don't have the capital to do it. You decide to get an investor, who you convince that the company is going to be very successful. Believing that they will see a good return on their money, they give you that investment...
As someone busy running a business, you may think that your business plan is done once it’s in motion. The same may be true for your marketing plan. You may feel that what you have set up is working for you well enough and not see the real value in reviewing those...
Most business owners would never consider using money that belongs to the business to pay for personal expenses. However, they might not think there’s anything wrong with using personal assets to help out the business – like maybe putting a little of their own money...
Especially when you first start hiring staff members, you may not recognize the importance of a thorough employment contract. Many growing businesses hiring their first staff members will use an informal system that later puts them at risk. While it may seem like a...
