If you've always thought of yourself as someone with an entrepreneurial spirit, you may finally in a place where you want to take action and create a startup. When creating a business from scratch, there is always an element of risk, but there is also a huge amount of...
What documents will your Pennsylvania small business sign when borrowing money?
On behalf of Law Firm of William E. Otto | Feb 22, 2021 | Business law
At some point, almost every small business borrows money to either start, expand or otherwise manage its operations. When that time comes for you, it's smart to understand as much as possible about the loan papers -- or promissory notes -- you will need to sign....
Considering your competition when starting your business
On behalf of Law Firm of William E. Otto | Feb 5, 2021 | Business law
If you’re thinking of starting a business, you need to take some time to consider your competition. Exactly what this means depends on the business itself. If it’s going to be a local brick-and-mortar store, for instance, you only really need to consider the close...
About to buy a business? Do your “due diligence” before you go any further
On behalf of Law Firm of William E. Otto | Jan 22, 2021 | Business law
You've been told to do your "due diligence" several times already, to be sure, before you buy a business. What exactly does that mean? Well, it’s more than just looking at the surface appearance of the business. It means that you need to dig deep and ensure that there...
3 steps to take if you want to buy out your business partner
On behalf of Law Firm of William E. Otto | Jan 13, 2021 | Business law
Business partnerships, much like marriages, often evolve over time. Your goals may no longer align, or your personalities could now clash. Even if you have been successful partners until this point, you may recognize signs that there will be conflict in the future....
Should you choose an S-corp or C-corp?
On behalf of Law Firm of William E. Otto | Dec 28, 2020 | Business law
Both S corporations and C corporations are helpful business formats to consider. They differ slightly, though, which is why it’s a good idea to learn more about them before you decide that you want to build your company in one of these formations. Here are a few...
How do you find investors for your startup concept?
On behalf of Law Firm of William E. Otto | Dec 7, 2020 | Business law
When you have a good idea for a business, money may be the only thing standing between you and industry domination. Finding investors for a start-up concept can be a daunting prospect. It is also a process that can put entrepreneurs in a vulnerable position,...
What makes a contract valid and enforceable?
On behalf of Law Firm of William E. Otto | Nov 30, 2020 | Business law
Businesses count on contracts to help keep themselves protected. This includes getting the goods and services they need, as well as keeping them from having to deal with frivolous claims of others. It’s imperative that the contracts are valid and enforceable, so they...
Start your business right with an appropriate structure
On behalf of Law Firm of William E. Otto | Nov 11, 2020 | Business law
Part of starting any business is choosing your business entity. Unfortunately, there are many misconceptions about the entities that exist and how they can be used. That’s why it’s a good idea to get in touch with your attorney early on in this process. You want to...
What are the best ways to minimize your business liability?
On behalf of Law Firm of William E. Otto | Oct 28, 2020 | Business law
If you’re running a small business, something you’ll want to do is to make sure you limit your liability in the case of an accident or other incident. When you’re running a company, you could be held liable for any injuries that happen there or problems with your...
Recent Posts
- Tips for creating a successful startup
- What documents will your Pennsylvania small business sign when borrowing money?
- Considering your competition when starting your business
- About to buy a business? Do your “due diligence” before you go any further
- 3 steps to take if you want to buy out your business partner