Pennsylvania business owners have a lot of preparation work to do when it comes to setting up your succession plan. One of the first things you need to work out is who will inherit your business. In fact, you should have a business heir in mind when you are crafting...
While small business owners may not have the same reach as larger companies, they can still prepare to pass their company down the same way bigger businesses do. Regardless of the size of your business, there is a right way to handle succession planning. SCORE breaks...
If you wish to build a business a corporation, you will have some options. The most common involves choosing between a C corporation and an S corporation. According to Smart Asset, these types of corporations get their names from the IRS tax code that distinguishes...
Audits are a crucial component of many companies' operations. They play an important role in ensuring the integrity of the business, particularly from a financial standpoint. Businesses who fail to meet expectations risk damaging their reputation among other...
Equipment Leases Equipment that is essential to business operations often come with hefty price tags that run into the millions to billions of dollar range. Because of this, more than 80% of American companies lease equipment rather than purchase it outright,...
For people who feel strongly about environmental and social concerns, running a business in a way that reflects their values can be a challenge. The traditional corporate model of prioritizing shareholder value may not be consistent with their personal ethics, but...
There are, unfortunately, many ways to go wrong with a new business in Pennsylvania. Anything you can do or learn about how to make your business a success, especially within the first few years, can be incredibly beneficial. One of the best ways to help ensure your...
After launching a successful business, it is not uncommon for a Pennsylvania entrepreneur to consider starting a second business. Far different from simply opening a new branch of the existing company, this often means beginning from scratch with an entirely new...
Contracts can protect Pennsylvania business owners in many circumstances. It is wise to have a contract with customers when performing a service so both sides understand the expectations and obligations. Employee contracts are also a helpful part of business law since...
Creating a strategic plan for a business is a complex undertaking, but a Pennsylvania business owner can use such a plan to keep his or her operations focused on the future. Whether one is starting a new business or already has an established venture, defining...
