Category: Business / Employment
Labor Law Update
Beginning January 31, 2012, most private sector employers in the U.S. are required to post an “Employee Rights Under the National Labor Relations Act” poster. This poster, which is required under a National Labor Relations Board Rule finalized last summer, provides a list of rights… Continue reading
The Importance of Diversification in Business
Diversification is a fundamental principle of prudent investing. The old adage “don’t put all your eggs in one basket” prevented investors with a balanced portfolio from being destroyed during the 2008 economic downturn. Those who had all their eggs in real estate, housing and certain… Continue reading
Employee E-Mail Privacy Rights
Whether you are an employer or an employee, it is important for you to know what the extent of your rights and limitations are regarding messages that are sent on employer – furnished computers. There is an inevitable clash between employees’ right to privacy and employer’s… Continue reading
Protecting a Business Entity’s Limited Liability
The most common and compelling reason to form a corporation to operate a business is to provide limited liability. If done properly, the debts and the liabilities of the business attach to the business and the business’s assets. With certain exceptions (such as wage payments… Continue reading
When Co-Ownership Goes Bad
It is not uncommon for two unmarried people to purchase real estate jointly – whether as a “couple” planning to marry (or not) or, as “roommates” splitting costs, or as co-investors. What are their options if there is a “falling out” between the co-owners and they… Continue reading
Buy/Sell Agreements and Family Businesses
Buy/Sell Agreements and Family Businesses Buy/Sell Agreements between owners of a business determine how, when and which of an owner’s interest may be bought out by the other owner(s) of the enterprise upon events such as death, disability, retirement, and management deadlock. In the case… Continue reading
Decennial Filings – Save Your Business Name
Generally, registering your corporation, limited liability company, or limited partnership with the Pennsylvania Corporation Bureau ensures that no other entity will be able to take on or use that name within the Commonwealth of Pennsylvania. While this is a boon to the business or nonprofit… Continue reading
Personal Guarantees of Payment and Performance
While the economy continues to improve slowly, we are still seeing an increased level of defaults and litigation involving businesses which go bad, especially small undercapitalized operations. Whether you are a lender, landlord or a seller of goods or services you need to protect yourself… Continue reading
Avoiding Collection Problems
With the extended economic downturn we have witnessed a substantial increase in the number of collection cases that we are handling for our clients. While we are more than happy to handle collection matters we also believe that we owe it to our clients to… Continue reading
Unemployment Compensation – The Basics
In difficult economic times, the Pennsylvania program for Unemployment Compensation becomes a lifeline to persons who lose their jobs. The Pennsylvania Department of Labor and Industry maintains an Office of Unemployment Compensation Benefits to supervise the unemployment compensation safety net. Essentially and basically, the program… Continue reading