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Article Summary: Intercompany loans are transfers of funds between related entities, offering speed and flexibility. To avoid severe tax and legal risks, they must be documented with the same formality as an external bank loan. You should not make them interest-free, as the IRS will impute interest (taxing the lender on income it didn't receive). Always charge at least the Applicable Federal Rate (AFR) and document the loan with a formal Promissory Note and Board Resolutions 

Veteran-owned businesses represent a significant portion of the small business community, and both the federal government and the Commonwealth of Pennsylvania offer specific programs to support them. Understanding these programs can help veteran entrepreneurs start, stabilize, and grow their companies more effectively.   This guide provides a clear overview of the federal and state resources available to veteran-owned businesses in Pennsylvania, along with key legal considera

In Pennsylvania, the general rule is that corporations and other business entities, such as LLCs , partnerships, and associations, must be represented by a licensed attorney in court. This is because these entities are considered separate legal “persons” from their owners. There are exceptions to this rule, typically for magisterial district court, or in some very limited circumstances (often involving consent agreements or stipulations on non-complex matters). However, these

A local business owner called me recently because she saw a website marketing a product using the exact name of her business.  Her business is a registered limited liability company in Pennsylvania and she thought that would prevent others from using her business name in the sale or marketing of products.  This is a very common misconception, and I had to deliver some unhappy news to her.  I get why she was upset – she has poured her heart and soul into building a successful

Goodbye Summer!  Hello Great Lock In !  What is it?  It's a challenge running Sept 1 – Dec 31. As we approach the final quarter of 2025,...

The current administration’s crackdown on undocumented workers impacts workers and employers alike.  With federal messaging still...

For small businesses, is there anything more important to viability and success than getting paid?  You deliver exceptional products or...

Written contracts are the backbone of business relationships. Using an artificial intelligence (AI) tool to generate business contracts...

Pregnancy is a transformative journey, and for many women, it includes continuing to work. A significant number of women work through a...

In the current climate of heightened federal immigration scrutiny, one area that demands your immediate attention is employment...

The Pregnant Workers Fairness Act ( PWFA ) is a federal law effective June 27, 2023, and it impacts employers with 15 or more employees....

One of the biggest reasons entrepreneurs choose to form a Limited Liability Company (LLC) is the promise of limited liability. In plain...