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Whether you’re located in Philadelphia, Lancaster or Pittsburgh, running a small business in is challenging enough without having to chase down unpaid invoices. The terms of your customer contracts can either help or hurt you when trying to collect from non-paying customers. Including specific provisions regarding interest on late payments, attorney's fees , collection costs, and choice of venue can significantly improve your chances of recovering what you're owed, and mini

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 

Every business, regardless of its size or industry, relies on contracts to function effectively. From agreements with clients to vendor...

As a business owner, signing contracts is a common practice in the course of doing business. However, it's essential to understand that...

It’s a simple task. Just sign on the line or click “Agree” at the bottom of the window. Tap the check box and continue. But do you really...