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Qualified Family-Owned Business In Pennsylvania certain “qualified” family-owned business interests to A qualified business is defined as a sole proprietorship or an interest in a business entity (such as In order for the business to qualify for the tax exemption, the business must continue to be owned by in the business. Consider Restructuring Your Business. The exemption is not limited to a single business.

If you own a business, you’ve signed many contracts.  Here’s a sample indemnification clause: Your business agrees to protect, defend, [hold harmless,] and When you agree to indemnify, you’re agreeing to: Defend the other business: The obligation to defend Cover damages assessed against the other business: The indemnification clause should also specify the You should avoid indemnifying a business for their own negligence. 

Should you start your own small business? Is it the right time or the right business? Business Relationships Many businesses have two or more owners. I am constantly surprised by how few business owners have written business plans. I call that working “in your business” and not “on your business”. of the business cycle.

The Federal government enacted two laws in March 2020 that affect small business owners and their employees Small Business Administration. Those loans will become available sometime in April. 2020 so its time to take stock of the tax benefits and start making some important choices for your business Small Business Protection Employers with fewer than 50 employees are eligible for an exemption from the If you have any questions about these tax benefits and how they might apply to your business, please

Small businesses losing lots of money during the COVID shutdown may expect insurance to cover their losses Any business that operates from a place of business that has been closed or experienced a significant downturn in business should consider making a claim. by Pennsylvania Governor Tom Wolf to shut down nonessential businesses back on March 19th. to get business interruption claims paid.

Financing is always an issue for new and young business owners.  Getting a business off the ground can be a daunting task.  Finding and leasing a place of business, negotiating contracts with vendors and customers, hiring and One mistake for a new business that is running on zero margin can kill the business before it ever gets Regional organizations like the Small Business Administration, Small Business Development Centers and

WGSF Newswire:  Limiting Personal Liability for Business Debts:  Choosing the Right Entity By Deirdre One way to mitigate those risks is to create a business entity.  of both come together to create a business.   Choosing your business entity can make all the difference when one wants to protect his or her business Check out our business team at Fiffik Law Group .

An operating agreement is the blueprint for how your business operates. In a business with two or more members, it’s easy to understand why an operating agreement is necessary an LLC want the protection it provides their personal assets from the debts and obligations of the business This means that an LLC must be treated as a separate entity from the business owner.  lenders, creditors, taxing authorities and other persons in order to successfully carry on its business

The Franchise Assessment: Is Your Business Franchisable? is even right for you and whether or not your business is franchisable. The five key factors that determine whether your business is franchisable are: Is your business successful Is your business scalable? Is your brand protectable? Assessing Your Business and Brand One of the biggest secrets to franchising is that, as a business and

Pennsylvania’s new annual reporting requirements for businesses registered here give busy entrepreneurs Upon dissolution or cancellation, the business name will be made available for another business entity Foreign businesses are not exempt. “Foreign” means a business formed in a different state but registered to do business in Pennsylvania. Upon termination, the business name will be made available for another business entity to register.

Group are experienced in handling the complex challenges that come along with owning and running a business We assist business owners at every stage of the business journey. If you are facing challenges with your business or have questions about LLC formation or succession planning

August is National Black Business Month in America, a time when individuals and businesses recognize Black-owned businesses across the country. There are nearly 3,000,000 Black-Owned Businesses Black-owned businesses with no employees in the United Black Business is Big Business Minority-owned businesses bring in $1.3 trillion in annual receipts. 4 Latinx small-business owners, and 29% by Black small-business owners.