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Recent Posts in Entities Category

Winding Down Doesn't Have to Mean Winding Up

There are times when the best thing an entrepreneur can do is to say "That's enough. It's time to stop operating this business." For some, the decision will entail passing the ...
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Single Member LLCs Must Use Counsel in PA Court of Common Pleas

Litigation is expensive. All too often, a person or company will have to abandon a claim because the cost of litigation is simply too high to justify pursuit of the claim. In Pennsylvania, Magisterial ...
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Tax Returns Filed? Good. Now is the Time to Worry.

We are used to feeling the winds blow when we are outdoors in March. But what are those breezes we feel when we are inside our offices in April? They are the effects of exhalations of principals, ...
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Another New Entity Law in Pennsylvania

Pennsylvania: A large state with a diverse population to match, with big cities such as Philadelphia and Pittsburgh, small manufacturing and mining towns, farmlands, distributors and middle-America ...
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New PA Entity Transactions Law Effective July 1, 2015

For decades, if the decision-makers of a Pennsylvania business entity wished to change the structure of that entity, the only way they could do so would be to dissolve the existing entity and to form ...
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Register in a Different State to Protect Your Rights

I can see the look on my client's face when I recommend that, if the client plans to do business in another state, he or she should register the company to do business in that state. The ...
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Who Should Pay When a Shareholder Sues the Corporation?

Why do so many attorneys and professional advisors recommend forming "Delaware corporations"? Why is it that Delaware is to corporate law what McDonalds is to franchising? For many, the ...
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Application for Charitable Organization Status as Easy as "1[0]23"

The IRS is making it easier to help smaller charities apply for 501(c)(3) status. Organizations with less than $50,000 in annual receipts and less than $250,000 in assets can now apply, on line, by ...
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