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Limited Liability Company

Sep 04, 2018

To Do Due Diligence: It’s Not Just for Mergers & Acquisitions

Legal due diligence is most often discussed in the context of merger and acquisition transactions.  This makes sense; when a person or business seeks to purchase another business entity, it is prudent to know exactly what is being purchased.  However, due diligence is often overlooked in other, less obvious, contexts.» Read More

Aug 14, 2018

Single Member LLCs – Best Practices for Maintaining Liability Protection

In Pennsylvania, forming a corporate entity for your business (particularly an LLC) is a good first step in liability protection for business owners, but it is only the first step.  Once your LLC has been formed, you must take certain actions (and avoid certain others) to maintain a separate existence between yourself and your entity to ensure maximum liability protection.» Read More

Jul 31, 2018

Limited Liability Companies: Important Considerations to Make from Beginning (Part 2)

In my first post for the Biz Law Blog, I discussed the benefits of choosing a Limited Liability Company (“LLC”) as the entity for your business.  In this post, I will discuss some important considerations for you when starting your business.» Read More

Jul 30, 2018

Start-Ups Should Implement Legal Formalities Early to Make it Easier to Grow Later

We frequently hear from overextended small-business owners that they spend all their time micromanaging every facet of their business. Putting out small fires seems to be the daily job description of these start-up entrepreneurs. However, it is equally common to hear that small-business owners, particularly sole owners, have ignored most or all corporate formalities for years, or even, forever.» Read More

Jul 26, 2018

Limited Liability Companies: Easy to Set-Up and Worth it to Protect You and Your Business (Part 1)

I have heard from many people that they do not have any entity formed for their business and operate as a sole proprietor.  If operating as a sole proprietor is best for what you do, and your business has very limited liability for the owner, it might not be a bad move. » Read More