Once you’ve decided to form your limited liability corporation (LLC), there are many things you need to do as part of the startup process. One of your main tasks is drafting an operating agreement. What is an operating agreement? An LLC operating agreement is a...
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While Lancaster and the surrounding areas have their share of large employers, many if not most people in the area earn their living by working for or owning small or mid-sized businesses. Many of these smaller businesses will either have no full-time in-house...
Deciding on the right type of business structure
When a person wants to start a business, he or she may want to understand what type of business structure is the right one to use. In Pennsylvania, there are four main types of business structures, each with their own advantages and disadvantages. Each business...
What should I consider when deciding where to locate my business?
After graduation from high school or college, many young adults have a good idea for a business they and a buddy want to go into together. It could be a landscaping business, a coffee shop or an accounting firm. Really, the possibilities are endless for those who are...
3 tips to avoid vague language in a business contract
Whether you are in the early stages of business formation or are developing relationships to further grow your organization, writing strong contracts is crucial. It is common for the owner to favor his or her business in the terms of the contract, but it is important...
Non-compete agreements aren’t always enforceable. Will yours be?
By their very nature, non-compete agreements in employment are a restraint on trade. If you require employees to sign these agreements, you should be aware that there are limitations on what can be in the agreement. Courts will scrutinize these agreements for fairness...
Pros and Cons of business partnerships
Business ownership can lead to long hours and hard work, but if you put in the time and effort, the feeling of success, security and freedom and worth it. You have had a business idea for a while but aren't sure where to get started. What if you brought in a business...
Four things to do before you start a business
Taking the plunge by starting your own business for the first time is bound to feel exciting, scary and so right. It’s a risk, but there are ways to reduce the risk and maximize the chance that you’ll be the best boss you ever had.Here are some of the...
Can I name my LLC whatever I want?
You’ve decided to finally take the leap and start your own limited liability company (LLC). Congratulations. This is an exciting decision to make. One of the first things you figure out after the purpose of your business is what you’re going to call...