In addition to estate planning, business owners must make arrangements for succession planning if they want to protect heirs and employees. Creating a business succession plan allows for the orderly and lawful transfer of control of your business, avoids disrupting business operations and negatively impacting the business’s value.
Business Law Articles
A limited liability company formed in Pennsylvania (“LLC”) is an entity which, once properly formed and registered, is then controlled by its members or a designated manager. Members in an LLC enjoy substantial, but not complete, immunity from personal liability for the activities of the LLC. Members can be held liable for certain actions.
Find answers to many frequently asked legal questions for new businesses such as: what type of business entity should I form; do I need legal advice just to form my business; is Legal Zoom or another online business law company a good way to start a business; what is the best way to protect my personal assets from creditors; how long will it take to get Pa. LCB approval of a liquor license transfer and is it important to have written contracts with my employees and independent contractors.
What I want to share are my experiences in attracting and retaining clients and my belief that lawyers and all service professionals enrich their professional lives in many ways through building and nurturing client and business relationships. My keys to building and nurturing good client relationships are active listening, sound advice, referrals to other professional advisers, my personal perspective and referrals to my client's business.