FFCRA: What you need to know
Families First CoronaVirus Response Act In response to the novel coronavirus (COVID-19) outbreak, the House and Senate have passed the Families First Coronavirus Response Act (FFCRA), and President Trump has signed it into law. The following is intended to provide you with a clear picture of the new law and its impact on your business without wading through the minutiae of … Read More
Important Consideration for Purchasing a Business
Among those who desire to own their own business, many attempt to build a company from scratch. That, however, is not the only available option. Purchasing a company that is already in existence is a valid alternative. If you are interested in potentially acquiring a business instead of starting one from the ground up, there are several vital questions to … Read More
Commercial Space: Should You Lease or Buy?
The location of your small business is an important factor in whether it succeeds or fails. Accessibility to customers, vendors, and employees, proximity to competitors, and zoning restrictions are just a few of the factors you have likely considered. Once you have determined the best location for your business, the next question is whether to lease or buy your commercial … Read More
Six Steps for Forming an LLC
One of the first decisions to make when starting a business is what type of business entity to form. The limited liability company (LLC) is one of the most popular business structures because it offers a level of flexibility and legal protection that is attractive to many people who are starting their own businesses. The following six steps will help … Read More
Making an S Corporation Election as a Married Business Owner
If you’re a married business owner and you want your business to be taxed as an S corporation, there are several things you need to know. The difference between community property and co-ownership of an asset Let’s take the example of owning a car. If you and your spouse are both on the title to a car, you co-own the … Read More
I’m Starting a New Business – Should I Form an LLC or an S Corporation?
Entrepreneurship has been called the new American dream. Hanging a shingle starts with an idea that develops into a business plan, but not without careful financial and legal considerations. Among the decisions that new business owners grapple with is whether to form a limited liability company (LLC) or an S corporation (S corp). There are similarities and differences between LLCs … Read More
Five Things Contractors Should Know About the Notice & Opportunity to Repair Act
Five Things Every Contractor Should Know About the Notice & Opportunity to Repair Act (NORA) By: John Avondet, Esquire This publication is intended to notify readers of developments in the law. It should not be construed as legal advice or opinion on any facts or circumstances, nor should it be construed as insurance brokering advice on any facts or circumstances. … Read More
Business Defamation: Keep it to yourself
Sometimes I catch my 12 year-old daughter intensely muttering things to herself. This typically occurs after my wife or I have committed some perceived wrong, thereby wrecking her pre-teen life. When asked what she is saying she always says, “nothing.” My daughter wisely knows that the things she is saying to herself will get her in trouble if spoken to … Read More
The Business of the BBB
Lawyers get things done. A truism apparently learned by my 10-year-old son. During a recent recess at school he used such knowledge in his negotiations with a local mom who was volunteering her time. The bell had rung and it was time to go back to class. My son decided he needed more time on the playground. The local mom … Read More
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