One of the important aspects of forming a business in Pennsylvania is deciding on the business form you will use. You have options, but the most common for a person forming a business by themselves is a sole proprietorship, as explained by Entrepreneur. This business form is the easiest to create because it requires no legal steps. You are operating the business as the sole owner, so you do not have to worry about partnership agreements. You are not forming a legal entity, such as a corporation, so you do not need to file any special legal documents in forming your business.
Divorce: What happens if we comingle non-marital property?
One thing many Berks County couples do not give much thought to unless they separate involves combining their personal assets. Divorce is often challenging enough when establishing spousal and child support, custody and parenting time. When concerns arise regarding the division of assets, re-dividing the property is not always as easy as it was to combine.
What is a power of attorney?
You may have a situation where you or a loved one needs to create a power of attorney in Pennsylvania. In this situation, it is a good idea to understand exactly what this legal document is and what it can do. According to the National Caregivers Library, a power of attorney grants a person the right to make decisions for you.
What is co-parenting?
Like many other states, Pennsylvania is quickly seeing its family courts lean more towards enforcing co-parenting over giving one parent sole custody of the children in a custody case. The idea of co-parenting, according to Money Crashers, is when both parents work together to parent their children. You each retain your authority and rights over the children as if you and the other parent were still together as a couple.
What should you know about starting an LLC?
Some Pennsylvania entrepreneurs decide that for their new startup company, forming a limited liability company (LLC) is the way to go. According to an article in Forbes magazine, an LLC is a popular choice because of the limited liability it offers to its owners, as well as a lack of double taxation that is usually found with C corporations. As with other business formations, there are a number of general requirements expected in forming an LLC.
