The prospect of forming a new business in Pennsylvania can be both exciting and overwhelming. Based on the goals you want to accomplish and how you want to operate, one of the first things you need to do is decide on a business structure. Business structures range from the simple (partnerships and sole proprietorships) to the complex (corporations and LLCs).
The importance of opening a business bank account
Some Pennsylvania small business owners may find it redundant or unnecessary to open up a bank account strictly for their business. Why go through all the trouble of setting up a new account when you can use your existing one to write checks and receive deposits? However, in reality, setting up a business account is both a wise and in many cases the legally prudent move.
What are the primary advantages of trusts?
As someone who is trying to determine the best way to preserve your wealth for future generations, you may be weighing your estate planning options and trying to figure out your best course of action. While you have numerous estate planning options at your disposal, one method you may want to consider using if you wish to leave as much behind to your loved ones as possible involves establishing a trust.
Addressing concerns about credit card debt after death
With the widespread use of credit cards in everyday American life, it is natural to wonder what would happen if your parent or spouse passed away in Pennsylvania with a significant amount of credit card debt that remains unpaid. Will the credit card company come after you or other relatives for the outstanding debt? It is an understandable fear, but it is one that should not terrify you.
Why you should have legal counsel during divorce arbitration
In the universe of divorce options, arbitration stands in the middle between court litigation and mediation. It bears some resemblance to both choices but is not quite the same as either one. With arbitration, you can expect greater control over your divorce proceeding than you would in a Pennsylvania court, but less than you would with mediation. If you are exploring divorce arbitration as an option, you may also wonder if you should hire an attorney to help you through the process.
