As we reported in a previous client alert, the U.S. District Court for the Eastern District of Texas issued...
The Corporate Transparency Act: Latest Developments
As you probably heard, the U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction on...
They Are Here: Beneficial Ownership Reporting Requirements for Small Businesses Go Into Effect January 1, 2024
Last year, we warned you in our business law blog that a new law, the federal Corporate Transparency Act, would...
Coming Soon: Beneficial Ownership Reporting Requirements for Small Businesses
On January 1, 2021, Congress enacted the Federal Corporate Transparency Act (the “CTA”), pursuant to which a secure database will...
What is a Contract: Part 4: Representations, Warranties, Covenants – The Bones of the Agreement.
This is the fourth installment of my continuing blog series explaining the main elements of a contract, which are outlined...
What is a Contract: Part 3: Conditions – When Is a Promise No Longer a Promise?
This post continues my series explaining the main elements of a contract, which are outlined on the attached infographic. My...
No Hire Clause Called into Question
Many companies use restrictive covenant agreements with key employees to guard against economic harm to the company by an employee...
What is a contract: Part 2: Offer, Acceptance, Consideration: What’s in it for you?
This post continues my series explaining the main elements of a contract, which are outlined on the attached infographic. My...
What is a Contract: Preamble/ Recitals – Let’s begin at the beginning
This post continues my series aimed at explaining the main elements of a contract. These elements are outlined on the...
What is a Contract, and Why You Should Read the Fine Print
As a business owner, you are routinely asked to “sign on the dotted line.” The document could be a purchase...
Legislative Updates Owners of PA LLC’s & Partnerships Need to Know – Part 2
Earlier this year, amendments to Pennsylvania’s statutes governing partnerships and limited liability companies (often referred to as unincorporated entities or...
Legislative Updates Owners of PA LLC’s & Partnerships Need to Know – Part 1
The Pennsylvania General Assembly, with significant input from the Pennsylvania Bar Association’s Business Law Section, recently passed Act 170, which...
Pennsylvania Sales Tax Now Applies to Support, Maintenance and Updates of Canned Computer Software
The Pennsylvania legislature recently enacted changes to the state sales tax code that affect computer software providers and their customers....
Scam Alert for Pennsylvania Business Owners
Scammers targeting Pennsylvania businesses have been hard at work this summer. The Pennsylvania Department of State reports that three separate...
Entity Transactions Act: New Rules, Forms and Vocabulary for Pennsylvania M&A Transactions
On July 1, 2015, the Pennsylvania Association Transactions Act (also known as the Entity Transactions Act) (the “Act”) went into...
Recent Amendments to POA Law Have Unexpected Impact on Commercial Lenders
Commercial lenders in Pennsylvania await action by the legislature to fix what appears to be an unintended byproduct of recent...
A Cautionary Tale for Commercial Lenders: Beware of Term Sheet & Commitment Letter Language
Commercial lenders were left shuddering in the wake of a September 6, 2013 Pennsylvania Superior Court decision that affirmed a $3.6 million Bucks...
Sealed with a ……. 20 Year Statute of Limitations
From time to time, a client asks about when and why a corporate seal is necessary. Even some attorneys (particularly...
Good News for Pennsylvania Home Improvement Contractors
Four years ago, the Home Improvement Consumer Protection Act (HICPA) went into effect, forcing home improvement contractors to register with...
Do Delaware LLC Managers Have Fiduciary Duties? Maybe.
Just when minority owners of Delaware LLCs thought that the Delaware Limited Liability Company Act (the “Act”) protected them from...