The laws that apply to businesses are constantly evolving. As new industries develop and old industries evolve, lawmakers enact new laws and update existing ones to better reflect the modern economy. In 2021, federal lawmakers passed the Corporate Transparency Act...
Business Law
What is a hard money loan?
Commercial real estate deals often involve "hard money loans”. In this case, the private lender offers fast cash financing at a higher interest rate and lower loan to value ratio than an institutional lender. Rather than a mortgage company, credit union or bank, the...
Business Partnership Disputes Are Not Unusual
Business partnerships are a lot like a marriage. Like marriage, certain areas of dispute commonly crop up at various points. Ideally, the partners find an amicable way to resolve the disagreement and reach a consensus. The best way to deal with disputes is to put an...
10 Steps For Successfully Launching A Business
An estimated 32.5 million businesses employed 46.8% of the private workforce in 2021. Moreover, a record 5.4 million businesses were launched in 2021, which represents a lot of people chasing their dreams during the great resignation and coming out of the pandemic...
Covid As A Defense To Commercial Collections (Revisited)
During the COVID emergency of 2020, many commercial borrowers and commercial tenants suffered loss of revenues and fell into arrears on their scheduled mortgage or rent payments. Business revenues fell either because the businesses were required to be closed by...
Key considerations for a business contract
Handshakes often seal agreements, but any deal for goods and services should be in writing. Memories are often unreliable regarding details, and disputes can come down to a "he said, she said" duel. It can leave little accountability in the agreement, particularly...
Steps to take when launching a business
Opening up a business is an important moment for an entrepreneur, if not the realization of a longtime dream. Although lawyers do not typically prepare a business plan, we can review them to be sure that legal matters are properly addressed. We can also help you...
Pennsylvania Supreme Court Voids Certain “No Poaching” Agreements
The Pennsylvania Supreme Court, in a case of first impression, held that a “no poaching” agreement that was a part of a contract between two business entities was an unreasonable restraint of trade and therefore unenforceable. A “no poaching” agreement is an agreement...
What to know about negotiating a contract
A contract is an agreement that defines a specific relationship between two or more parties. In most cases, a contract may be oral or written, although some contacts, such as those involving the purchase and sale of real estate must be in writing to be enforceable. In...