As a small business owner, you always want to find ways to improve the flow of your business. You want to see increased profits year over year and to make money doing what you enjoy. Harnessing the power of social media is one way to do this that can help you stay...
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Do young entrepreneurs need a business license in Pennsylvania?
The proposed "Free the Lemonade Stand" bill successfully passed through both Pennsylvania legislative bodies in July. It now will move to the Governor’s office where, hopefully, it will soon be signed into being. This bill was first presented in the Pennsylvania House...
Happening now: The largest wealth transfer in history
Baby Boomers have about 70% of the disposable income in the United States. This generation has amassed trillions of dollars that must eventually move down to the next generation. This process, often referred to as the biggest wealth transfer the world has ever seen,...
Should you start your business on the side or go all in?
If you’re thinking of starting a business, you may be wondering if you should quit your job and go "all in" on this new company, putting all of your time, energy and money into making it succeed, or if you’d be smarter to start it on the side. Doing so does mean...
Should you leave an adult child caregiver a larger inheritance?
Many parents who have more than one child believe it’s only fair to leave each of their children an equal amount of money and/or other assets in their estate plan. However, “equal” doesn’t always mean “fair.” There are a number of reasons why parents might believe...
6 things you can do to help your business thrive
As you start your new business, you want it to be as successful as possible, and you want some element of early stability. Both of these goals are reasonable and also hard to achieve without knowing what you can do to put your company in the best possible position. ...
What happens to your Pennsylvania estate if you die without a will?
Who takes over your estate when you pass on without an estate plan in Pennsylvania? Legally, this is referred to as dying intestate. Every state has put in place an intestate succession law or statute to handle this situation. These laws are meant to protect the...
When Is DBA Preferable To LLC For A New Small Business?
If you’re going into business for yourself, one of the first and most important decisions you’ll need to make is what type of business structure to use. Many small businesses choose either a DBA (doing business as) or LLC (limited liability company). Both have...
Joint tenancy and probate
Probate is the process of distributing assets after someone dies. There are various ways to avoid probate or limit what assets go through the process at all. But it is often a crucial part of the process. Joint tenancy, meanwhile, indicates that two people are equal...
What happens if an LLC is set up incorrectly?
When you incorporate your business, it is very important to get it right the first time. After all, you don’t want to launch your new company under a cloud of impropriety. You chose an LLC over a sole proprietorship or some other business structure for solid and...