Legal Insights Blog

This article will briefly overview Pennsylvania’s new annual report requirements, including who is required to report, required reporting information, and penalties. What Created the Reporting Requirement? On November 3rd, 2022, Governor Tom Wolf signed Act 122 of 2022 (the “Act“) into law, which created a new annual report requirement for domestic and

As corporate counsel, we strive to keep our clients updated regarding their compliance obligations. While the Corporate Transparency Act (“CTA”) was enacted in 2021, it has become a compliance issue for business owners in 2024 as that is when the reporting requirements begin to take effect. The number one question

The idea of “mergers and acquisitions” or “M&A” can be a bit of a misnomer. Mergers are different and, frankly, less common than acquisitions, and acquisitions can be further split into asset sales and equity sales. Why engage in a Merger or Acquisition? A company might consider acquiring another company

What is a franchise? A franchise is a license that grants the receiving party, the franchisee, access to the issuing party, the franchisor, proprietary know-how, processes, and trademarks. This allows the franchisee to sell products or services under the franchisor’s business name. How are franchises regulated? Franchises are regulated at

When forming a new business, the entity’s legal structure can be just as important as its purpose. Below are brief descriptions of various business structures and some of their Pros and Cons. Sole Proprietorship Sole Proprietorships are non-registered, unincorporated businesses with just one (1) owner and no legal distinction between