How to Buy a Business in Pennsylvania: Legal Steps From Search to Closing
Learn why it would be beneficial to have an attorney help in buying a business.
Profit Sharing for Business Partnerships: How to Split & Distribute Profits
If you are entering a new business partnership, one of the first real tests of the relationship will be this simple question: how are we going to split the money? It feels easier to postpone that conversation until the business is profitable. In reality, waiting is what leads to hurt feelings, “phantom income” surprises, and, […]
Business Purchase Agreement in Pennsylvania: Key Clauses, Required Documents & Red Flags
You signed a letter of intent, agreed on a price, and started planning for closing. The deal is still not finished. A business purchase agreement turns the LOI’s main terms into binding obligations and assigns risks the LOI usually leaves open. Before signing, confirm exactly what you are buying, which liabilities you are assuming, what […]