It can be extremely difficult to guide a small business’s growth as you hire on more employees and expand your market share. There are a few pitfalls that too many expanding small businesses fall into, but that you can avoid with careful forethought and planning....
Common employment law pitfalls for small business owners
On Behalf of Bellwoar Kelly, LLP | Jan 31, 2022 | Business Law
The moment when there is enough demand for your product or service that you need to start hiring support is an exciting time. It’s a moment when you can see your progress and your business is growing. Along with employees come substantial responsibilities. While some...
What new business owners should know about employment law
On Behalf of Bellwoar Kelly, LLP | Nov 19, 2021 | Business Law
Starting a business is a significant achievement, but it also involves a lot of work and careful planning. As a new business owner, you must ensure your business complies with the federal and state laws in different areas, especially regarding your employees. If you...
Important steps to take before closing your business
On Behalf of Bellwoar Kelly, LLP | Sep 20, 2021 | Business Law
When you started your business, your ambitions were high and so was your confidence. You sought investors and got them. You sought qualified employees and got them. You knew it was never going to be easy, and you made a go of it. But competition was stiff. Even though...
The ideal qualities you want in a business partner
by Bellwoar Kelly, LLP | Jul 20, 2021 | Business Law
For a few years, you have considered a business idea, and, now, you decide it is time to take the plunge. Starting your own business has been a dream, and you are prepared to pursue it. But you understand this will not be a solo venture. You need a business partner, a...
Compliance tips for new business owners
On Behalf of Bellwoar Kelly, LLP | May 21, 2021 | Business Law
New business owners face stress at every stage of the process. From making decisions regarding day-to-day operations to developing a proactive succession plan as the company matures, owners must balance their organizational goals with the rules and regulations...
What is the right structure for your business?
On Behalf of Bellwoar Kelly, LLP | Mar 26, 2021 | Business Law
Running a business is obviously not a casual endeavor. In fact, establishing a commercial enterprise, nurturing it through initial phases and ultimately ensuring both its long-term viability and sustained profits is an arduous task for entrepreneurs and established...
Tips for splitting equity among founders
On Behalf of Bellwoar Kelly, LLP | Mar 15, 2021 | Business Law
When multiple people come together to start a Pennsylvania business, they are all entitled to a share of that company. However, there are several factors that will typically come into play when determining how much of a company a person should receive. Let's take a...
What is a trade secret?
On Behalf of Bellwoar Kelly, LLP | Jan 4, 2021 | Business Law
Occasionally, a company in Pennsylvania will develop a product, recipe or invention that sets them apart from their competitors. If their competition can replicate this process, they'll lose the advantage that attracts customers to their business. For this reason, the...
Issues to consider when creating a succession plan
On Behalf of Bellwoar Kelly, LLP | Nov 23, 2020 | Business Law
Ideally, you will start thinking about who will run your Pennsylvania business long before deciding to retire. Having a succession plan in place can ensure that the company remains a viable entity when you're no longer around to run it. There are a few pitfalls to...
Employment issues: a major focus for business owners
On Behalf of Bellwoar Kelly, LLP | Oct 16, 2020 | Business Law
Prospective Pennsylvania business owners with forward-looking vision and principals of already established commercial entities are obviously smart and proactive people. Put another way: The business realm is not for the unprepared or faint of heart. Forging ahead with...
How to choose a business structure
On Behalf of Bellwoar Kelly, LLP | Sep 21, 2020 | Business Law
If you are planning to start a company in Pennsylvania or any other state, it is important to know how the company will be structured. Your options include operating as a sole proprietor, forming a partnership or forming a corporation. It may also be possible to use...
4 reasons to have a business succession plan
On Behalf of Bellwoar Kelly, LLP | Aug 14, 2020 | Business Law
Business owners take great pride in their business – and for good reason. You spent years of hard work, time and money to create and build your company. Owning a business can be both challenging and rewarding, and you should do what you can to protect your company....
What should new business owners know about contracts?
On Behalf of Bellwoar Kelly, LLP | Jul 10, 2020 | Business Law
As you create and run your business, you will need to make deals with many different parties. You and your partners will agree on your roles and responsibilities. Vendors and suppliers will need to know how much of a product or service you need and how much you will...
Choosing the right business structure
On Behalf of Bellwoar Kelly, LLP | Jun 25, 2020 | Business Law
From the beginning, your business has specific goals. However, the way that the government taxes your business, your responsibility for any debts your business acquires and your ability to find investors can depend on the legal entity you choose when forming your...