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....

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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....

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...

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...