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Business Law Archives

The basics of a severance agreement

Pennsylvania recognizes at-will employment. This means that an employee can be fired at any time with or without cause. On the flip side, an employee can quit a job at any time. Of course, there may be consequences for prematurely terminating employment, especially when that employment is dictated by an employment contract or discrimination has occurred. However, there may come a time when negotiating a severance package is in both parties' best interests.

What is "venture capital" under business law?

Individuals who are interested in starting a business have many important decisions that they must make. One critical issue that they must figure out is how to raise the funds needed to finance their endeavor. This week we want to take a brief look at venture capital and how it can be beneficial to entrepreneurs. Venture capital is money that is obtained from investors and investment banks for the purpose of starting a business. These investors generally take an equity interest in the business with the intent of later selling off that equity for a profit. Venture capital, while usually financial in nature, can come in other forms. Individuals can invest expertise in a number of fields, including the technical and managerial realms, to help a business get up and running.

What if you receive a citation for violating liquor code?

For an establishment that serves alcohol, losing a liquor license is incredibly detrimental and may even ruin your business. In Pennsylvania, it is the Pennsylvania State Police, Bureau of Liquor Control Enforcement (PSP BLCE) that enforces liquor license violations.

Business law and the importance of debt financing


Starting a business can be a tricky endeavor. Those who are successful in doing so can feel an enormous sense of pride, as they should, since this is a big accomplishment. However, business troubles don't end with the successful creation of a business. Instead, they are oftentimes just beginning. Knowing how to handle these matters in a way that protect your and your business's best interests is imperative to surviving in today's cutthroat business world.

Be prepared for the changing business landscape


As we discussed on a recent post to this blog, the digital age has reshaped the ways in which business is carried out. While this can make markets broader and communications more efficient, it can also make matters more confusing. In the world of business, misunderstandings and downright deceit can have enormous ramifications. Breached contracts can result in the loss of tens or even hundreds of thousands of dollars and damage to an individual or a business's reputation.

Business law: the basics of franchising


There are a number of ways to start a new business. Some people take a unique idea or an old idea with a fresh twist and start their enterprise by building it from the ground up. Others, though, would rather jump into a business that is already reputable and has supply chains intact. For those in this latter group, franchising can be a great option.

What is a business plan?


The decision to start a business isn't one that should be taken lightly. Those who choose to engage in entrepreneurship often wind up putting their future and their finances on the line. When their businesses fail, their financial security and future can take a significant setback. This is why it is imperative for these individuals to engage in careful and thorough planning. By doing so, they may be able to create a sustainable and profitable business that can give them a sense of achievement of which they can be proud.

Understanding the employment contract


There's no doubt that the economy has recovered considerably since the Great Recession. With the job market growing in response and the employment rate continuing to decline, employers are often left competing for the best employees in their field. This means that the terms of one's potential employment need to be strong, which is sometimes commemorated in a contract.

The pros and cons of partnerships


Before a business can get up and running in Pennsylvania, many important decisions must be made. Amongst those decisions is the one regarding the structure that the business will take. There are often advantages and disadvantages to each, and fully understanding them is imperative to making the right decision.

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