Our Blog: Business Services

PA Proposed Tax Increases – Governor Wolf’s Budget Proposal for 2017

March 6, 2017
By S. John Kelly
Posted in Business Services

To balance his budget, Governor Wolf has proposed the following tax law changes: Collect a 6 percent severance tax on natural gas extraction from all formations. Effective date – July 1, 2017.  A credit would be allowed for... Read more

Pennsylvania 2017 Tax Amnesty – Discount Tax Relief

January 30, 2017
By S. John Kelly
Posted in Business Services

During the 60-day period from April 21 to June 19, 2017, the Pennsylvania’s Department of Revenue (“PA DOR”), will offer Tax Amnesty for pre-2016 taxes.  Taxpayers owing PA state taxes (such as PA employer payroll tax, corporate income tax,... Read more

New Department of Health Regulations Begin to Provide Guidance on Obtaining and Maintaining a Medical Marijuana Grower/ Processor Permit or Dispensary Permit in Pennsylvania; 28 Pa. Code §§1141.21 et seq.

November 3, 2016

by David L. Pollack, Of Counsel[1]  NOTHING IN THIS DOCUMENT IS INTENDED OR SHALL BE CONSTRUED AS ADVICE TO PARTICIPATE IN, OR COUNSEL WITH RESPECT TO, CRIMINAL OR FRAUDULENT... Read more

Section 280E of the Internal Revenue Code: Planning for Taxation of Medical Marijuana Businesses

October 19, 2016

NOTHING IN THIS DOCUMENT IS INTENDED OR SHALL BE CONSTRUED AS ADVICE TO PARTICIPATE IN, OR COUNSEL WITH RESPECT TO, CRIMINAL OR FRAUDULENT ACTIVITIES.  POSSESSION, DISTRIBUTION AND SALE OF MARIJUANA IS A SERIOUS CRIME UNDER FEDERAL LAW (AS IS TAX... Read more

Do you have a Family Limited Partnership or Family LLC? New IRS Regulations May Matter to You!

October 18, 2016

Back in the 1980s, if a business owner wanted to transfer her business to her children at a reduced tax cost, she might start with a C corporation and recapitalize it. She would keep a class of preferred stock that entitled her to receive most of... Read more

What Should I Buy (or Sell)?

October 13, 2016

Asset v. Stock Transactions So - you want to buy a business that you have been looking at for some time - or - you have decided to sell your business - what structure is right for the... Read more

Have you limited your liability today?

October 7, 2016

You have just finished negotiating the key terms of a new business venture.  The last thing either party wants to discuss are the potential risks of the venture not being successful. Although unpleasant, addressing the risks associated with a... Read more

Is Most of Your Business Connected Through Your Website?

September 20, 2016

Then you need to think about your Terms of Service, Privacy Policy and Endorsements. Many businesses are almost exclusively run through a website.  As a business owner you may have already thought about the legal issues... Read more

Beware the Unintended Binding Term Sheet

September 12, 2016

Term sheets and letters of intent are often used by parties to set out the key terms agreed to in principle prior to entering into negotiations of a more formal and final agreement. Although rarely used as the final all-inclusive agreement, a term... Read more

What’s in a Name? Helpful Tips for Changing Your Entity’s Name

August 17, 2016
By Lydia Gorba
Posted in Business Services

There are many things one must do to effectuate a business name change. Some of the steps constitute formal requirements such as filing an Articles of Amendment form with the Department of State. Others however, are internal, business specific... Read more