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In the United States there is a general rule, known as the American Rule, which provides that the parties in a lawsuit are responsible for paying their own legal fees,…

Multi-member limited liability companies (LLCs) are a popular choice for businesses due to their flexible management structures and liability protection. However, as with any organization, conflicts can arise among members…

Knowing the differences between the available taxation options for your company can help you maximize your profits and minimize your tax liability. If you form an LLC, there are two…

Here at MBM, we get a lot of questions from small business clients about whether registering a fictitious name affords a business the exclusive right to use that name. It…

The Risks and Rewards of Being a Sole Proprietor Starting a business is an exciting endeavor, and one of the first decisions that you will make is choosing a business…

A corporation is a legal entity that is separate from its shareholders, directors and officers, and limits the liability of those individuals. Every Pennsylvania corporation is statutorily required to maintain…

The term “fiduciary duty” is used to describe a legal relationship between two parties where one party owes a duty of care to the other and is entrusted to act…

Most companies possess confidential information which is an asset of the business. Indeed, the information may be the company’s most valuable and marketable asset. Confidential information includes know-how, client lists,…

Clients often ask what we mean when we talk about “adequate capitalization at start-up.” Adequate capitalization generally describes the ability of a company to meet its capital and operating needs…