Business & Tax Articles

There are several forms of nonqualified deferred compensation arrangements. Each company must evaluate its objectives and workforce needs to determine which approach best supports and rewards its key employees. When properly aligned, these arrangements can create meaningful benefits for both the organization and its employees. The following examples illustrate how specific deferred compensation strategies can be matched to the needs and goals of key employees.

Pennsylvania Act 29 of 2026 took effect on September 18, 2026, and requires certain real property owners to provide contact information to the county where the property is located. The law directs each county's chief assessor to establish and maintain a property contact information list that municipalities may use to contact covered owners or their representatives regarding property maintenance, property upkeep, and municipal ordinance or code violations.

An employer may establish a Trump Account Contribution Program (TACP) to enable contributions to dependents of employees. 

One of the primary advantages of forming a corporation or limited liability company (LLC) is the protection it can provide between a business owner's personal assets and the business's liabilities. However, that protection is not absolute. In certain circumstances, a court may disregard the separate legal status of a business and hold its owners personally responsible for business debts or obligations. Understanding how piercing the corporate veil claims arise and what steps can be taken to avoid them is important for business owners who want to protect their personal finances.

Contracts are the foundation of most business relationships. Whether your company is hiring employees, purchasing goods, engaging vendors, leasing property, or entering into service agreements, contracts help define expectations and allocate rights and responsibilities. However, not every business agreement is legally enforceable. Understanding what Pennsylvania law requires for a valid and binding contract can help businesses reduce risk, avoid disputes, and better protect their interests.

When starting a business, owners often focus on choosing an entity, obtaining licenses, and opening bank accounts. However, many business owners overlook one important legal requirement: maintaining a registered agent. Whether you operate a corporation, limited liability company (LLC), or another business entity, understanding the role of a registered agent can help ensure your company remains compliant and receives important legal and governmental communications in a timely manner.

This article briefly describes mandatory autoenrollment rules as adopted by SECURE 2.0.

Most plan sponsors don’t think too much about the contribution limits that apply to retirement plans such as 401(k), 403(b), IRAs, and other such plans.

On June 15, 2026, the Pennsylvania Supreme Court issued its long-awaited decision on the legality of so-called “skill games.”  

What to Know About the Rothification of Catch-Up Contributions

Converting a sole proprietorship into a limited liability company (LLC) is one of the most common steps Pennsylvania business owners take as their companies grow. While sole proprietorships are simple to operate, they offer no separation between personal and business assets. Forming an LLC can provide added legal protection, flexibility, and credibility, making it a smart move for many entrepreneurs ready to take their business to the next level and update their business structure to fit their needs.

Changing your business structure is a major decision that can affect everything from your daily operations to your tax obligations and long-term growth strategy. Whether you are transitioning from a sole proprietorship to a limited liability company (LLC) or converting your LLC into a corporation, the process requires careful planning and compliance with Pennsylvania law. Understanding your legal options and the steps involved can help ensure a smooth transition while protecting your business from unnecessary risk.

While your LLC can legally exist without an operating agreement, doing so can create uncertainty, expose owners to risk, and leave critical business decisions governed by default state laws rather than your own preferences. Understanding what happens without this document, and why it matters, can help you protect and strengthen your business.

Minority shareholders play an important role in privately or closely-held companies, even though they do not control decision-making. Their rights are designed to provide fairness, transparency, and protection against potential abuse by majority owners. Understanding these rights is essential for anyone who owns, or is considering acquiring, a minority interest in a private company, especially in a state like Pennsylvania, where corporate governance laws provide both protections and limitations for businesses.

When acquiring a business, one of the most important decisions is how the transaction will be structured. Buyers typically choose between an asset purchase and an equity (stock) purchase, each of which carries different legal, financial, and tax implications. Understanding the differences between these approaches can help buyers and sellers structure a deal that aligns with their goals while minimizing risk.