The Advantages of Hiring a Local Attorney – When confronted with the daunting prospect of bankruptcy or the labyrinthine complexities of legal issues, hiring a local attorney could be your most prudent course of action. It’s an unsettling thought indeed—handing over something as vital as your financial stability and property management to someone who might…
Phantom Stock: benefiting a hard working employee • Many small business owners wish to provide an incentive to a particularly hard working employee or several employees but prefer to keep actuall ownership of their business in the family. Formal employee stock option plans or 401(k) plans may be too expensive and involve complex rules. Phantom…
THE FEDERAL EXEMPTIONS AS ESTABLISHED BY CONGRESS Certain property which falls within the description of property of the estate is exempted either by exemptions established by the U.S. Congress, called Federal Exemptions, or by exemptions established by states, called State Exemptions. in some states Debtors are free to choose either the Federal or the State…
limitation of liability is not absolute Controling Shareholder liabile for employee wages A sole or controlling stockholder may be held liable for the wages of employees, even though the corporation is the actual employer, due to the Pennsylvania Wage Payment and Collection Law. 43 P.S. §§ 260.2a, 260.9a(b Best practices suggest that a close working…
Statutory limitation of liability is not absolute The limitation of liability of business owners and professional practitioners created by statute for corporations, limited liability companies, professional partnerships, and limited partnerships, differs from state to state and can be pierced under a variety of circumstances. The choice of a state usually constitutes a choice of the…
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