Why Every Pennsylvania LLC Needs an Operating Agreement By: M. Zane Johnson, Esq. When it comes to small businesses, we often only hear about the success stories. But as a small business attorney, I frequently receive calls from those on the opposite end of the spectrum — folks whose entrepreneurial dreams have turned into nightmares. […]
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Building a Solid Foundation for Your New Business By: M. Zane Johnson, Esq. A solid foundation is critical to the success of your business. Not only does it provide protection from the risks that could derail your dreams, but it also puts you in position to take advantage of new opportunities that can help your
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Do I need a vending machine license in PA? By: M. Zane Johnson, Esq. Operating vending machines is one of the most popular side hustles out there, and it’s not hard to understand why. They’re relatively inexpensive to set up, easy to manage, and can provide a solid stream of passive income. However, many aspiring
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Working with an Attorney on a Shoestring Budget By: M. Zane Johnson, Esq. The other day I was reading about a Rocket Lawyer survey that found that less than a third of small business owners worked with a lawyer in the past year. As the founder of a small business law firm, these numbers are
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The Truth About Owning Nothing and Controlling Everything By: M. Zane Johnson, Esq. “Own Nothing, and Control Everything.” If you follow popular entrepreneur influencers on social media, you’ve probably encountered this phrase. It refers to the idea that, as a business owner, the best way to preserve your wealth is through the use of business
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Legal Strategies for Building Generational As a business owners, our goal is not just to find personal success, but to build a lasting legacy for the generations that follow us. However, even entrepreneurs who build successful businesses often struggle with passing it on to the next generation because they don’t have the proper legal structures
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Questions to Ask Before Starting an LLC Are you interested in starting your first business and escaping the rat race? Then you’ve probably thought about forming an LLC. Most new entrepreneurs decide to start their first business as an LLC, and it’s not hard to understand why. Setting up your business as an LLC not
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Does BOI Reporting Mean the End of Anonymous LLCs For many business owners, privacy is a major concern. And rightfully so. Just because you’re running a business, doesn’t mean you want your personal information shared with the public. For years business owners have been allowed form and register anonymous LLCs to maintain their privacy while
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NIL Rights in Real Life By Patrick Hanafin and Zane Johnson The AND1 Ballers Could Have Used a Good Lawyer Debuting in 1998, The AND1 Mixtape was a cultural phenomenon. The concept was simple: take the highlights from various pickup basketball games and have a DJ slice up some hip-hop beats under the edited footage.
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Will an LLC Protect My Personal Assets? LLCs and Limited Liability One of the main reasons people form LLCs when starting a business is to protect their personal assets. But if something happens, will an LLC actually protect your personal assets? It Depends. Generally speaking, the LLC structure limits business owner’s personal liability. Limited
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