Blog Category | Business law
Elias Kohn of Kimberton Law read a quote from a famous jurist, Justice Cardozo, during law school that stuck with him. The idea was that the law had progressed from a time when a single missing word in a contract was fatal. The passage came from Justice Cardozo, who wrote...
Before you use an online service or a chatbot to form your LLC, it is worth understanding what those tools can do, what they cannot, and what their mistakes can cost you. Clients regularly call me after their LLC has already been formed. They used an online service provider they...
S-Corp tax status can be a great option for some small businesses, but it comes with strict rules. Not every business qualifies, and violating these rules can cause you to lose S-Corp status automatically. First, S Corps are limited to 100 owners or fewer. All owners must generally be individuals,...
One of the biggest advantages of forming an LLC is flexibility, especially when it comes to taxes. By default, an LLC is taxed as a “pass-through” business, meaning profits flow directly to the owner’s personal tax return. But an LLC can choose to be taxed as an S Corporation, and...
Learn when forming an LLC in Pennsylvania makes sense. Attorney Elias Kohn explains benefits, taxes, and protection for small business owners. Starting a business, investing in real estate, or launching a freelance career in Pennsylvania is exciting. Choosing the right legal structure is one of the most important early decisions...
Explore the pros and cons of recording a property deed yourself versus hiring a lawyer. Learn how to avoid costly legal errors and protect your investment. After a property is transferred, the final step to make it official is recording the deed. This process involves submitting the signed deed to...
Contracts determine your rights, your obligations, and your exposure when something goes wrong. Yet many businesses sign agreements that contain unclear terms, one-sided provisions, or missing details that only become obvious after a dispute arises. At that point, the business is often locked into expensive litigation, forced arbitration, or unfavorable...