Agreements made under seal in Pennsylvania are subject to a 20-year statute of limitations, which means that the party enforcing its agreement has up to 20 years from the date the agreement is [...]
Pennsylvania Limited Liability Companies Beware: New Act Presents Opportunities but Poses Traps
In Corporate Issues PostedThe Pennsylvania Uniform Limited Liability Company Act of 2016 (the “Act”) became effective on April 1, 2017. It applies, however, to all Pennsylvania limited liability companies (“companies” and [...]
Firm Hosts Data Security Event on May 27 in Pittsburgh, PA
In Corporate Issues, Risk Mitigation PostedHeadlines about data security breaches at big companies grace newspaper covers on a weekly basis. But your company doesn’t have anything to steal, right?…Wrong. Get prepared now by [...]
Two Traps for the Unwary in Articles of Incorporation for Pennsylvania Corporations
In Corporate Issues PostedParties forming new corporations often file preprinted form articles of incorporation without considering whether they are appropriate for the corporation being formed. Such form articles of [...]
Recent Change to Pennsylvania Mechanics Lien Law Provides Safeguard for Secured Lenders
In Corporate Issues PostedA considerable problem for real estate lenders existed when a potential borrower approached a lender for a construction loan after construction commenced. The prior version of the Pennsylvania [...]