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A partnership business entity is a business consisting of two or more owners who run their business in accordance with the terms of a partnership agreement. read more

Is a verbal agreement binding in PA? Learn about enforceability, legal exceptions, and how to prove an oral contract. Get expert insights on Pennsylvania contract law. read more

Performance based contract types group a range of financial and non-financial consequences related to the ability of a contractor. read more

A professional limited liability partnership functions like a regular limited liability company although LLC is being used more often for tax purposes. read more

Learn the legal rules for a disclaimer of warranty, including how to properly disclaim express and implied warranties and avoid liability under the UCC. read more

A resolution in business refers to a proposal made during a meeting of the company's shareholders or directors. read more

Learn about S Corp loss limitations, including how stock basis, debt basis, and at-risk rules affect your ability to deduct losses and maximize tax benefits. read more

Secured debentures means that bonds are issued with collateral and a piece of property or other assets are offered to states and bondholders. read more

Learn about majority shareholder legal obligations, including voting rights, personal liability, and their responsibilities in major company decisions. read more

A show cause notice government contracting occurs when the government thinks that a contract has been violated in some way. read more