Business owners in Pennsylvania should take note of a significant new change to corporate law that will be effective starting in 2024. Act 122 has replaced Pennsylvania’s traditional decennial corporate filing requirements with new annual reporting obligations. Failing to comply with the new regulations may result in administrative repercussions for entities. Below are some frequently asked questions to help you navigate these changes: Pennsylvania’s Act 122 requires annual reports from all organizations including but not limited to: Corporations Limited liability Companies (LLC) Most Partnerships Non-profit corporations Registered foreign entities (out of state companies registered to do business in Pennsylvania). Starting… read more »
Leadership Luncheon Virtual Event: What to Know About Bankruptcy for Businesses
Join CGA and YCEA for a Virtual Leadership Luncheon on Thursday, August 6 at 1 p.m. CGA Law Firm’s experienced bankruptcy attorneys, Haley Rohrbaugh, Brent Diefenderfer, and Larry Young, will provide an overview on bankruptcy law and procedures for a business considering a filing. You can register to receive an email with a link to join the webinar by clicking HERE, but registration is not required. For privacy, attendees can join this presentation and ask questions anonymously. Join the webinar on August 6th at 1 pm. Brent C. Diefenderfer is a shareholder with CGA Law Firm. Brent is a board certified Consumer Bankruptcy Specialist by the American… read more »
COVID-19 Update: Your Business May Be Eligible for Federal Loans
COVID-19 Update: Your Business May Be Eligible for Federal Loans CGA Law Firm has created a COVID-19 Business Resource Portal on the CGA website with consistently updated information on government loan offerings. The site has easy-to-read charts, articles on specific topics, answers to the most frequently asked questions, and links to targeted loan applications. Follow the links below to learn more about loans that can bring relief to your business. For small businesses (under 500 employees) in need of capital to cover payroll, utilities, rent, insurance, and loan payments: Paycheck Protection Program. The SBA’s Paycheck Protection Program (PPP) is enabling small… read more »
COVID-19 Update: Facing a Lack of Cash Flow
COVID-19 Update: Facing a Lack of Cash Flow As the Chair of the CGA Bankruptcy Department, I am already getting calls from individuals and small businesses about how to handle the lack of cash flow. Businesses have been forced to close, and those that are open are doing less business. Individuals have been told to go home, and unemployment benefits (if you are eligible to receive them) are not the same as your regular paycheck. The question I am being asked is “what do I do now?” The easy answer is to take care of yourself and your family, and stay away from… read more »
