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What is a shareholders’ agreement, and why do you need one?
A shareholders’ agreement is a private business contract that outlines the rights and obligations of the shareholders and protects their interests. It is not a legal requirement for any business entity but can be an effective tool for mitigating and resolving disputes between shareholders of a company. What should be in your shareholders’ agreement? A…
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Using transactional contracts to keep business operations smooth
Businesses of all different sizes and purposes require in-depth contracts to operate successfully. Some contracts last a long time and rarely require review. Leases for commercial spaces, for example, may persist for multiple years. The same is true of employment contracts, which help ensure that an organization has the talent it requires to operate. There…
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5 common mistakes to avoid before signing a partnership contract
Partnering with someone can be a great way to grow your business and build a long-lasting legacy. But what if you want to join a new business venture as a partner? Before you sign any contracts, it’s important to avoid common pitfalls that may interfere with your chances of success and help you enter into…
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Forming an LLC in Pennsylvania: articles of organization
When forming a business, one of the first steps is to put the necessary documents into place. This includes setting up bylaws, Articles of Organization and Articles of Incorporation, depending on the business entity. Like all other states, Pennsylvania requires limited liability companies (LLCs) to file an Articles of Organization, also known as a Certificate…
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What information do nondisclosure agreements protect?
Companies, especially those in competitive industries, must explore various tools to protect their businesses. One common practice is entering nondisclosure agreements (NDA) with employees. This ensures that confidential company information remains private, and in case of a breach, legal remedies are available to the victim company. So, what information can an NDA protect? Trade secrets…
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2 personal issues that can endanger someone’s pharmacist license
It takes years of education and substantial financial investment to finish the necessary education to become a pharmacist and secure a Pennsylvania license to practice the profession. A pharmacist may need to work for years to pay off their student loans despite commanding a relatively competitive salary. They need to complete continuing education courses and…
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The effect of fatigue on nurses
Nurses have one of the most difficult jobs in the world. Not only do they spend longer hours in the hospital than other health care workers, but their shifts also vary. While other employees have a typical 9-to-5 job, nurses have 12-hour shifts. Because of staffing shortages, they even need to work overtime. Working overtime…
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Safeguarding patient privacy during disciplinary actions
Imagine a scenario where a nurse, confronted with misconduct allegations, faces the intimidating task of clearing their name against possible disciplinary actions. In addition to that predicament, they might need to divulge confidential information about the patient in question in their defense. How can they reconcile their duty to preserve patient privacy and confidentiality while…
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Are you at risk of losing your Pennsylvania pharmacist license?
Earning your pharmacist license culminates your years of rigorous study, exams and training. Although it is a rewarding profession, being a pharmacist still demands so much out of you. You have crucial tasks you must consistently carry out, such as the accurate preparation and inventory of medications. On top of that, you must also maintain…
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What are bylaws and what should it include?
Investors who look for businesses to support usually choose those companies that practice good corporate governance. And to find out which ones do, investors look into company policies and practices, which they can find in documents such as bylaws. But what are bylaws, and how are they different from other business governance documents like Articles…