Layoffs are a reality that many businesses must face. The actions can be difficult but may be necessary in certain situations. In order to lay off employees in New Jersey, an employer must follow certain steps.
Entrepreneurs in New Jersey may benefit from learning more about the basics of starting a new business and how to choose the right type of structure for the new venture. For many entrepreneurs, the first and most effective step towards starting a new enterprise is to draft a business plan. People who need help with this endeavor may benefit from the resources provided at New Jersey Small Business Development Centers located in each county.
On Sept. 9, JJJN LLC in New Jersey is suing Atlantic City and a rival rolling chair company over a lost bid for Boardwalk tram services. The company claims that the specifications and bidding process for the city's requested tram service trial run was unsound. The claim alleges that the city was attempting to circumvent public bidding laws when managing the contracts, alongside demonstrating bad faith.
A New Jersey resident who wants their small business to succeed may need to form a business plan. The document clearly sets out what the business does, what the start-up costs may be, the marketplace strategy, the anticipated challenges and the intentions of the founders. Expectations of profitability and the results of market research are also delineated in the business plan, and a good business plan is especially important for small businesses that wish to procure loans or credit.