New Jersey franchise owners may be interested in a recent decision by the National Labor Relations Board, which ruled that McDonald's is a co-employer with its franchisees. While the ruling is currently limited to McDonald's, the precedent may pave the way for other franchisers to be considered joint employers and potentially liable for the actions of its franchisees with regard to employee disputes.
Business professionals and entrepreneurs in New Jersey may learn several valuable lessons from reviewing the history of Norman's Hallmark. The company is now the largest Hallmark Gold Crown retailer on the eastern seaboard, and is currently celebrating its 75th anniversary. From humble beginnings, the current owner inherited his family's four Trenton gift shops, named after his late uncle who opened the first of the stores on South Board Street in Trenton in 1939. Despite its success, the recession challenged Norman's future outlook during 2011, similarly to so many other businesses in the county.
Many New Jersey employers fall under the Family and Medical Leave Act, which requires certain notification requirements to be met. Every covered employer has to display a general notice about the act and provide information to their employees regarding their rights. Schools, public agencies and most private employers with at least 50 employees must put up a FMLA poster and provide written materials or risk fines.
Some New Jersey entrepreneurs may decide to structure their ventures as partnerships. Partnerships involve two or more people sharing in the profits or losses of a company. They may also share in the company's debt and other obligations. As a partnership may be a complex business arrangement, it may be worthwhile to have a partnership agreement. This agreement may spell out how new partners are brought in or how the partnership may be dissolved.