Business Law Professionals
Determine your business’s value when a partner wants to leave
When you run a New Jersey business alongside partners and one of those partners wants to leave, you need to figure out the value of the business. You may decide to use a professional evaluator to do this, and if you do, he or she may use one of three methods to figure...
4 types of alternative dispute resolutions
When it comes to commercial litigation, one of the fastest-growing procedures in this area of law is that of alternative dispute resolutions. Through this legal process, parties on both sides of a conflict can work together with the help of a neutral third party to...
Proactive steps for preventing shareholder disputes
When two or more passionate shareholders have different ideas about the best interests of the business, a dispute might seem inevitable. Shareholder disputes, however, can quickly become time-consuming and costly, draining the company of precious resources. To avoid...
Do you qualify for New Jersey’s Complex Business Litigation Program?
If you and your company are about to become involved in a major lawsuit, it may be to your advantage to engage in New Jersey’s Complex Business Litigation Program. The New Jersey Judiciary explains that the purpose of this special program is to more easily resolve...
Creditors may raise allegations of voidable transactions
Unsecured creditors and secured lenders may protect their assets from a debtor's insolvency. Regardless of the nature or severity of a debtor's financial issues, creditors may file a legal action to recover unpaid obligations. As described by the Administrative Office...
Signs your business partnership has run its course
Just as romantic relationships sometimes run their course, the same holds true when it comes to New Jersey business partnerships. When the relationship between you and your business partner or partners sours, it may have a direct impact on your ability to run a...
Reasons to send out notices of dissolution
When you are in the middle of dividing up your business assets between yourself and one or more partners, you should be careful not to neglect certain steps that are necessary to dissolve your business. Ending a business can be a stressful time. You should know that...
3 tips for purchasing an existing business
For New Jersey residents who possess the entrepreneurial spirit, the thrill of owning their own business is hard to match. While many people assume that being an entrepreneur means that you have to start your own business from the ground up, that’s not necessarily the...
Terminating a franchise agreement before its expiration
Some of the reasons that may cause a franchisee to decide to terminate a contract prior to its expiration include fraud or misrepresentation. Franchisors providing false or misleading financial statements may have engaged in deception, as noted by Franchise Gator....
Preparing to sell a business structured as a pass-through entity
Partners considering an exit strategy from their pass-through businesses have several options, and knowing the purpose of a sale helps prepare for the future. Owners working out a business divorce may, for example, decide to retire or start another enterprise. Based...
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