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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Alternative dispute resolution may help solve commercial conflicts
When it comes to a commercial contract dispute, litigating and litigating aggressively have often been the common wisdom. However, there may be cases where at least attempting to negotiate a settlement may lead to a preferable outcome for both parties. From...
What to do when facing a hostile takeover
If you own or are involved in managing a small to midsized business in New Jersey, it may be a good idea to familiarize yourself with hostile takeovers and how to fight them. A hostile takeover is when one business gains control of a public company against its...
6 tips to know before a business partnership divorce
Regardless of the why, dissolving a business partnership is like a divorce. New Jersey partnerships can end amicably or land angry and in court. Take the high road and prepare with these six tips to know before a business divorce. 1. Tread carefully If it's time to...
Using mediation as ADR in business divorce cases
Divorces can be a very difficult time in anyone's life. Emotions are typically already very high, and bickering over ownership of property makes the situation even worse in many cases. All divorces are assuredly different and often complicated, but the need to craft a...
Buying an existing business? Consider these factors
There are many advantages to taking over an existing business rather than founding a new one. Existing businesses have already established themselves in the market, developed a customer base and built a reputation. They have a track record that can show you what has...
Is your employee handbook an implied contract?
When you hire a new employee who has exceptional qualifications, you may be excited to welcome him or her into your company. On those first days of orientation and settling in, you are likely to have many conversations with your new hire, and you may intend those...
Avoiding disputes by careful screening of business associates
If your goal for 2018 is to invest in a new business, take on a partner or build some other business relationship, you may be eager to get started. These things take time, and you probably have financial benchmarks you want to reach before the year gets away from you....
Breach of contract may cause your company to suffer
Because your company may feel like your child in some ways, you likely want to protect your business as best as possible. Therefore, when you started your company and began bringing other individuals into the fold in order to complete necessary operations, you...
Have business issues put you at risk of shareholder disputes?
Many companies often need financial assistance when getting started and in order to carry out various business operations. As a result, business owners often utilize shareholders who provide capital to benefit the company while also gaining a say in how to address...
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