Due to the legalities and difficulty behind dividing businesses, some people may want to consider running their business with their ex-spouse. Some people may find this an easy task. However, it may prove much harder than others expect. How can an ex-couple keep their...
Business Law Professionals
Business & Commercial Law
3 keys to successfuly selling a business
Living in New Jersey has provided the right conditions to build your business. According to the New Jersey Department of State, the state ranks 11th for its number of small businesses. Whether retiring or ready for something new, the time may come to consider selling....
How can you prepare for commercial litigation?
Your business may get involved in a dispute after allegations of breach of contract, breach of fiduciary duty a shareholder dispute or another issue. When one of these issues arises, your business may end up involved in a commercial litigation case. According to the...
What should you include in a business contract?
As a small business owner, your focus is likely on improving efficiency, enhancing your profits and maintaining operational stability. Developing strong business contracts can help you reach these goals. According to the Small Business Administration, there are 32.5...
How could a partner’s divorce impact your business operations?
When a business partner divorces, there is a really good chance it will impact your business. Unless the person had some agreement in place prior to the end of his or her marriage, the interest he or she has in the company is up for grabs in the divorce. And this will...
Should you include mediation as ADR in your business contract?
Many businesses will face one or more lawsuits in their lifetime, but litigation is not the answer for all disputes. Mediation is a form of Alternative Dispute Resolution (ADR) for helping parties settle their differences. Should you include this option in your...
What is a clear title, and why is it important?
Buying commercial real estate is not the same as buying a residential property. There may be many issues that you must resolve before a deal will go through, and dealing with the many aspects of this type of transaction can be frustrating. Unlike residential sales...
What are the risks of having a narcissistic business partner?
Few business ventures are one-person operations. Even if you have an in-demand service or product, you are likely to need some financing or professional expertise. The right business partners can help in both of these areas. Still, you may not truly get to know your...
How do I know if a business co-owner is a partner?
You probably do not own your business alone. One or more individuals may share ownership with you. If this is the case, you should know whether a fellow co-owner is also a business partner. A misunderstanding of roles in a business can lead to conflict between owners...
5 Reasons to divorce your business partner
Business partnerships form when like-minded people come together to achieve similar goals. The arrangement can be beneficial for years or decades but can also take a negative turn. These are five circumstances leading to a business divorce. 1. A partner's ambivalence...