When starting a new business project, you must determine what type of business you are forming. If you plan to own and operate your business with another person, you will generally form a partnership. Not all partnerships are the same. There are three different types...
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Business Formation
Did you form an accidental partnership?
An idea for a new business can hit you at any time. You might be chatting about the future with your friends or tinkering in your garage when you have the idea that changes your life. As you begin building your new company, the people you surround yourself with are...
Reasons young entrepreneurs should buy a business, not start one
So you want to be a business owner. It's always been your dream and you're finally ready to start. Thinking that means you have to start from the ground and build your way toward success? You can, but you don't have to. In fact, many experts believe you're best off to...
Selling your business? Understand your needs versus your wants
Selling your business is a large endeavor and it can be difficult to itemize everything that must be accomplished as part of the sale. The best way you can make sure that you are meeting the key requirements when selling a business is to separate your needs from your...
3 mistakes to avoid when buying a business
Without a doubt, buying a business can be a very difficult and process complex. Not only do you have to address business issues when buying a corporation, but you also need to deal with legal and employee issues. Fortunately, as long as you're careful and do your...
A primer on starting a business in New Jersey
If you are considering starting your own business, you likely already have the drive and ambition to make your business succeed. However, starting a business is much more complicated that simply hanging up a shingle. In addition to forming a sound business plan, and...
New Jersey start-up awarded more than $350,000 grant
Sometimes, people have great ideas. These ideas lead to products, services, medications or other valuable creations that eventually help others around New Jersey, the country and the world. However, in order to make these ideas come to life, people often need money....
Public offering reminds businesses to consider entity form
Businesses big and small need to consider how they want to organize. There are many different entity forms that businesses in New Jersey can choose from including corporations, partnerships and limited liability companies. Each entity form will have advantages and...
New Jersey opens doors for distillery business
In the past few years, more and more entrepreneurs have entered the world of craft beer and wine. This interest has also sparked the idea of individuals making artisanal liquors and spirits. New Jersey is finally catching up with this trend. The state recently loosed...
New Jersey businesses find a tough economic environment
There are a lot of variables and expenses to starting a business in New Jersey. According to a recent CNBC ranking, New Jersey ranked as 41st in the country for its business friendliness. Last year, New Jersey was ranked 38. This ranking is based on a number of...