Some business partnerships endure the test of time, lasting indefinitely or until the parties retire. Other times, things start well, but problems or disputes arise later and begin impacting an otherwise successful association. You may wonder when it is time to let go...
Business Law Professionals
Closely Held Businesses
Does your new business need a “prenup”?
More and more nowadays, romantic couples choose to draft prenuptial agreements during their engagement period. This effort is viewed both as a way to safeguard one’s interests in the event of divorce and to set solid expectations for the relationship so it is less...
The critical role of communication in preserving your partnership
A functional business partnership can improve your organization's growth and success. However, if not carefully cultivated, a disintegrating relationship can take your company down with it. Communication plays a major role in creating and maintaining business...
How may I prepare someone to take over my share of a business?
If you wish to sell your stake in a New Jersey business, you may need to obtain consent from your partners. Chron.com notes that an existing partnership agreement may specify whether you must sell your ownership interest to another partner. When your partners agree on...
How can I run a business with a former spouse?
When you divorce as a business owner, you may have some tough choices to make. To keep your business, you may end up having to run your business with your ex-spouse. For some people, this may be easy to do, but others may struggle. If you have concerns about your...
Are red flags putting your business partnership into question?
Starting a business partnership likely had its benefits for you. You may have been able to start your company earlier because your partner brought in needed funds, or your business faced greater success because you both brought important skills and ideas to the table....
Is it time to dissolve and terminate your business partnership?
When you finally make the decision to move forward with starting a business, you and your business partner may have vigorously shaken hands, hugged and celebrated your coming venture. Over the years, you and your partner may have established a thriving company and met...
What are your options if you suspect a business partner of theft?
When you started your business, you likely hoped that you and your business partner would see smooth sailing for the most part. You undoubtedly expected squabbles now and then simply because any type of relationship has that possibility, but you may not have expected...
Small business owners should plan for tomorrow, today
If you own a small business in New Jersey, you know how difficult it is to start a company from scratch, build a client base and sustain success. You have poured your heart and soul into your business, and it may be difficult to think of a day when you will not be...
Breaking Up Is Hard to DO
The Business Divorce Institute has had an article accepted by the Commerce and Industry Association of New Jersey. It appeared 9/14/2017 in their blog “Free Thinking.” What are the rights of a minority shareholder in a business partnership when the minority...
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