Closely Held Businesses

One potential reason for conflict in a business partnership is that there are financial issues the partners have not resolved. This is why it can often be helpful to draft a partnership agreement addressing these issues upfront. Financial conflicts can grow...

When business partners in New Jersey decide to go their separate ways, the hardest question is often the simplest one: what is the business worth? The answer determines how much a departing owner receives or how much a remaining owner pays. When both sides bring...

If your business partner commits misconduct, you cannot simply push them out. New Jersey law and your company’s written agreement control what you can do. Acting without legal authority can expose you and the business to lawsuits. Review your governing documents first...

Trade secrets protect the valuable information that gives your business a competitive edge. When someone takes or uses that information without permission, they may commit misappropriation. Knowing what counts helps you avoid risk and take action if needed. Definition...

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...

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...

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...

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...

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...

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....