What is Charlottesville’s Effect on Your Partnership/Company? Do you and your partners think alike when it comes to the values (behavioral guidelines) of your company? In the wake of the strife in Charlottesville, would you and your partners equally feel comfortable...
Business Law Professionals
Closely Held Businesses
Parting ways with your business partner
No matter how compatible you are or how long you have been working together, disagreements can create tension between you and your business partner. These disagreements can stem from any source, either within or outside of the business. Some common differences between...
Something Can Be Done. You Don’t Have to Remain in an Emotionally Destructive Partnership!
I once received a telephone call from a business owner who started the call by saying, with more than a hint of desperation in his voice: “I have been to five lawyers, and they all told me that there was nothing that could be done to help me separate from my bad...
Problems in the Partnership – How Do They Affect the Business?
There are three aspects to any business and each one is affected differently when partners don’t see eye to eye. Performing the service or making the product. This is how the business makes money. It’s the work of the business. There is a process to it, a set of steps...
Three steps to planning the transition of your business
Let's face it, family businesses are important to the economy. According to Forbes, family businesses are responsible for 60 percent of the jobs in the United States and 80 percent of the new jobs created. It is also estimated that family businesses account for 50...
Three tips for business owners wishing to sell their businesses
For many small business owners, selling the business is the goal when it comes time to retire or move on. If you are in this situation, experts recommend having a business succession plan and familiarizing yourself with the buying and selling process, so you will be...
Understanding how the CAN-SPAM Act affects business email
New Jersey businesses may be interested in some information about a federal law that governs their use of email in marketing or advertising their business activities. Failure to follow these regulations could land a business entity in big trouble with federal...
Costly errors when forming a business
Entrepreneurs in New Jersey may be interested in learning more about avoidable mistakes that many small businesses are susceptible to making. Often times, these costly errors eventually manifest in the future because ownership neglected to address certain details...
Determining equity share when starting a New Jersey company
Determining how to split equity can be a daunting challenge for founding members of a new company. Generally, it is common practice to give a larger share to the founder who came up with the idea to start the business. However, there are many different circumstances...
Opening a new business in New Jersey
When entrepreneurs have decided to start their own company, it is important that they do some planning beyond determining what type product they want to make or service they want to provide. Some of the most important steps in running a successful business are ones...