Closely Held Businesses

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...

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...

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...

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...

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...

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...

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...

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...

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...