Closely Held Businesses

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...

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 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...

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...

New Jersey businesses with five or fewer members and whose businesses are not in the professional service industry are considered to be closely held businesses by the IRS. Closely held businesses may select from several different entity types when the business is...

A business plan is an essential document that can provide focus and direction for a company. It is also an essential document to have when asking for a loan or for an investor's money. There are four types of business plans that one can depending on its needs. The...

There are several different types of entities in the world of business that are defined in the IRS's Internal Revenue Code. Each entity has its own tax implications and slightly different filing statuses. The entity that a business chooses can affect how the business...

Business professionals and entrepreneurs in New Jersey may learn several valuable lessons from reviewing the history of Norman's Hallmark. The company is now the largest Hallmark Gold Crown retailer on the eastern seaboard, and is currently celebrating its 75th...

Some New Jersey entrepreneurs may decide to structure their ventures as partnerships. Partnerships involve two or more people sharing in the profits or losses of a company. They may also share in the company's debt and other obligations. As a partnership may be a...

Entrepreneurs in New Jersey may benefit from learning more about the basics of starting a new business and how to choose the right type of structure for the new venture. For many entrepreneurs, the first and most effective step towards starting a new enterprise is to...