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...
Business Law Professionals
Closely Held Businesses
Common forms of business plans to use in New Jersey
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...
Closely held corporations in New Jersey
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...
History of Norman’s Hallmark
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...
Understanding how partnerships work
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...
Starting a new business
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...
Business plans for the small business
A New Jersey resident who wants their small business to succeed may need to form a business plan. The document clearly sets out what the business does, what the start-up costs may be, the marketplace strategy, the anticipated challenges and the intentions of the...
When New Jersey business owners should update business plans
Businesses frequently run into new problems as well as opportunities, so sometimes it is a good idea to review an organization's policies and goals. It is not necessary to completely rewrite an existing business plan, but there may be areas where the process currently...
Business structure options for New Jersey residents
If someone is considering opening a business, there are a variety of things to consider, including how they will structure their commercial endeavor. The different types of businesses include sole proprietorships and partnerships, limited liability companies and...
Businessman purchases newspaper for $88 million
New Jersey residents may be interested in the latest acquisition of a major Philadelphia newspaper by a local philanthropist and businessman. The purchase is the result of a falling out between former business partners who previously owned the paper. The Philadelphia...