Running a business in New Jersey often means working closely with others. These relationships usually run smoothly. There may be disagreements, but they are typically small and fade after a short discussion. However, some problems keep recurring. When owners ignore...
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How to value goodwill during separation?
When a business partnership ends, there's more at stake than just physical assets. One major point of tension is the value of goodwill. This intangible asset can carry a lot of weight, especially if your company has a strong reputation, loyal customers, or...
Navigating intellectual property challenges in business divorce
A business divorce often involves numerous challenges. One complex issue is how to handle intellectual property (IP). Understanding the significant value that IP assets hold is important. Disputes over these assets frequently arise when business partners part ways....
6 elements to consider during a business divorce
When business partners decide to go their separate ways, it is important to handle the process carefully to ensure a smooth separation. The breakup of a business partnership, often known as a business divorce, involves addressing various important issues to minimize...
Dealing with financial mismanagement in a partnership
Financial mismanagement can pose a serious threat to the stability and success of any partnership. When it occurs, swift and strategic action is required to safeguard the business's assets and future. Understanding the steps to address financial mismanagement is...
2 tips for avoiding shareholder disputes
Taking your business to the next level is a significant move that comes with several benefits, including more profits, reaching a new market and establishing your brand in the industry. Further, may attract the attention of prospective shareholders. When they purchase...
Should I create an LLC or a Corporation?
When deciding what business structure is best for your new business, liability is one of the most important aspects in making that decision. After making the decision to start your business, you should keep in mind that legal liability is when a person or company is...
Hackers target businesses involved in lawsuits
Hackers hired by business rivals to unearth dirt on the competition are increasingly targeting businesses that are the subjects of lawsuits. Why is this happening? What can companies do about it? Why hackers are targeting these businesses Businesses involved in...
What protections are available for intellectual property?
Designs, processes, symbols and works that your company owns are examples of intellectual property. It may include works that your company created or that you hired someone else to make for your company. Intellectual property can be valuable because it generates...
Why do business partnerships fail?
The beginning of a business partnership is often an exciting time, full of high hopes, fresh ideas, and, most importantly, good will. Why do business partners so often look back on this period and wonder where it all went wrong? By understanding the key causes of...
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