Perhaps growth has stalled or visions for the future diverged. Whatever has led to this point, business owners who find themselves considering a business divorce have several exit paths. Dissolution is only one of them. The choice for how to move forward with the...
Business Law Professionals
On behalf of The Business Divorce Institute
How does a court-appointed receiver manage a business conflict?
When business partners in New Jersey can’t agree on how to move forward, their dispute can threaten daily operations and company finances. In severe cases, a court can appoint a receiver to take control and stabilize the business. This neutral manager steps in to...
What triggers compulsory buy-outs in partnership exits?
Partnerships often start with excitement and shared goals, but circumstances can change. When relationships break down or major disagreements arise, a compulsory buy-out may be triggered. This process forces one or more partners to sell their ownership stake under...
What financial records should you collect in a business divorce?
If you're preparing to separate from a business partner, it's essential to gather the proper financial documentation. A business divorce often involves complex legal and monetary considerations, and being equipped with accurate records can help safeguard your...
What are common causes of business divorce in partnerships?
Business partnerships in New Jersey can face challenging times, leading to what is often called a "business divorce." In a business divorce, partners decide to go separate ways due to disagreements or a breakdown in their relationship. If you're in a partnership and...
How does NJ treat minority buyouts in an LLC business divorce?
Minority buyouts in an LLC during a business divorce under New Jersey law can feel overwhelming. You want to ensure fair value and a smooth process. Understanding how the state approaches these situations helps you protect your investment. What defines a minority...
What are the tax implications of a business divorce settlement?
Business divorce settlements can be complex, especially when it comes to taxes. It is essential to understand the tax implications of splitting assets and compensating business partners. Knowing how taxes impact the settlement can help ensure both parties make...
Signs your business partnership has run its course
Just as romantic relationships sometimes run their course, the same holds true when it comes to New Jersey business partnerships. When the relationship between you and your business partner or partners sours, it may have a direct impact on your ability to run a...
Why is There a Need for the Business Divorce Institute (Part 2)
In our blog post, Why is There a Need for the Business Divorce Institute (Part 1), we described some of the mistakes that business owners make in deciding to partner and selecting a partner. We announced that it is the mission of The Business Divorce Institute to...
Why is There a Need for the Business Divorce Institute (Part 1)?
People enter into business partnerships too casually. When a new client contacts me and says: “I have decided to take a partner. Can you draw up the paperwork?”, my first question is “Why do you want to partner”? I continue to be amazed at some of the responses I...
Subscribe To This Blog’s Feed