Blog

Jan 4, 2022

The Advantages and Disadvantages You’re looking to start or build a new business, and have others you want to join you in the enterprise. Should you consider setting up your company as a general partnership? What is a general partnership? What are the advantages and disadvantages of the general partnership form? What Is a General Partnership? A general partnership is a legal arrangement between two or more people, by which they agree to share certain...

Wishing You And Yours A Merry Christmas & Happy New Year

Dec 24, 2021

We are sending holiday cheer to you in the hopes that you and your family have a very Merry Christmas and a healthy New Year. As we look forward to 2022 we humbly pray that the new year brings a new sense of peace and joy as we enter the new year ready for a return to normalcy and prosperity. Merry Christmas & Happy New Year...

Creating a Limited Liability Company in New Jersey—Part Two

Dec 2, 2021

Finalizing the Establishment of an LLC You’re embarking on a new business venture and you’ve decided that a limited liability company is the optimal form for your enterprise. You’ve selected a name that won’t interfere or unfairly compete with an existing business and you’ve appointed a registered agent to accept service of any legal papers or documents. There are just a few steps left to make your new commercial entity official. File with the State...

Creating a Limited Liability Company in New Jersey—Part One

Nov 29, 2021

Taking the Steps to Properly Set Up a New Business Enterprise When you’re looking to go into business for yourself, one of the most important decisions you’ll need to make focuses on the legal structure of your business—do you want to operate as a sole proprietorship, partnership or other business form. If you’re looking for the protection of your personal assets, minimal tax burden and simplified creation and legal maintenance, a limited liability company, or...

Happy Thanksgiving

Nov 25, 2021

On this Thanksgiving Day, we take time to express our daily gratitude for the simple pleasures of life—good friends, family, people we hold dear. As we gather together, help us be grateful and let us share our bounty with our brothers and sisters...

Is an Oral Contract Enforceable?

Nov 22, 2021

When Must a Contract Be in Writing to Be Valid? In business, there’s much that gets done verbally, either on the phone or in meetings. Can you enforce a contract that has never been put in writing? What are the circumstances, if any, where an agreement can be disregarded if it hasn’t been committed to a written document? The Statute of Frauds As a general rule, most oral agreements are every bit as enforceable as...

When Can an Employment Contract Be Implied?

Nov 1, 2021

What Factors Will Cause Employment to No Longer Be “At Will”? In New Jersey, as in almost every state, employment is generally considered to be at will. That means that either the employee or the employer may end the relationship at any time and for any reason, as long as it is not in violation of the terms of a valid employment contract, in violation of the law, or contrary to public policy. There are,...

Happy Halloween!

Oct 29, 2021

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Remedies for Breach of a Business Agreement

Oct 5, 2021

What Are Your Options When Another Party Fails to Perform? If you own or operate a business, contracts are your lifeblood, a key to the success of your enterprise. Unfortunately, contracts are breached on a fairly regular basis, for a variety of reasons. What are your options when a vendor, customer or other business partner fails to live up to the terms of an agreement? The Common Remedies for Breach of a Business Agreement There...

Tortious Interference with a Contract or Business Relationship

Sep 27, 2021

What Is It? When Can You Seek Damages for It? In business, there are few things more important than the relationships you have with vendors and customers. Often, those relationships are memorialized in a written agreement, but sometimes they are not. What happens when a competitor goes to a critical vendor or customer and offers them an incentive to breach a contract or to terminate a business relationship with you? You don’t have a contract...