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Category: Business Formation

Common Causes of Commercial Litigation Disputes and How to Avoid Them

Litigation can be distracting for any business. Officers and directors must devote time and resources to defending against the lawsuit. There is a chance that a company can avoid litigation by getting legal help before any dispute reaches the point of litigation. Here are some common causes of commercial litigation so you know potential pitfalls. …

Data Breaches and Government Investigations

Data Breaches and Government Investigations – Important Information for All Entities that Handle Sensitive Information, Including the Availability of Insurance Coverage. By: Michael J. Faul, Jr. and Adam K. Gallagher Computers have become commonplace for many businesses in different industries. Computers are used for various reasons, including the storage of clients’ personal or financial information. With …

4 business formation mistakes to avoid

When forming a business, the details matter. Creating a comprehensive plan gives a business a strong foundation for success, but mistakes during the formation process can limit opportunities for growth. What mistakes today could lead to business trouble tomorrow? 1. Failing to investigate a potential company name When naming your company, you have a variety …

Corporate bylaws can lay important groundwork

Choosing to incorporate a company is a major step for any business owner. Incorporation can mean taking additional steps to ensure that everyone involved in the company is on the same page and that the appropriate New Jersey laws have been followed to incorporate properly. Specifically, drawing up corporate bylaws is an important part of …

Which entity is best for the success of your small business?

Starting a new business often means putting a great deal of your life on the line. You are willing to invest your time, energy and money in the hope that your business will be successful enough to support you and your family and perhaps become a legacy for future generations. Ideally, you can create a …

Protect your business with a thorough partnership agreement

At the beginning of nearly every partnership, the parties involved are on good terms. They are looking forward to the future and believe that their business relationship will last forever. However, just like a marriage, disputes can arise at any time, and being prepared for that could help in the resolution of those disagreements. If …

Insurance coverage is vital for businesses

Though starting a business is an exciting endeavor, it is also a very complicated one. New Jersey entrepreneurs will need to consider numerous aspects of operating the business that go beyond the actual manufacturing of products or providing services. For example, business owners will need to make sure they have the right insurance coverage. Business …

The entity structure you choose sets the stage for your business

As you start your list of tasks to complete when starting a new business, it may have the choice of entity structure at the top. The type of entity you choose to operate your business under often sets the stage for how your business will function and could even influence its success. If you are …

What Should You Know About Business Succession Planning?

For New Jersey business owners like you, business succession plans are important. You may think that it is “too soon” to come up with one. But this is a key component of a healthy business at any point in its life cycle. Today we will discuss important factors to understand about business succession planning. Business …

Can Noncompete Agreements Be Enforced?

As a business owner, you need to protect your business’ strength and profitability as much as possible. Depending on what type of business you own, you may consider having noncompete agreements for your employees as part of that. If you are a high-tech New Jersey startup, you may be investing in specific training for employees. …

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