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...
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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...
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,...
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...
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...
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...
How to prevent potential partnership disputes
Entering into a business partnership is an exciting time, but there is a great deal at stake. “What ifs” abound. What if something goes wrong? What if you cannot agree? Are there ways to limit the likelihood of a potentially devastating dispute between you and your...