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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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. …
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 partner? Absolutely. Almost all partnership disputes come down to …
