What Are Your Options If You Face Foreclosure?

Most homeowners have a pretty good idea that they may be facing foreclosure shortly. So exactly what are all the options when facing foreclosure? Negotiate a workout. Lenders are becoming easier to deal with by the day, thanks to the tsunami of foreclosures they currently have on their books. If you want to keep your […]

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How the Foreclosure Process Works in New Jersey

New Jersey is a judicial foreclosure state, which means that your lender must go to court to start the foreclosure process. Judicial foreclosure is considered more consumer-friendly than nonjudicial foreclosure, where a lender can foreclose without having to show proper legal authority in a court of law. Generally speaking, this is how a judicial foreclosure […]

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Understanding the Chapter 11 Business Bankruptcy Process

Businesses that file Chapter 11 bankruptcy may actually be doing the best thing to save their business in the long run. For a business in trouble, filing Chapter 11 bankruptcy can mean: Access to new capital. If a small business still has a viable market and business plan, there are lenders that will invest in […]

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Tips for Creating Enforceable Non-Disclosure Agreements

Accessing specialized skills without increasing headcount is attractive to many companies today, including startups as well as established enterprises. It has become commonplace for employers to utilize the services of independent contractors or other third party entities to perform important work for the company. However, there can be pitfalls to this strategy if precautions are […]

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Common Situations That Cause Unenforceable Contracts

Once you execute business contracts, you naturally expect other parties to live up to the terms of that contract. However, in some situations, a contract may not be enforceable if any of the following conditions apply: The other party lacked capacity. If the other party to your contract does not have the capacity to understand […]

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5 Common Mistakes That Can Blow a Business Deal

Whether you are negotiating a contract with a new customer or making an agreement with a supplier, there are some common mistakes that business owners make that can make a good deal go bad. Don’t let any of these errors blow your next business deal: Failure to understand the scope of an agreement. Both parties […]

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How Business Owners Can Avoid Wrongful Termination Lawsuits

While most employees who are fired may feel that their termination was wrongful, employment law is very specific about what constitutes wrongful termination. To avoid a wrongful termination claim, employers must be aware of what kind of dismissal may be considered illegal, including the following: If an employee has a written contract. All states recognize […]

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The Top 5 Risks to an LLC’s Personal Liability Protection

There are several good reasons for entrepreneurs to set up their new business as a limited liability company (LLC) or corporation — chief among them being the liability protection for personal assets that each structure affords those who own shares in the business. However, there are situations where an LLC or a corporation will NOT […]

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4 Common Legal Mistakes That Could Hurt Your Business

It doesn’t matter if you’ve been running a company for a long time or are have just started your new business journey, there are some common mistakes that both veterans and rookies make that can negatively impact your enterprise: Failure to protect personal assets. Many business owners start out small, typically setting up their companies as […]

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How to Protect Your New Business with a Founder’s Agreement

If you are starting a new company with other people, a founder’s agreement is crucial to protect your fledgling enterprise as well as your personal assets. Here are some tips on how to structure that agreement: Delegate roles and responsibilities. Typically, people who go into business together have different strengths that play off each other […]

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