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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

Anyone who owns their own business is aware of the inherent risks of business ownership, and no one wants those risks spilling over into their personal finances. To avoid this, business owners must take the necessary steps to protect their personal assets by ensuring that their business and personal lives remain legally separate. To protect […]

Over the past few years, the IRS has increased enforcement against employers that misclassify employees as independent contractors, leading to fines and penalties for companies that fail to make the important distinction between the two. There are three characteristics the IRS uses to distinguish between an employee and an independent contractor: Behavioral control – the […]

One of the most common issues facing small businesses is how to govern relationships with independent contractors.   Which is not really surprising, since many small businesses use independent contractors to perform critical work functions like website development, marketing, bookkeeping and other important functions that keep your business functioning and growing. To protect your company’s future, […]