4 Steps to Shield Personal Wealth from Business Liabilities

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 […]

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Know the Legal Difference Between an Employee and an Independent Contractor

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 […]

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Key Terms That Should be Included in an Independent Contractor Agreement

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, […]

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How to Avoid a Legal Hangover from a Holiday Office Party

Holiday parties that had fallen victim to the economic recession are now back at many offices across the country, and are a wonderful way to show your appreciation for your employees and their hard work during the year. However, business owners are also wary of hosting parties that could leave them with a legal hangover. […]

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Family Business Succession Planning Issues

If you have a family business that you wish to leave to heirs after you retire or die, then it is imperative that you tackle the task of business succession planning — especially if you have a blended family or if there will be multiple generations involved. Some of the key planning issues you will […]

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Factors in Choosing an LLC Over a Sole Proprietorship

As a business owner, choosing the entity structure for your new venture is one of the most important decisions you will ever make. There are both tax and legal consequences to each different entity type, and examining the pros and cons of each before making a final decision is a smart move. If you are […]

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How to Fight a Post-Foreclosure Deficiency Judgment in New Jersey

Unfortunately, New Jersey homeowners already in danger of losing their primary residence to foreclosure face another potential financial hardship known as a post-foreclosure deficiency judgment. When a home is sold in a foreclosure sale for an amount that is less than what the homeowner still owes on the mortgage loan, this causes a deficiency. For […]

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5 Alternatives to Foreclosure for NJ Homeowners

In New Jersey, lenders must file a lawsuit in order to foreclose on a home. After the housing market crisis several years ago where thousands of homeowners were forced from their homes, many lenders were required by new laws protecting consumers to offer alternatives ways to deal with underwater mortgages in order to prevent foreclosure. […]

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Common Defenses to a Foreclosure Action in New Jersey

New Jersey is a judicial foreclosure state, which means that your foreclosure action must be brought before a court.  You may be able to put the foreclosure action on hold pending court review if you can successfully challenge it with one or more of the following defenses: Mortgage ownership – The foreclosing party must be […]

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Special Provisions for Small Business Owners Filing Chapter 11

To reorganize under Chapter 11 bankruptcy, big corporations and small businesses generally have to follow the same rules. However, special provisions exist for small business debtors that can speed along the Chapter 11 process To qualify as a small business debtor under the Bankruptcy Code, a person or company must: Be engaged in commercial or […]

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