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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The Corporate Decisions That Must be Documented

Corporation owners are required to maintain corporate records, including documenting major corporate decisions, as well as hold meetings of shareholders and Board of Directors. If these formalities are neglected and the company has legal problems, shareholders could be held personally liable for corporate liabilities if a court finds the proper formalities were not followed and […]

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Top 5 Misconceptions About Business Incorporation

If you are in the process of starting a new business, deciding on whether or not to incorporate that business can have long-term consequences when it comes to taxation and personal liability protection. This is why it is important to separate myth from fact about business incorporation; here are five common misconceptions: Incorporation allows businesses […]

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Factors in Choosing a C Corporation Over an LLC

The decision on how to incorporate a new business is one of the most crucial any business owner will ever make. To make the right choice, a business owner needs to consider his or her goals — business, personal, and financial — as well as future interests. Generally, business owners who choose an LLC structure […]

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Key Elements of an Effective Operating Agreement

While New Jersey does not require an operating agreement in order to form a limited liability company (LLC), not having one means that your business must operate under the state’s rules and regulations — something that may not be in the best interest of your company. An LLC’s operating agreement is used to define the […]

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How to Maintain Your LLC’s Liability Protection

Most business owners choose to incorporate their companies as limited liability companies (LLCs) to ensure that in the event of business bankruptcy or indebtedness, their personal assets will not be at risk. An LLC provides this kind of personal protection, unless that protection is lost through one of these five common factors: Wrongdoing or fraud. […]

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How to Avoid the Top 10 Mistakes Entrepreneurs Make

If you’ve never done it before, starting up a new business venture can bring on many sleepless nights worrying if you are doing things right and — sometimes even more importantly — if you’re doing something wrong. Making missteps is bound to happen in any business; you just want to be sure that those you […]

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Top 10 Legal Guidelines for Entrepreneurs

Whether you’re a Baby Boomer launching a second career or a Millennial looking to make millions by striking out on your own, there are some basic legal guidelines for entrepreneurs who are considering launching their own businesses. Here are the Top 10: Choose the right business entity. Many entrepreneurs will launch their new ventures as […]

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