Establish Your Business with an Operating Agreement
You have finally decided to start your own business. Now, it is time to choose a business structure. Many small business owners protect themselves by forming an LLC, or limited liability company. Regardless of which structure is chosen, one key document is necessary to establish the operation’s rules and regulations. It is called an operating […]
The Ins and Outs of Buying an Established Franchise
While most entrepreneurs buy and build a franchise from the ground up, some choose to invest in a franchise that is already established. Is there a difference? There certainly is and familiarizing yourself with the ins and outs of buying an established franchise is essential before making such a substantial decision. Also Read 5 Legal […]
Understanding Partnership Disputes
It is one thing to own a business. It is a whole other matter to share ownership of a business. Business partners will always be prone to disputes. At the very least, there are fiduciary duties and obligations that partners have to one another and to the business itself. Partnerships also tend to be personal […]
Understanding Breach of Contract
While a business may have internal disputes among its partners, LLC members or shareholders, there can also be disputes between businesses. A supplier of goods or services may damage a business by failing to provide the contracted goods or services. That same business may fail to pay the supplier. In either case, if the terms […]
Businesses Facing Surge in Lawsuits Related to State Consumer Law
Due to broad interpretation of a specific consumer law known as the Truth-in-Consumer Contract, Warranty and Notice Act (“TCCWNA”), New Jersey has seen an increase in lawsuits against businesses operating in New Jersey. Plaintiffs and their lawyers have been particularly fond of the statute’s provisions, which can include a statutory penalty, actual damages or both. […]