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Minors as LLC members

An "owner" of a limited liability company ("LLC") is referred to as a "member." Is it possible (or wise) to have a limited liability company whose members include a minor? Consider the following... LLC members' interests and rights... As a starting point, New Jersey's LLC Act...

Alternate Dispute Resolution

It’s no secret... lawsuits are expensive, there’s no guarantee of success, and even if you win a monetary award, there’s no guarantee the award will ever be collected. For these and other reasons, the notion of resolving disputes without lawsuits can seem attractive. Consider...

Selecting, Protecting and Using Business Names (Revisited)

The importance of business names... Choosing a name for your business or practice is an important matter. In addition to marketing considerations, the selection, protection, and use of business names implicate legal issues entrepreneurs often overlook or misunderstand. Here are a few thoughts on the...

Fee Shifting and Forum Selection in Bylaws

Where to fight your "partners"... And who will pay? Clearly, litigation can present numerous difficult issues. Among the fundamental issues are the questions of where the lawsuit must be brought and whether you can compel your adversary to pay your attorneys' fees and litigation...

LLC and Business Corporation Compared

  LIMITED LIABILITY COMPANIES AND BUSINESS CORPORATIONS are just two of the wide variety of business structures to choose from when deciding how to organize and operate business ventures. Other alternatives include the sole proprietorship, general partnership, limited partnership, and limited liability partnership. For a...

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