Registered Agents… what they do and how to choose one.

When you form a business entity, you will most likely encounter the need to designate a "registered agent." What is the purpose of a registered agent and who should serve as one? Consider the following... Role of a registered agent... A registered agent is the person...

Courts Continue to Pierce the Veil

Typically, a corporation's owners, managers and employees are not personally liable for the debts and obligations of the company. As with every rule, there are exceptions to the corporate liability shield rule. One such exception is known as "piercing the corporate veil." Courts will...

Coronavirus Legislation

The outbreak of 2019-nCoV ("Coronavirus") has spurred massive federal and state legislative efforts. It can easily seem overwhelming. Some long and short... New bills, new laws... As both the federal and state governments struggle to manage the health and economic impact of the Coronavirus, there has...

Stuck with a “bad” buyout formula.

Can you be bound by a "bad" buyout formula in your LLC operating agreement? Consider the following... LLC member buyouts... As in many states, New Jersey’s LLC law does not entitle a member (i.e., “owner”) to be “bought out” when the member “departs” from the LLC....

Contract Signatures & Witnesses

Is a contract legally enforceable if the signatures are not witnessed or notarized? Consider the following... The writing requirement. As a threshold matter, the general rule is that oral contracts are, in fact, legally enforceable. Thus, it follows that, as a general rule, a written contract...

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