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...
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...
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...
When business owners seek to dissolve their entities in an orderly fashion, they may find that the process will take much longer, and cost much more, than they thought. Consider the following... Dissolution, then and for now... Most New Jersey business...
There's the rule, and then there are the exceptions... Most businesspeople know that conducting business through a limited liability company (LLC) or corporation shields their personal assets. That is, as a general rule, LLC...