Limited liability partnerships.... A limited liability partnership (LLP) is a special form of partnership. In 2000, New Jersey revised its general partnership (GP) law to permit GPs to convert into LLPs by way of filing a relatively simple form with...
Corporate Transparency Act On January 1, 2021, Congress enacted the federal Corporate Transparency Act ("CTA"). In general, the CTA requires existing and new corporate entities, including limited liability companies ("LLCs"), to submit to the United States Department of Treasury...
Asset protection strategies are often presented as a means of placing an individual’s cash and property beyond the reach of creditors. But, how effective are these strategies? Consider the following... What is asset protection? “Asset protection” typically refers to erecting barriers...
Until this year, federal law did not require most small businesses to report information about the ownership and control of their companies. A new law has changed all that. Consider the following... The new law... On January 1, the National Defense...
It is not uncommon for a person to offer her services in exchange for an ownership stake in a company. But, if she does, is she entitled to receive wages for her services, too? Consider the following... The case… A recent...