Choosing a name for your business or practice raises important practical and legal issues. The New Jersey Division of Revenue and Enterprise Services (DORES) has updated its guidance on some issues surrounding the name selection for New Jersey entities....
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...
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...