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...
New Jersey’s partnership law has recognized limited liability partnerships (“LLPs”) for quite some time. However, as of December 2000, the partnership law was revised and the revision made LLPs an even more attractive alternative to the general partnership (“GP”)...
THE GENERAL PARTNERSHIP (“partnership”) form of business has existed for many years. In its simplest form, a partnership is an association of two or more individuals to operate a business for profit. All states have enacted partnership laws. New...
If you were selling your car, you’d probably have it detailed or, at least, take it for a car wash. If you're considering selling your business, it is worth doing likewise. Even before offering the business for sale, there...
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...