The Case of the Departing Penultimate Partner
Can one hand clap? There are many disadvantages associated with structuring a business as a general partnership. One disadvantage is that, unlike limited liability companies and corporations, the departure of one of the remaining...
A new law makes conducting and attending New Jersey business corporation shareholder meetings even easier. Consider the following…
The evolving rule…
New Jersey business corporations (i.e., for-profit corporations) are required to conduct at least one shareholder meeting per year. For many...
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...
In prior blogs, I wrote about the federal Corporate Transparency Act (“CTA”) passed on January 1, 2021. Implementation of certain aspects of the CTA were deferred until the United States Department of Treasury could pass rules that clarify the...
Very often, liability can be reduced or the financial and operational goals of business owners can be better achieved by changing a company’s legal structure, e.g., general partnership (GP) to limited liability partnership (LLP), for-profit corporation to non-profit corporation,...