There can be special challenges in new ventures. A business venture often faces significant budgetary constraints in its start-up phase. Thus, prospective business partners commonly seek to manage legal expenses by retaining a single attorney. So, what’s the problem?...
Most business owners are aware of the legal requirement to provide workers’ compensation insurance for their employees. But, can limited liability company members be covered as well? Consider the following…
A recent case…
Under New Jersey’s Workers’ Compensation Act, employers are...
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...
Compared to corporation shareholders, members (i.e., “owners”) of limited liability companies (“LLCs”) are entitled to extensive information about their company. Consider the following...
By comparison…
In a prior e-newsletter, I discussed shareholder rights to information about their company. In short, New...
What happens when the last member of a limited liability company dies? Consider the following…
The conundrum…
When a corporate shareholder dies, the shareholder’s stock passes to the deceased shareholder’s heirs. All of a shareholder’s rights (e.g., right to vote and...