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...
CHOOSING A NAME FOR YOUR BUSINESS OR PRACTICE is an important matter. A business name can serve to inform potential customers or clients as to what goods or services you offer. With time, a business name will impart to...
Are your companies too close for comfort? A recent New Jersey case illustrates the principle that New Jersey courts may have jurisdiction over business entities if they "lead a double life" in New Jersey. Consider the following... The Case... The facts of...
The process... When someone is sued, the procedures for "serving" the defendant (i.e., the procedures for delivering court papers to the person being sued) are stated in court rules. Traditionally, "personal service" (i.e., the act of hand-delivering the papers to...
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...