Working for one’s family may seem like an easy career to maintain; however, even small family-owned business can face the same complex matters that major corporations do. The longevity of a business is continually monitored, and if a business in New Jersey or...
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small business law
Why having non-compete agreements is important for businesses
Many businesses in New Jersey provide similar services or products as other businesses. Due to this they compete with each other for clients and customers. There are differences between companies who compete with each other though and those differences are what set...
When should I get a patent to protect my business in New Jersey?
In New Jersey, people who have created a product or formulated an idea will want to benefit from it financially. This is true regardless of whether they began their work to build a business, benefit others or both. That will include understanding the various legal...
“Return-to-work” bonus aims to boost employment
The economic turmoil of the past 18 months has been hard on New Jersey's small businesses. With things now starting to return to something closer to normal, many of these businesses have struggled to return to the level of service their customers expect. One reason...
Why would an NJ business consider an SBA loan?
Small businesses and aspiring entrepreneurs in New Jersey will quickly realize that one of the biggest challenges is finding the necessary capital to start a new enterprise or keep one running. While some may be able to attract investors who are willing to be...
What is an operating agreement and what does it do?
When setting up a business, it is important to be familiar with the legal tools to help the business owner do that. An operating agreement is one of those legal tools that can help protect the business owner and their business which is why it is valuable to be...
There are common legal issues small businesses face
Organizing a business and legally starting it is just one of many steps a small enterprise in New Jersey must take in order to get the operation up and running at a profit. Along the way, businesses will no doubt face other legal issues. These common legal issues can...
What are the benefits of being a franchisee?
When starting up a business there are different options to consider, including if the entrepreneur wants to start a business from scratch or consider a franchising opportunity. For that reason, entrepreneurs should be familiar with the potential benefits of being a...
3 critical mistakes to avoid when succession planning
No matter the size, scope or age of an organization, it is wise for business owners to have a solid succession plan in place. While some natural succession might occur – assistant managers becoming managers, for example – it is important that business owners take a...
5 business succession planning myths you should avoid
Business owners often work day and night to ensure the growth and success of their organizations. However, when it is time to design an exit strategy, many professionals hesitate to develop a comprehensive succession plan. Often, this crucial step is avoided based on...
