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June 2014 Archives

How forming an LLC can be beneficial for NJ business owners

At some point, many New Jersey residents may have dreamed of owning their own business. Though it may sound simple enough, business planning can actually be very complex, and failing to do it properly can result in serious financial issues. Therefore, it may be in a business owner's best interests to consider all business structure options and discuss each of them with an attorney.

2014 seeing a jolt in mergers and acquisitions activity

Mergers and acquisitions are an integral part of American businesses. Merging with another business or acquiring another company can cut expenses, increase profits, and give some businesses and their owners exit strategies.

Could New Jersey's estate tax be on the chopping block?

Many of New Jersey's residents inherit from a loved one at some point in their lives. The process of transferring wealth from one generation to the next is one that can be rife with legal complexities. Failing to adequately plan an estate could result in unwanted consequences including excessive estate tax, property being tied up in probate, and individuals who were not intended to inherit property obtaining ownership of it. For this reason, obtaining the help of an experienced estate planning attorney may be extremely beneficial.

Radio Shack seeks to renegotiate lease agreements

Business owners in New Jersey know that planning is a critical aspect of any company's success. Failing to create, adjust, and carry out a business plan can lead to a variety business disputes involving lessors, suppliers, and competing companies. These disagreements often lead not only to costly and contentious litigation, but they can also eat into a business' profits and cause it to lose a portion of its market share. For these reasons it is vitally important for businesses to consider seeking the assistance of an experienced business law attorney at all stages of the business planning process.

New Jersey's Hess Corp. sells retail gas stations to Marathon

There are many reasons people start, buy and expand businesses. They may want to find financial stability, leave their children with a well-founded asset or leave their community and, in some cases, the world in a better place. But just as there are a vast number of reasons for forming a business, there can be just as many for selling one. Business owners may be acting on exit strategies, a parent company may see profit potential or a company may wish to raise money to expand their business in another direction.

Amazon in dispute with publisher over new business contract

Global online retailer Amazon is in a heated dispute with book publisher Hatchette Book Group. Apparently, Amazon's proposed contract with Hatchette for 2015 asks the publisher to pay more to ensure its titles, which include those written by James Patterson and J.K. Rowling, appear in the appropriate place on the site's search results. Hatchette, on the other hand, wants to go back to the older pricing scheme that it feels was fairer for its business model.

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