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Business Formation & Planning Archives

Business planning and succession needs legal assistance

For many people who start a business in New Jersey, it is not simply a method to earn a living and provide goods and services. A vast portion of business are the life's work of the person who started it and its future is still a concern even if they are considering moving on. It might be a family business with it passed from one person to another for generations and stayed in the family. Or there could be a complicated structure with partners and others who would like to take over. Business succession is not as simple as handing the reins to the next person in line. There could be issues that make it necessary to negotiate business disputes and there could be disagreements as to the structure of ownership. With any business and a succession plan, having a lawyer to help is crucial.

Entity formation is important even when selling the business

Business owners in New Jersey who are still trying to determine how best to move forward during the structural changes being proposed and implemented by the presidential administration of Donald J. Trump must keep certain factors in mind. This extends to what type of entity formation is best for them, especially when thinking about a near or distant future in which the business will seek a buyout from a larger company.

Factors of a trade name for a New Jersey business start up

Many New Jersey residents have a dream to start their own business. Often, they even have a solid product or service to sell at the start. However, the technical aspects of business formation are not just confusing, but are outright frightening. Such issues as what the legal form of the business will be and how to go about putting it into action can leave prospective business owners stagnant. This is when it is imperative to maintain focus on the goal and to have legal assistance with the start-up company and how to get it moving in the right direction.

How may proposed tax changes influence my business entity form?

People in New Jersey and across the nation who have a business or are considering a business start-up have been watching the debate about changes to the tax code with a close eye. The changes, if they are completed, will fundamentally alter how business is done everywhere. While it can be confusing, there are some issues that should be fully understood and they can affect people who are in business or are planning a business. Although there will be a reduction in taxes for small businesses, it is not necessarily prudent to form a corporation yet.

Legal assistance is essential with a New Jersey business start-up

Not everyone in New Jersey is content working for someone else. Some want to start their own business and be their own boss. A business start-up is a noteworthy endeavor, especially if the idea for the business is a solid one. However, it is not just a matter of waking up one day and deciding to start a business. There are numerous legal aspects that must be considered with business ownership. Having legal help from the start is vital to ensure compliance and to protect oneself.

Why a business start up as a sole proprietorship can be useful

For New Jersey residents who have an idea for a business but are working by themselves and do not have a great deal of knowledge in how to get started, it is important to understand the basics of business formation. A sole proprietorship is a business in which, in most cases, it does not need to be registered with the state. This is different from a corporation or a limited liability company. A sole proprietorship is easily started and maintained. If a person who is moving forward with a start-up company and is doing it alone, this is a wise way to do it.

Adjusting your business planning around current events

In general, businesses in New Jersey like to be able to predict upcoming events that may have an impact on the company's profitability, if at all possible. When President Trump recently announced his decision to withdraw from the Paris climate accord, it might have been foreseeable to some. In New Jersey, so-called "clean" energy companies, like those in the business of producing solar panels, are still planning on society marching forward toward renewable energy all the same.

New Jersey businesses can face many different legal issues

Starting a business in New Jersey can be exciting. The hope of establishing a profitable enterprise is the driving force behind many business start-ups. And, at the beginning, if everything has been planned out carefully, things will always seem like they are going smoothly. Unfortunately, most businesses will run into legal issues at some point in time: some good, some bad and some very complex.

How can you get a liquor license in New Jersey?

Owning and operating a bar, restaurant or store that intends to sell alcohol involves more than simply buying supplies and printing a drink menu. As you are well aware, you must secure certain permits in order to sell alcohol. New Jersey law regulates these licenses, but local townships and municipal governments distribute them.

What are some advantages and disadvantages to an S-corporation?

Small business owners in Moorestown have a variety of ways they can form their business. Those who might want to incorporate may be more interested in a S-corporation, rather than the standard C-corporation. But, is this type of business formation right for everyone?

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Mount Laurel Office
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Mount Laurel, NJ 08054

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Linwood Office
327 Central Avenue
Linwood, NJ 08221

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Cape May Court House Office
618 Route 9 South
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