Blog: Small Business Law

As a small business owner in New Jersey, you know the importance of paying your business income taxes on time. However, running a business is unpredictable and various things can happen that make you unable to pay your taxes. What happens if you don’t pay your business income taxes depends on your specific situation. You will be assessed penalties and interest if you do not make any payment by your due date. Pay whatever you...

The economic upheavals of the past few years have left many New Jersey small business owners struggling and worried about the future of their business. As a small business owner, you must try to find a balance between keeping your business afloat, while not sacrificing quality. Both the big picture and the small details matter There are many things you can do to increase your business’s chance of surviving through challenging economic times. It is...

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 elsewhere seeks to change hands to ensure the business continues well into the future, succession planning is essential. While specific documents can be drafted to address this business matter, for some companies,...

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 them apart from their competition. It is important that these differences are kept with the company to protect them to continue to give them an edge over their competition. It is also important...

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 issues that can arise when protecting their property and keeping it from being used against their will or outright stolen. Understanding the arcane details about protecting intellectual property can be...

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 for this has been a labor shortage. The causes of this shortage are complicated and somewhat controversial, but several new initiatives by state and local government take aim at the...

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 repaid in future profits, most businesses will also have to get a conventional loan for at least some of their expenses. Getting a loan will mean going through underwriting, offering some...

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 familiar with what they do and what should be included in one. What to include in an operating agreement An operating agreement can outline how the...

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 affect businesses in any part of the country. Employment laws can be difficult to navigate For one, if a small business is going to have employees,...

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 franchisee. Rewarding: Flexible schedule: Minimize risk: Benefit from ongoing support and training programs: Access to a new business market and economies of scale and benefit from known brand name: Marketing materials and marketing support:...