Blog: Small Business Law

When business owners in New Jersey like you first start out on your business ventures, having a succession plan is likely one of the farthest things from your mind. However, these plans are actually quite important and you will want to have one ready to go sooner than you may think. There is an unfortunately common misconception that business owners don’t need to have a business succession plan in place until they are nearing retirement...

You may feel as if starting a business is just a dream, but that is exactly what many women are doing: leaving their jobs and becoming entrepreneurs. Forbes reports that 40% of the new entrepreneurs are women. The reasons for starting their own businesses are as unique as the women who accept the challenge, but according to statistics and surveys, many women have similar motivating factors at heart. Here are a few of the reasons...

Your New Jersey business has taken off, and you need help. Before you place an ad for an employee, you may want to consider whether an independent contractor may meet your needs better. The answers to the following questions may impact your hiring decision. How much control do you want? FitSmallBusiness.com notes that if you hire an employee, you have significantly more control. You get to set the schedule, and you can dictate how he...

You have started to put your business plan in motion, and you feel nearly ready to open your physical location in New Jersey. Before you proceed, have you read up on the latest government regulations? Fundera lays out a lot of the groundwork for you. Familiarize yourself with these regulations to better ensure you and your business remain on the government’s good side. Labor and employment law If you plan on hiring regular employees or...

Many entrepreneurs enter the business world by investing in a franchise. Franchises often have the protection of an already established brand but allow owners to be creative to distinguish their franchise from others. However, owners must walk a fine line to achieve success in the world of franchises. Here are some essential tips for establishing and maintaining a successful franchise: 1. Always consider and plan for the future Nearly every business owner understands the importance—and...

Starting a business is rarely easy. Maybe someone has a great idea, but it takes a unique entrepreneurial spirit to get things off the ground. And one of the essential steps in that process is choosing the right legal structure for the company. Some methods of organization offer more flexibility, but less optimal tax treatment. Others protect owners from liability but require a more formal structure. According to the U.S. Small Business Administration, the most...

Small business owners in New Jersey may be eager to see their fledgling enterprise grow into a profitable business. After all, they may have put much thought and care into the creation and running of their business. However, that doesn’t mean there won’t be some stumbling blocks along the path to success. There are a variety of small business law conflicts that could arise within the course of doing business. For example, breach of...

Forbes recently came out with its state rankings on business-friendliness for 2018. These rankings were reached through reviews of six different categories of factors: business costs, labor supply, regulatory environment, economic climate, growth prospects and quality of life. Small business owners and entrepreneurs here in New Jersey may not be thrilled about the state’s performance in the rankings. New Jersey ranked in the bottom half of the country New Jersey was ranked as...

As summer approaches, many people make plans for vacation. This is a time to relax and refresh so you can feel renewed when you get back to work. If you are a small business owner, you may wish to use your vacation — or any downtime — to consider the goals you have for your business. Goals are essential for new business ventures, but even veteran business owners can benefit from seeing plans through...

When motivation strikes, you may want to get moving on a project as quickly as possible. While some endeavors may have the ability to be addressed and completed quickly, other more-involved undertakings may need more time for planning and assessment. If you have finally made the decision to get started on the process of forming your own business, you may want to take a step back and fully consider the scope of the project. ...