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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...

Some in New Jersey have done their part to continue taking care of their families after they pass away. That said, creating an estate plan is one thing, but talking about that plan is something else entirely. Cadence Bank provides advice for those unsure of how to discuss their estate plans with family. This vital conversation is one of the most important that a person can have in her or his life. Lend adult children...

The person who creates a will, known as the “testator,” can outline exactly what they want to happen to their assets after they pass. A will can include any information someone wishes to pass on to loved ones about their property, but a few requirements apply to make the will legally enforceable. Below, we outline some of the most frequently asked questions about creating a will that is valid in The Garden State. What makes...

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...

Forbes recently published an article discussing the four most common myths about estate planning. One of those myths is that it is not necessary to revise an estate plan after establishing it. This myth was listed at number four, but it should have been at the top of the list. It is not only one of the most common myths, but also one of the most dangerous. In our busy lives, it is already a...

Business owners that have several contractors under their employment should have a good understanding of what mediation is. This negotiation process is used often by companies for employment legal problems that could cost additional money and time for both clients in litigation. However, if the case turns out to have more complications, then mediation may also end up as a waste of time before heading to court. Even though mediation has become an increasingly popular...

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...

The objective a thoughtful estate plan is to address the unique and sometimes pressing needs of a client and their family. Some plans are straightforward because there is only a single child or spouse, but the high rate of divorce means that many drafting a will, trust or estate plan often will include second (or third) wives, biological children and step-children. It can get even more tangled if there are grandchildren or even great-grandchildren involved...

While the emotional effects of losing a loved one can linger for a long time, there are some important realities those close to the deceased will have to deal with in the short term. One of those important items will be the disposition of that person’s property, known as the process of estate administration. When a person passes away, that person’s estate enters probate, which is directed by the courts. The court will oversee this...