Business partnerships, like marriage, do not always end as expected. Some business relationships work as well as one may hope, and the business thrives. Others become contentious, and partners realize it is best to go their separate ways. Which leads to one big question — how do business partners... read more
You started out as a solid team, investing the time, money and effort needed to build a thriving New Jersey business. But like many businesses, changing circumstances as time goes on can put your partnership in jeopardy. A partner may wish to leave the business for any one of... read more
“Breaking up is hard to do,” so sang Neil Sedaka in his hit song from 1960. Sure, it can be hard, but not always. Whether it’s a marriage or business relationship that’s on the rocks, breaking up can be made easier when there’s been some legal preparation and an... read more
Businesses close for any number of reasons. Unfortunately, some have been unable to make it through conditions brought about by the pandemic. Others close because the business owner is ready to move on to a new endeavor, be it retirement or another market. And others close because the business... read more
A patent is a legal tool that allows the holder to protect their innovative ideas. If granted, a patent serves to exclude others from using, making or selling the item protected by the patent for set period of time. But does this asset provide value to a business? If... read more
It is important to have an exit strategy when dissolving your business. You cannot simply hang a “closed” sign and move on to your next business endeavor. The United States Small Business Administration provides some tips, including: A failure to follow proper protocol when closing your business can result in unexpected... read more
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