Divorce results in the division of marital property. When a divorce involves a business owner, the business may be subject to division. Business owners can take steps to avoid this, such as the use of a prenuptial or postnuptial agreement. However, absent a business owner’s active attempts to keep... 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
As an experienced New Jersey Divorce Attorney I am often asked what happens to a marital owned business following a divorce. When you are a business owner, and let’s say you own a delicatessen. You’ve opened that delicatessen up during the marriage, and your wife has worked in that... 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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