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business law
Navigating Environmental Concerns When Purchasing a Commercial Property in New Jersey

Navigating Environmental Concerns When Purchasing a Commercial Property in New Jersey

Environmental issues commonly arise in all real estate transactions, ranging from the sale of individual residences to the transfer of extensive commercial and industrial facilities. Managing the associated risks is generally possible, but the real challenge is identifying environmental issues at the outset. Failing to recognize and address such issues may result in parties unknowingly...
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What Is a Non-Disclosure Agreement?

If you pay attention to the news or are involved in business transactions, you’ve probably heard the term non-disclosure agreement (NDA) before. While most stories that discuss NDAs center around salacious details that someone (usually a celebrity or politician) doesn’t want to be made public, there are far less sensational situations where they might be...
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How to Avoid Partnership and Shareholder Disputes

There can be many reasons why partnership or shareholder disputes happen. In many cases, partners do not define their expectations in the form of a shareholder or partnership agreement before the start of the business. However, even in written agreement cases, there is often room for disputes concerning distributions, ownership percentages, governance issues, compensation, and...
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8 Business Succession Planning Best Practices

Business succession planning is the documentation of logistical and financial decisions about who will take over your business upon retirement, death, or unforeseen disability. The best plans for successful business succession are laid out in advance of any unforeseen future events. To determine the best strategies to transfer your business in the future, we broke...
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How to Legally Keep Your Personal & Business Assets Separate

The most important strategy for protecting your personal and business assets is to structure your business as a separate legal entity. Whether you structure your business as a sole proprietorship, corporation, or Limited Liability Company (LLC), the legal entity will dictate everything from your risk and liability to how the IRS will handle your business...
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How to Legally Protect Your Real Estate Investment

Investing in real estate involves the purchase, ownership, management, rental, and/or sale of real estate for profit.  Investing in real estate has grown in popularity and could potentially be very rewarding. However, it is important to do your research and understand all the responsibilities and potential liabilities that come along with an investment property. Real estate investing could...
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Should You Get Legal Advice When Starting a Business?

Starting a business comes with a lot of responsibilities and obligations. From forms to contracts as well as business operations, it’s best to first examine your business needs before deciding whether or not you will need an attorney. Registering and forming a structured business is usually the first decision a business owner must make. Deciding...
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Buying and Selling Commercial Real Estate in NJ

Commercial real estate is a broad term describing real property used to generate a profit. Examples of commercial real estate include retail buildings, office buildings, warehouses, industrial buildings, apartment buildings, or “mixed-use” buildings, where the property may include retail, office and apartment spaces. Essentially, “commercial” applies to any property that you use to grow, expand,...
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4 Types of Asset Protection Strategies to Safeguard Your Assets

Personal Asset Protection Is Often An Afterthought The main objective of an asset protection strategy is to safeguard your assets from any unexpected creditor claims, liens, or lawsuits. In order to secure your assets from such unlikely but real threats, it is imperative, regardless of how much you own, to have a protection strategy for...
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Forming a Business in NJ: Which Business Entity Structure is Right for You?

Choosing The Best Business Entity Structure Starting your own business is a very exciting venture. However, deciding on the business entity structure is sometimes overwhelming. There are different pros and cons to forming a business entity in NJ.  We have broken down four different business entities for your review so you can understand what will...
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