Is it time to get out? Better yet, will it be time to get out, maybe next year or the year after? One of the biggest mistakes business owners make when selling their businesses is failing to plan far enough in advance for the sale. If it’s time to get out right now, then you [...]
Management Succession Planning
May 22, 2013 Leave a Comment
Two of the biggest pressure points in the life cycle of a small business are when: The business becomes bigger than its sole proprietor The company’s founder/current leader is ready to retire Many small and medium-sized businesses fail at these milestones. Successfully negotiating the first requires detail-oriented business planning in advance of major growth. Successful [...]
Three Reasons to Hire a Lawyer Before You Sign a Commercial Lease
May 1, 2013 Leave a Comment
If you are preparing to lease commercial property, you may be tempted to forego the expense of retaining a commercial real estate transactions attorney, especially if yours is a small or new business and you have multiple priorities vying for financial resources. This is one of those areas, however, in which the old saw, “A [...]
Shakeup in New Jersey Redevelopment Funds Allocation
April 25, 2013 Leave a Comment
The New Jersey Economic Opportunity Act of 2013, A-3680 is wending its way through the Statehouse with major bipartisan sponsorship and both rural and urban support. Something for everyone! Guess who pays? The announced purpose of the bill is to increase the benefits associated with the Grow New Jersey Assistance Program to make it “the [...]
Religious Holidays and Reasonable Accommodation
March 29, 2013 Leave a Comment
Religious Holidays and Reasonable Accommodation: EEOC v Ozarks Electric Via a consent decree entered and approved March 25, 2013, Ozarks Electric, a major electric cooperative in Fayetteville, agreed to pay a $95,000 to a former employee and engage in prospective relief to settle a religious discrimination lawsuit brought by the Equal Employment Opportunity Commission. [...]
Your Small Business and the Affordable Care Act
September 28, 2012 Leave a Comment
80% of American business firms employ fewer than 10 workers. Regardless of how you may feel about the wisdom of ‘The Affordable Care Act’, as a small business owner you may want to take advantage of real and immediate monetary relief from Uncle Sam: federal tax credits of up to 33% of the amount they [...]
Tortious Interference with Business Relations
August 21, 2012 Leave a Comment
You work hard to build your book and set up relationships that provide a strong and healthy future for your company. Then a competitor comes along and intentionally tries to interfere with your business relationship with your customers, or even encourages your business partner of customer to breach their contract with you. We live in [...]
Mediation and Arbitration
August 7, 2012 Leave a Comment
If you are involved in a legal dispute, and can’t afford a lengthy and protracted court battle, there are alternative means of dispute resolution that can allow you to quickly and cost-effectively resolve your differences—mediation and arbitration. Which one makes the most sense for you? This blog identifies the basic differences between the two processes, [...]
Insurance Coverage Disputes
July 25, 2012 Leave a Comment
Insurance Coverage Disputes. If you own or operate a business, you probably have insurance to cover the various risks associated with its operation. In addition to insurance that covers property or casualty loss, you may have life insurance policies on key owners, or have a comprehensive general liability (CGL) policy in place. Your CGL often [...]
