Category Archives: Business Law
Why a Buy-Sell Agreement Is Vital for Your Small Business
A buy-sell agreement is a contract that establishes the terms and conditions for transferring business ownership interests in case of the retirement, disability, death or voluntary exit of a partner or shareholder or in case of another triggering event. Such an agreement can be essential to ensuring the viability of a small business and protecting […]
Key Aspects of the CARES Act Provisions Authorizing Small Business Loans
Small business owners are necessarily prepared for various types of challenges, but what do you do when the government orders you to close for an indefinite amount of time? Unfortunately, the COVID-19 pandemic has put millions in this very difficult position. Even worse, it is still unclear in many places when authorities will allow businesses […]
Avoid Family Strife with the Proper Documentation
Times are hard. Many of our adult children come home to get back on their feet. Many of our clients want to help their family and friends by loaning money or guaranteeing and/or co-signing a loan. This can cause a disaster. Don’t Assume Anything. When adult children come home, there needs to be a “plan” that everybody […]
Guest Post: Independent Contractors v. Employees
A friend and colleague, Audra Schwartz, Esq., posted this important business law update on her website. I am reposting with her permission. NJ ALERT—Earlier this month, the New Jersey Supreme Court in Hargrove v. Sleepy’s, LLC, decided that the “ABC” test set forth in the New Jersey Unemployment Compensation Act, will be used to determine whether […]
Emergency Update: IRS Phone Scam
Unfortunately, one of our clients just got fleeced for “everything” he had. We usually send out emails about scams once a year or so, but in light of what happened to our client we are posting this emergency update. Don’t be fooled: anyone who calls claiming to be from the IRS is lying. If someone contacts […]
Special issues for employees using their car for business matters
If you are a business owner and you have one or more employees who use their cars for business matters, you need to be aware of the rules governing employees’ use of vehicles. These rules not only pertain to reimbursements and deductions, but to employer liability as well. (Note that this is not for the employee commuting to […]
