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Selling your share in a closely held business? What to know, Part II.

PART II – LITIGATION UNDER NEW JERSEY’S SHAREHOLDER STATUTE

In a public company, as discussed in Part I, a shareholder can quickly find a buyer for his or her shares at a price already set by the stock market. However, in small companies, there is...

Selling a closely held business to your business partner? What to Know!

PART I – THE BUYOUT

Small businesses with a limited number of shareholders – sometimes referred to as closely held businesses – face an obstacle that larger, publicly traded companies do not: liquidity. Liquidity is simply a term used to describe the degree an interest,...

Could Your Property be the Subject of a Quiet Title Action?

Quiet Title Actions arise when ownership of a piece of property is in question.  It usually occurs from a mistake in a survey description.  Prior to the Twentieth Century, Deeds were typically handwritten and the property was described in what was called a “chain...

Consulting in New Jersey: What you need to know?

Consulting or freelancing is becoming an increasingly popular way to earn a living.  Unlike salaried, W-2 employees, consultants or freelancers have greater control over when they work, where they work and who they work for.  If you are considering either working as...

Starting a Business in New Jersey: What You Need to Know

Corporate entities are formed for all sorts of reasons.  For example, some corporations are formed in order to purchase real estate, some businesses are formed by entrepreneurs looking for new business opportunities and some corporations are formed to fulfill lifelong dreams, such as the opening...

You and Your Land – Do You Need a Variance?

In New Jersey, before you think of putting an addition onto your house, installing a fence along your property line, or installing a shed or pool in your backyard, it is critical for you to check with your town to determine whether a variance...

New Regulations Impact Residential Real Estate in New Jersey

On October 3, 2015, new regulations affecting the residential mortgage process became effective.  The new regulations issued by the Consumer Financial Protection Bureau (“CFPB”) are intended to combine the disclosures that consumers receive under the Truth in Lending Act (“TILA”) and the Real Estate Settlement...