10 Best Clauses for an Operating Agreement

10 Best Clauses for an Operating Agreement

A New Jersey LLC can be formed with relatively little paperwork, but that does not mean the owners have answered the hard questions. What happens when one member stops contributing? Who can sign a lease or borrow money? Can an owner sell an interest to an outsider?...
Corporate Governance for New Jersey Businesses

Corporate Governance for New Jersey Businesses

A disagreement over who can sign a lease, approve a loan, hire an executive, or sell company property can quickly become more than an internal business issue. It can delay a transaction, damage relationships, and expose owners or directors to avoidable risk. Corporate...
LLC Versus S Corporation Taxes for NJ Owners

LLC Versus S Corporation Taxes for NJ Owners

A profitable business can face a costly surprise when its owners treat an LLC and an S corporation as interchangeable. In the discussion of LLC versus S corporation taxes, the key distinction is often missed: an LLC is a state-law business entity, while S corporation...