New Jersey Business Lawyer

Opening a Business in New Jersey

Opening a business in New Jersey is an exciting venture thousands of people undertake each year. For your business to succeed it’s important to have an experienced business law attorney help you navigate the legal waters. You have a variety of legal options available to you when opening a business, including sole proprietorship, partnership, corporation (S and C), nonprofit corporation, and an LLC. An LLC is a limited liability corporation and is one of the most common types of business registrations filed in New Jersey. Determining the type of business you should file for is not easy. The choice depends on the tax implications you will face, the number of employees in the organization, the amount of liability you can take on, and the amount of responsibility you want to share with other partners.

Selling Your Business

Are you ready to sell your business? Deciding to sell is difficult, especially if the company has been in your family for generations, if you have become ill and can no longer run it, or if you are ready to retire and travel the world. Whatever your reason, selling a business is a serious legal matter that should be handled by an experienced business law attorney who can help you receive the best compensation package. The Law Offices of James C. DeZao, P.A. can help you formulate an asking price for your business and ensure you are not accepting a lowball offer. Our practice can also help you determine if any of the following obstacles will affect the sale of your business: a lack of scalability, low gross margins, an overreliance on you as the owner, employees who are not supportive, poor accounting systems, and more.

Independent Contractors

Depending on the scope or scale of your business, independent contractors can play a significant role in your success. Independent contractors are not employees of your company. They are not eligible for salary, benefits, or healthcare. Independent contractors are just that, independent. They likely have many other contracted jobs for companies in the same industry in which you operate. Independent contractors are easy to replace since their contracted terms are reduced compared to a salaried employee. Industries that typically use independent contractors include delivery services, construction, farming, journalism, childcare, residential and commercial cleaning, bookkeeping, accounting, and many others. When your company hires an independent contractor to handle a one-off project or multiple projects, they will be required to complete a 1099 in order to have their taxes filed correctly.

Business Litigation

Business litigation is an area of the law you should never ignore when running a business. Almost every business will wind up facing some form of litigation while it is operational. Potential lawsuits can include issues with employees, vendors, clients, consumers and more. Business litigation, if not handled properly, can cost your business thousands of dollars in fees, fines, and even more if you lose the lawsuit or are forced to settle before reaching court. Businesses can be taken to small claims court and face a multitude of lawsuits for various problems that might arise because of an issue with a product or service you offer, something an employee does or says, and many other problems. Are you facing a wrongful termination lawsuit? How about a discrimination lawsuit? These are major legal issues that any company can face and should not handle alone.

Do I Need an NJ Corporate Attorney?

Business law issues can be some of the most contentious legal disputes. Consulting an experienced team of family law lawyers like those at The Law Offices Of James C. DeZao can help you understand your rights and to protect your interests.