—Overview— On September 19, 2012, the New Jersey Revised Uniform Limited Liability Company Act was enacted which made significant changes to the law governing New Jersey limited liability companies (“LLCs”). —Background— On September 19, 2012, Governor Chris Christie signed into law the New Jersey Revised Uniform Limited Liability Company Act (the “Act”), representing the […]
General Business Issues Fast Facts
Helping Small Businesses Engage a CPA Firm
—Background: Why Retain a CPA? — Small businesses and mid-size companies often have complex tax and accounting needs that require the help of a trained professional. Certified Public Accountants (CPAs) and their firms serve as advisers who can help address these issues. A business should retain a CPA firm that has experience with small businesses […]
New Jersey Businesses Affected by Court’s Ruling Regarding Validity of Online Agreements
–Background– “Consumers are increasingly purchasing products and services over the Internet. As those Internet transactions have become more prevalent, so too have legal disputes proliferated over the contractual rights created in cyberspace between buyers and sellers.” Hoffman v. Supplements Togo Mgmt., LLC, 419 N.J. Super. 596 (App. Div. 2011) An online agreement must be “fair […]
New Jersey Requires Businesses to Protect Personal Information
–Background– On January 1, 2006, the New Jersey Identity Theft Prevention Act (ITPA) took effect. This state law aims to reduce identity theft in New Jersey. The law imposes strict requirements on all companies that conduct business in New Jersey, regardless of size or corporate structure. The ITPA contains requirements regarding: the use and display […]
New Jersey Supports Small Businesses with Big Plans
–Background– The State of New Jersey is committed to supporting the growth and success of small businesses. This commitment is evident in the State’s financial support and advocacy services available to the small business community. —Access to Capital — The New Jersey Economic Development Authority (EDA) offers a variety of financing and incentive programs to […]