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By Parthiv M. Patel on December 9, 2019

Most tech start-ups are typically formed as a Delaware C-corporations (“Tech C-Corp”). However, in recent years an increasing number of tech start-ups have chosen to be formed as a limited liability company (“Tech LLC”).

By Parthiv M. Patel on October 24, 2019

Multi-national companies often maintain a team of in-house attorneys to keep abreast of changes in the law and take appropriate actions to protect the best interest of the company. On the other hand, small to mid-sized businesses choose to spare the resources as an in-house legal department can be expensive.

By Parthiv M. Patel on September 9, 2019

Businesses often require additional capital to start, grow, or manage business operations. To satisfy this need, businesses can pursue a variety of financing options. 

By Parthiv M. Patel on July 26, 2019

Businesses often require additional capital to start, grow, or manage business operations. To satisfy this need, businesses can pursue a variety of financing options, including debt financing.

By Mariel J. Giletto, Parthiv M. Patel on June 12, 2019

On June 10, 2019, the New Jersey State Assembly passed legislation, A-1677, which would suspend penalties for businesses that make certain paperwork violations of state laws.

By Parthiv M. Patel, Mariel J. Giletto on June 12, 2019

Small to mid-sized business owners often partner with other businesses to develop strategic relationships for growth, profitability, and additional market share opportunities. This relationship is referred to as a joint venture.

By Parthiv M. Patel on May 3, 2019

It is generally thought that backdating an agreement is done with an intent to deceive. However, backdating documents is practical in certain instances where the parties made an agreement on a certain date but were unable to memorialize that understanding in writing on that date.

By George M. Morris, Parthiv M. Patel on April 8, 2019

Local businesses within a commercial corridor looking to revitalize the economic, physical, and social value of its business should encourage their respective municipality to form Improvement Districts (“ID”).

By Parthiv M. Patel on March 13, 2019

On March 12, 2019, Governor Phil Murphy and legislative leaders announced an agreement on the legalization of adult-use marijuana in New Jersey. This agreement sets up the possibility of a vote on adult-use marijuana legislation before March 25, 2019.

By Parthiv M. Patel on February 4, 2019

On February 4, 2019, Governor Phil Murphy signed legislation to increase New Jersey’s hourly minimum wage rate from $8 to $15 (“A-15”). A discussion of key provisions of A-15 can be found here.

In addition to increasing the minimum wage, A-15 allows employers (“Employer”) who employ persons with impairments to receive up to $10 million in tax credits (“Tax Credits”) to offset the cost to an Employer of any increases in wages and payroll taxes for an impaired employee as a result of A-15.

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