Posts by russolawllc819
What to Do When a Partner Stops Pulling Their Weight
A partner who stops contributing creates real business and legal problems. Learn how to document the situation, review your governing documents, and understand your options in NJ and NY.
Read MoreCan My Operating Agreement Contain Buy-Sell Terms?
Buy-sell provisions can be integrated directly into an LLC operating agreement or partnership agreement rather than maintained as a separate document. Here is what to consider.
Read MoreBuying a Business With a Partner — What Happens If You Later Disagree?
Buying a business with a partner is exciting — until you disagree. The decisions made at acquisition about structure and governance determine how that conflict gets resolved.
Read MoreThe 5 Clauses That Prevent 80% of Business Disputes
Most business disputes are predictable — and preventable. Five contract provisions, when properly drafted, address the issues that generate the most litigation between business owners.
Read MoreI Have a Partnership Agreement or Operating Agreement — Do I Also Need a Buy-Sell Agreement?
Having an operating agreement does not mean you have a buy-sell agreement. The two documents serve different purposes, and many businesses need both.
Read MoreWhat Is a Holdback and How Does It Protect a Business Buyer?
A holdback withholds a portion of the purchase price at closing to protect the buyer against post-closing claims. Learn how it works and what to negotiate in NJ and NY deals.
Read MoreWhat Business Owners Get Wrong About Partnership Disputes
Partnership disputes are high-stakes and emotionally charged — which is exactly when mistakes get made. Here are the issues business owners most often mishandle.
Read MoreMaterial Breach Explained: When a Contract Problem Becomes a Lawsuit
Not every contract problem is a material breach — and the distinction matters. Learn what triggers escalation from a contract dispute to a lawsuit in NJ and NY.
Read MoreWhat Is a Buy-Sell Agreement and Why Does Every Business With Multiple Owners Need One?
A buy-sell agreement controls what happens to an owner’s business interest when they die, become disabled, or want out. It is one of the most important documents a closely held business can have.
Read MoreMy Business Partner Took Me off the Bank Account — What Should I Do?
Discovering that your business partner removed your bank account access is a serious warning sign. Learn what it may mean legally and how business owners in NJ and NY typically respond.
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