Posts by russolawllc819
Can I Get Out of a Contract Because Circumstances Have Changed?
Changed circumstances do not automatically excuse contract performance. Learn how impossibility and frustration of purpose doctrines work under NJ and NY law.
Read MoreHow to Get an SBA Loan to Buy a Business in New Jersey and New York
SBA loans are among the most widely used financing tools for small business acquisitions in NJ and NY.
Read MoreWhat Happens to My Business If I Die Without a Succession Plan?
Without a succession plan, your business interest passes under your will or intestacy laws — which may not reflect your intentions and can create serious problems for surviving co-owners.
Read MoreBuying a Medical or Professional Practice: What’s Different From Buying a Regular Business?
Acquiring a medical or professional practice involves licensing requirements, fee-splitting restrictions, and goodwill issues that do not arise in ordinary business acquisitions.
Read MoreWhat the AAA’s 2024 Data Tells Business Owners About Arbitration vs. Litigation
The American Arbitration Association’s 2024 data on commercial dispute resolution contains useful benchmarks for business owners deciding whether to include arbitration clauses in their contracts.
Read MoreMy Business Partner Is Taking a Salary I Never Agreed To — What Can I Do?
A business partner paying themselves an unauthorized salary is a form of self-dealing that can constitute a breach of fiduciary duty. Learn what steps are typically considered in NJ and NY.
Read MoreWhat Is an Indemnification Clause and Why Does Everyone Fight Over It?
Indemnification clauses are among the most heavily negotiated provisions in any business contract. Here is what they cover and why the details matter in NJ and NY.
Read MoreHow Life Insurance Policies Are Used to Fund Buy-Sell Agreements
Life insurance is one of the most common funding mechanisms for death-triggered buyouts under a buy-sell agreement. Here is how it works and what to consider.
Read MoreThe Seller Is Financing My Acquisition — What Should the Seller Note Say?
Seller financing is a common structure in small business acquisitions. The promissory note and related documents determine your rights if something goes wrong after closing.
Read MoreWhat 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.
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