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Choice of Entity

Nov 24, 2020

A New Jersey LLC Is Really a General Partner

On November 13, 2020, the Superior Court Appellate Division affirmed (per curiam) the November 15, 2018, judgment of the trial court in Steven BATITSAS, and Diane Sarahwati, Plaintiffs-Respondents, v. PARK POINT INVESTORS, LLC, Defendant-Appellant, (New Jersey Appellate Division, November 13, 2020) holding that the defendant LLC was liable to plaintiffs for the amounts in excess of debt realized from the sale of two rental properties.» Read More

Jul 31, 2018

Limited Liability Companies: Important Considerations to Make from Beginning (Part 2)

In my first post for the Biz Law Blog, I discussed the benefits of choosing a Limited Liability Company (“LLC”) as the entity for your business.  In this post, I will discuss some important considerations for you when starting your business.» Read More

Jul 26, 2018

Limited Liability Companies: Easy to Set-Up and Worth it to Protect You and Your Business (Part 1)

I have heard from many people that they do not have any entity formed for their business and operate as a sole proprietor.  If operating as a sole proprietor is best for what you do, and your business has very limited liability for the owner, it might not be a bad move. » Read More