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I am the sole proprietor of a business which provides services. If I were to leave the business, the business would undoubtedly die because it is entirely dependent on me. Does this mean that my business has no goodwill? How is “goodwill” determined? By way of preface, remember from my prior Ask the […]
The dissolution of a limited liability company (LLC) can be just as complicated and messy as a divorce. However, it does not need to be. A well drafted operating agreement when you first form the LLC can help avoid confusion and costly litigation. Generally, the terms of the operating agreement […]
Dear Ask the Attorney: I own a body shop business and recently signed a lease with a landlord to use a building that was previously occupied by a similar body shop business. The building was vacant for at least five years, but the building is perfectly set-up for my business. […]
Dear Ask the Attorney: I am currently doing business under my LLC name which is registered in New Jersey. However, after 10 years in business, I am restructuring my business offerings and want to offer other services and brand these services under a different business name. Do I have to […]
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