TestNew Jersey business owners typically obtain insurance for protection against losses or damage to their business. In a recent unpublished opinion, Grand Cru LLC d/b/a Restaurant Nicholas v. Liberty Mutual Insurance Company, et. Als., A-0619-21, the Appellate Division was asked to decide whether a restaurant’s insurance policy provided coverage for […]
On January 5, 2023, the Federal Trade Commission (FTC) proposed a new rule that would ban non-compete clauses in employment contracts. Many employers may need to revise their employment contracts and send notifications to current and former employees if the rule is adopted. The changes will likely elicit major challenges […]
As published in Forbes, December 3, 2021. By Edward Segal HBO’s hit show, Succession follows a dysfunctional family as they navigate the complexities (and drama) of running a family-owned conglomerate headquartered in New York City. While the show is pure fiction, journalist Edward Segal draws parallels to real-life business owners […]
Transferring wealth from one generation to the next is a tricky business. It becomes even more complex when a family business is involved since it raises many different emotions tied to planning for the succession of the business and presents significant questions for business owners. Whether consciously or subconsciously, many […]
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