New Jersey Business Law FAQ

Here at Feitlin, Youngman, Karas & Gerson, LLC, we understand that navigating the legal aspects of running a business can be complex, whether you’re just starting out or managing an established company. To help you better understand the legal issues you may face, we’ve compiled answers to some of the most commonly asked questions by business owners in New Jersey. From business formation to litigation, contract drafting, and more, our team is here to provide guidance and solutions tailored to your business needs. Read our New Jersey business law FAQ to learn more.

Business Law FAQ for Clients in New Jersey

Q: What legal services does Feitlin, Youngman, Karas & Gerson, LLC offer to businesses in Bergen County?
A: Our firm provides a wide range of business law services, including business formation, business litigation, contract drafting, commercial real estate transactions, creditor rights, and business transactions. We help businesses at every stage of their development, from startups to established companies.

Q: What are the steps to forming a business in New Jersey?
A: Business formation in New Jersey involves choosing a business structure (such as an LLC or corporation), registering with the state, obtaining necessary licenses, and drafting foundational documents like operating agreements or bylaws. Our attorneys can guide you through each step to ensure compliance with local and state laws.

Q: How can a business lawyer help with contract drafting?
A: A business lawyer ensures that contracts are legally sound, clear, and enforceable. At Feitlin, Youngman, Karas & Gerson, LLC, we draft, review, and negotiate contracts to protect your business’s interests and minimize the risk of future disputes.

Q: When should I hire a business litigation attorney?
A: You should consult a business litigation attorney when facing disputes involving breach of contract, partnership disagreements, shareholder issues, or other legal conflicts. Our experienced litigators can help resolve disputes through negotiation, mediation, or litigation if necessary.

Q: What legal issues should I consider before signing a commercial real estate lease?
A: Before signing a commercial lease, it’s crucial to understand the terms, such as rent, lease length, responsibilities for maintenance, and zoning laws. Our attorneys can review the lease to protect your rights and ensure that it aligns with your business goals.

Q: What types of business transactions does Feitlin, Youngman, Karas & Gerson, LLC handle?
A: We assist with various business transactions, including mergers, acquisitions, asset purchases, and sales. We ensure that all agreements are structured to minimize risk, protect your interests, and comply with applicable laws.

Q: How can a lawyer help with business succession planning?
A: Business succession planning involves creating a strategy for transferring ownership and management of your business. We help you draft buy-sell agreements, plan for tax efficiency, and ensure a smooth transition to the next generation or new owners.

Q: What should I do if a customer or client refuses to pay their invoice?
A: If a client or customer refuses to pay, you may need to pursue legal action. We assist with creditor rights, including demand letters, negotiation, and filing lawsuits to recover unpaid debts.

Q: How can Feitlin, Youngman, Karas & Gerson, LLC assist with breach of contract cases?
A: Our attorneys can evaluate the breach of contract, advise on possible remedies, and represent you in negotiations or court proceedings to seek compensation or enforcement of the contract terms.

Q: What is the difference between an LLC and a corporation in New Jersey?
A: An LLC offers flexibility and pass-through taxation, while a corporation may offer more robust liability protection and potential tax benefits. We can help you determine the best structure for your business based on your needs and goals.

Q: What should I do if my business is being sued?
A: If your business is being sued, it’s essential to consult a business litigation attorney immediately. We will assess the case, develop a legal strategy, and represent your interests in court or settlement negotiations to protect your business.

Q: How do I sell my business in New Jersey?
A: Selling a business involves various legal steps, including valuing the business, negotiating terms, drafting the sales agreement, and transferring assets or shares. Our team can guide you through the process to ensure a smooth transaction.

Q: Can Feitlin, Youngman, Karas & Gerson, LLC help with shareholder disputes?
A: Yes, we have experience handling shareholder disputes, including breaches of fiduciary duty, disagreements over management decisions, and issues with minority shareholder rights. We work to resolve these disputes efficiently, whether through negotiation or litigation.

Q: What is involved in drafting a business contract?
A: Drafting a business contract involves clearly defining the rights and responsibilities of each party, ensuring the terms comply with state and federal law, and addressing potential issues like breach, termination, and dispute resolution. We ensure your contracts are robust and enforceable.

Q: How can Feitlin, Youngman, Karas & Gerson, LLC assist with commercial real estate purchases?
A: We provide comprehensive legal services for commercial real estate purchases, including negotiating terms, conducting due diligence, reviewing contracts, and ensuring compliance with zoning laws and other regulations to protect your investment.

Contact Feitlin, Youngman, Karas & Gerson, LLC

Have further questions or require the assistance of a business lawyer? Contact Feitlin, Youngman, Karas & Gerson, LLC today.