Business Law

Business law is extensive. Businesses are highly regulated and complex organizations. Business owners and entrepreneurs encounter difficulties daily, if not more frequently. 

You should have an experienced and seasoned business attorney in Princeton, NJ, to guide you in navigating business law. We at Inderjit K. Sidhu ESQ. LLC understands your situation because we know you always act in the company’s best interests. We handle a wide range of business law services that could help you protect your business. Here are just a few of them:

Business Legal Structure/Entity

If you are considering starting a new company in New Jersey, one of the first choices you will need to make is regarding the type of business entity you want to establish. What kind of legal framework will the company have? Do you want a sole proprietorship, a general partnership, a limited partnership, etc.?

Considering your goals as an entrepreneur or business owner, you may want to reach out to a Princeton business attorney to discuss the benefits and disadvantages of your preferred business structure. 

Corporate Structuring

Corporate structuring is essential for better management of company resources, understanding regulations across jurisdictions, and limiting legal liability. A well-planned corporate structuring strategy anticipates potential risks related to tax structures, cash distributions, succession planning, and cash funds and employs innovative measures to protect investors’ and business owners’ interests. 

A solid corporate structure allows business owners and investors to focus on meeting their business objectives rather than constantly pondering the best way to achieve these goals. The core benefits of corporate structuring include:

• Risk assessment and management
• Effective financial management
• Better regulatory compliance
• Business Formation

After deciding what kind of business entity to have, the next step is to draft the necessary formation documents such as articles of incorporation, bylaws, operating agreements, partnership agreements, employment contracts, shareholder agreements, restrictive covenants, resolutions, and so on. 

Additionally, registrations for an alternate name or “DBA” must be filed, and the designation of a registered agent must also be filed. Finally, the business must be registered with the Secretary of State. This process is complex and time-consuming. Our Princeton business attorney can take care of all of these concerns on your behalf.

Business Compliance

Corporate compliance is the process by which a business or other organization ensures that it complies with all relevant laws, regulations, and ethical standards. In other words, it means ensuring that your company is “acting properly” or “playing by the rules.”

Why is business compliance important? 

It protects your employees and demonstrates to your staff that you care about their well-being and are dedicated to protecting them when you have a compliance program. This can contribute to a reduction in the likelihood of accidents and injuries occurring on the job.

• It protects your customers – customers are more likely to do business with a company if they know that it complies with all applicable laws and regulations. This can help you bring in new customers while also ensuring the satisfaction of your current clientele.
• It protects your company – you can save money on expensive fines and penalties by implementing a compliance program. It can also help you build a positive reputation, which can lead to more opportunities in the business world.
• It helps you create a culture of compliance – when workers see that their employer is committed to compliance, they are more likely to comply with the rules on their own. This can help create a positive work environment and reduce the risk of misconduct on the part of employees.

Business Litigation

No matter how large or small a company is, or whether it is owned and operated by a sole proprietor or a multinational conglomerate, there is always the potential for a dispute to arise. A dispute in the workplace has the potential to ruin an organization’s reputation, impede its productivity, and adversely affect the health and happiness of its workforce.

A business contract is frequently the root of major disagreements in the business world. The terms of the agreement outlined in the official business document are not being adhered to by one of the parties. If your company is involved in any kind of legal conflict, an experienced New Jersey business law lawyer with extensive experience in business litigation may be able to assist you in swiftly resolving your situation.

Business Contracts

The most important rule of contract law is that all agreements must be written. Every commercial transaction should be memorialized in a legally binding business contract. However, not all contracts are equal. Some leave room for misunderstanding. Others simply do not provide adequate protection.

Contracts that govern a company’s transactions and the business relationships it maintains are the single most important factor in determining how successful a company will be, regardless of the size of the company or the number of employees it employs.

Doing business contract drafting and reviewing on your own is not a recommended course of action. A seemingly insignificant omission in a contract may end up costing you a considerable amount of money. If you want to ensure that your legal rights are protected, that all of your available options are maintained, and that any potential for legal conflict is eliminated, reach out to a business attorney in Princeton now. 

Mergers and Acquisitions

Mergers and acquisitions can be an important tool for an acquiring company to diversify its business and create new synergies, as well as an important “exit strategy” for a target company’s shareholders. However, such transactions raise critical issues that acquirers and target companies must address. 

These and other types of corporate transactions require lengthy, detailed, and complex agreements and a review of the parties’ operational and financial documents to ensure the deal is a good fit for both parties. 

The process can be intimidating if you’ve never done one for your company. You may also be concerned about missing key details, which could mean the entire transaction is bad for your company. It is highly recommended to seek legal help from a competent Princeton business law lawyer To help you address these worries.

Asset Purchase Agreements

In the state of New Jersey, asset purchase agreements are a form of business sale in which, rather than purchasing a company’s stock, a buyer purchases specific company assets and assumes specific legal and business liabilities. This sale is common when a buyer does not wish to buy a company’s stock. 

Several one-of-a-kind concerns can arise during this purchase agreement, such as inventory, accounts receivable and payable, asset conditional issues, and premises leases, all of which need to be addressed. A qualified business attorney in Princeton can help eliminate these concerns. 

Buy-Sell Agreement

A buy-sell agreement is a contract between the owners of a company that determines what will happen to the company’s ownership in a predetermined event, such as the owner’s death, retirement, the company filing for bankruptcy, or the sale of the company. A buy-sell agreement can reduce the likelihood of misunderstandings and help owners of businesses and their families avoid becoming tangled up in highly controversial disputes and complicated legal battles.

The general purpose of a buy-sell agreement is to:

• Restrict the transfer of shares
• Institute the value of shares for estate tax purposes

There are two basic types of buy-sell agreements.

• Redemption Buy-Sell Agreement – a contract in which the business entity purchases the interest of the owner who is leaving the company.
• Cross-Purchase Buy-Sell Agreement – involves the remaining owner/s acquiring the interest of the departing owner/s on an individual basis.