A new client came to me for legal assistance in collecting a $75,000 balance due in connection with a major home improvement contract. He was upset because he had been in business for 30 years without a legal claim. He spoke with pride of many satisfied customers and successful projects, showing me pictures of high-quality materials and workmanship.» Read More
The New Jersey Legislature adopted the New Jersey Limited Liability Company Act in 1993 (the “1993 Act”)1 and thereby ushered in a new form of business enterprise: the limited liability company (LLC). The 1993 Act enabled business owners to “take advantage of both the limited liability afforded to shareholders and directors of corporations and the pass through tax advantages available to partnerships.”» Read More