The Value of Non-compete Covenants in a Business Divorce
Owners of closely held businesses, whether an S corporation, limited liability company or partnership should always be attentive to and be familiar with the operations of the company, as well as the rights, duties, and obligations they have as owners. This latter point includes making sure the company has an executed shareholder agreement or operating […]
BUSINESS DIVORCE: Realizing the necessity to end the business partnership
Like a marital divorce, the dissolution of a business or a “break-up” of a company due to ownership and partner in-fighting is typically referred to as a “business divorce”. Just as in a marriage when the relationship sours between two or more business partners, those partners need to identify what the difficult issues are: Do […]
Jardim, Meisner, & Susser, P.C. Announces Two New Equity Partners
New Jersey, January 4, 2023 – Jardim, Meisner & Susser, P.C., a distinguished mid- sized law firm with a decade-long legacy of providing top-notch legal services in New Jersey and the surrounding area, is thrilled to announce the elevation of Scott Salmon and Jessica Ragno Sprague to the positions of name equity partners. The firm […]
The Value Of Non-compete Covenants In A Business Divorce
Owners of closely held businesses, whether an S corporation, limited liability company or partnership should always be attentive to and be familiar with the operations of the company, as well as the rights, duties, and obligations they have as owners, especially during a business divorce. This latter point includes making sure the company has an […]
The Dissolution Process as a Means of Closing Your Business
The development and ownership of a business is one of the most important aspects of a person’s career. A business owner creates a company from inception and dedicates their sweat equity, time and efforts to develop and grow the company, or they invest their own capital to purchase an existing company. In either instance that […]
Mendham Township’s election dispute goes to court
HARRISON MALKIN, ASSOCIATE PRODUCER | JANUARY 3, 2023 | NJ DECIDES 2022, POLITICS Deputy Mayor Thomas Baio seeks to invalidate a number of ballots The outcome of a local election in a wealthy Republican-leaning town in Morris County continues to cause strife. Deputy Mayor Thomas Baio, a Republican, refused to concede to Democratic challenger Lauren Spirig after the […]
JMS partner, Timothy Lyons, has been re-certified by the Supreme Court of New Jersey as a Certified Civil Trial Attorney.
JMS partner, Timothy Lyons, has been re-certified by the Supreme Court of New Jersey as a Certified Civil Trial Attorney, an honor bestowed on less than 1% of the attorneys in New Jersey. Certification is granted by the Supreme Court only to trial attorneys who are capable of displaying an advanced level of knowledge, […]
Business Divorce: New Jersey Appellate Court Reaffirms the Standard for Shareholder Oppression As the Minority Shareholder’s” Reasonable Expectations”
In a recent decision New Jersey’s Appellate Division addressed the standard of proof for minority shareholder oppression under New Jersey law. In the decision of Matusow v. Iznec, et al., the court analyzed the parameters for what would constitute “the reasonable expectations” of a minority shareholder pursuant to New Jersey’s Minority Shareholder Oppression Act. In […]
The New Jersey Supreme Court reconfirms there is no standard or requirement to apply discounts in determining Fair Value for a business valuation.
BUSINESS DIVORCE: In litigation matters or disputes regarding business valuation of a corporate entity, the goal of establishing fair value by a court includes the discretion as to whether any “discounts” should be applied. Typically, the usual discounts considered are marketability discounts, or control premium discounts. One of the common scenarios in which the fair […]
BUSINESS DIVORCE:
The New Jersey Supreme Court reconfirms there is no standard or requirement to apply discounts in determining Fair Value for a business valuation. In litigation matters or disputes regarding business valuation of a corporate entity, the goal of establishing fair value by a court includes the discretion as to whether any “discounts” should be applied. […]
