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I am making a new vision for the company and changing the name and target market. The last LLC is a dead company, I am 80% owner of the older company. I want to make a brand-new LLC and start over with my own brand as 100% owner. Is there any complications or tax issues/sales tax/income tax or... View More
answered on Jan 9, 2025
Forming a new LLC for your rebrand is a great way to start fresh as a 100% owner, free from any liabilities, debts, or obligations tied to the old company. This approach ensures your new brand aligns with your vision and target market without being influenced by the history of the prior LLC.... View More
I am making a new vision for the company and changing the name and target market. The last LLC is a dead company, I am 80% owner of the older company. I want to make a brand-new LLC and start over with my own brand as 100% owner. Is there any complications or tax issues/sales tax/income tax or... View More
answered on Jan 8, 2025
For your situation, when creating a new LLC and transitioning from an older company, there are a few considerations to keep in mind:
If the older LLC has any existing debts, obligations, or contracts, it’s important to ensure those are properly addressed so they don’t carry over to the... View More
Is this possible in NJ? And if so, what are the initial steps that I should be considering?
answered on Mar 1, 2024
Here are the key things to consider when changing a private school in New Jersey from an LLC to a 501(c)(3) nonprofit:
- It is possible to make this change in NJ. You would need to dissolve the LLC and then incorporate as a new nonprofit entity.
- To qualify as a 501(c)(3), the... View More
I have an LLC in New Jersey and recently added a DBA under the LLC for a different service. I've trademarked the DBA name less than a year ago. The name is currently available for LLC registration in NJ, and I've registered it as a DBA under my LLC. My concern is whether someone else can... View More
answered on Aug 27, 2025
You are dealing with three different systems: the LLC’s legal name, your DBA (often called an “alternate name”), and your trademark. In New Jersey, a DBA registration does not by itself block the State from allowing another LLC to form with the same name, because name-availability checks... View More
I want to know what steps I should take to open a private military contractor (PMC) in New Jersey.
answered on Aug 21, 2025
You start by defining the scope of services, domestic security contracting versus federal defense support versus training, because each triggers different laws. Form a New Jersey entity, LLC or corporation, adopt bylaws or an operating agreement, obtain an EIN, register with the New Jersey Division... View More
I run a small short-term rental co-hosting/property management business in New Jersey. I manage properties remotely in Pennsylvania and New York, charging a commission based on the nightly rental rate. I am considering forming a New Jersey LLC for liability protection, and registering it as a... View More
answered on Jun 12, 2025
Your proposed structure is legally sound and actually represents best practice for operating across state lines. By forming a New Jersey LLC and registering it as a foreign LLC in Pennsylvania and New York, you'll properly establish your legal right to do business in those states while... View More
I want to draft a Memorandum of Understanding (MOU) for an exclusive business deal to represent a brand in the USA through our company. Our responsibility will be to market the brand and collaborate with other distributors and online platforms. The agreement should last for at least three years.... View More
answered on Apr 23, 2025
A virtual or Zoom consultation and more facts would be required to provide a meaningful estimate of what preparation of this document would cost. You should expect to pay for about 1/2 to 1 hour of attorney time to review everything and provide an estimated legal fee for drafting of the document.... View More
I'm looking to start an indoor cannabis cultivation business in New Jersey. We've begun the licensing process, and the next step requires writing Standard Operating Procedures (SOPs) as per the NJ cannabis regulatory committee's requirements. I am unsure where to start and would like... View More
answered on Apr 13, 2025
You're stepping into an exciting but tightly regulated space, and it’s smart that you’re thinking carefully about compliance from the beginning. In New Jersey, the Cannabis Regulatory Commission requires detailed Standard Operating Procedures (SOPs) that cover everything from cultivation... View More
I have not filed my income taxes for the past three years due to personal circumstances, including dealing with addiction and caring for my ill wife. I collect Social Security benefits and have a small business but have kept no records of income or expenses. I have received notices from the IRS... View More
answered on Mar 26, 2025
You need to retain either an experienced tax law attorney or a CPA who practices tax accounting. You have a reasonable explanation for why you did not file. Either the attorney or CPA can work out an offer and compromise. I do not think there will be any problem to work an offer and compromise with... View More
So many restaurants claim they are selling wings when they are in facts selling wings cut into 2 counting them as an individual wing. tA wing is a drum and a flat TOGETHER not separatley
answered on Sep 16, 2024
A consumer protection attorney could advise best, but your question remains open for three weeks. Many law firms could be reluctant to handle such a lawsuit. But you reach out to firms to discuss - some might see things differently. Good luck
I currently live in New Jersey, USA, on an L1B visa, and my wife holds an L2 visa. We’re considering starting an LLC for a wholesaling business, which would involve my wife and my brother (who lives outside the U.S.). I would only act as a silent partner, providing financial investment if needed,... View More
answered on Sep 12, 2024
As an L1B visa holder, your primary focus must remain on your employment with the company that sponsored your visa. Engaging in any form of active management or employment in a business outside of your L1B sponsor could potentially violate the terms of your visa. However, passive investment, where... View More
We will be providing free CPR classes taught by a certified instructor, we will not give out CPR certifications.
answered on Aug 20, 2024
If you're planning to start a nonprofit providing free CPR classes without issuing certifications, it's generally advisable to register your initiative. Here's why:
1. State Incorporation: Incorporating as a nonprofit in New Jersey provides legal recognition and liability... View More
I need to establish an employer-employee relationship by appointing two other directors. What is the procedure that makes the appointments legal and substantive?
answered on Aug 11, 2023
That is determined by the corporate formation documents and the operating agreement, which no one here can know. So you need to retain an experienced corporate attorney. With modern technology, you can be represented by any high-quality attorney in New Jersey irrespective of geography.
answered on Jul 3, 2023
Your question is not clear. To form a business in New Jersey you need to retain an experienced business formation attorney. The attorney will enable you to have the right corporate entity and the appropriate legal documents must be custom drafted. If you use some template-based service like Legal... View More
answered on Jun 22, 2023
First speak to your accountant as to the organic tax implications, the retain the services of a mukti state law firm who can best address these issues.
For Example, Currently:
Shareholder 1 owns 51% - President
Shareholder 2 owners 49% - Vice President
The New breakdown will be
Shareholder 1 owns 51% - President
Shareholder 2 owns 24.5% - Vice President
Shareholder 3 owns - 24.5% - Treasurer... View More
answered on Feb 20, 2023
The corporate record book should be updated and kept current showing shareholders' interest, number of share held, transfer information, purchases, and dates of such activity.
answered on Dec 21, 2022
Unless an attorney is licensed in both CA and NJ they cannot provide you with a meaningful answer.
answered on Nov 8, 2022
There is a lot that goes into asking and answering this question. The legal aspects are probably secondary to business planning. Before you need an attorney you need to have a clear idea, a business plan, sufficient funding, and the right personal environment to launch a business.
answered on Nov 6, 2022
New Jersey Uniform Limited Liability Company Act is the primary law that allows that. A Certificate of Formation must be filed by at least one person with authority to organize the LLC with the New Jersey Department of Revenue. The LLC is formed once the certificate is filed unless a deferred... View More
Is there a specific warehouse license I need and would a sitting area be allowable or considered a byob?
answered on Dec 6, 2021
Hi there.
In NJ, alcoholic beverages can only be stored in an area that is included in the licensed premises or in a
licensed public warehouse. In case of a temporary need to store alcoholic beverages elsewhere, a licensee
may apply to the Division of A.B.C. for a special... View More
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