New Jersey Business Law Questions & Answers

Q: My business didn't make a profit last year. Do I still have to pay taxes?

1 Answer | Asked in Business Law for New Jersey on
Answered on Jul 17, 2018
H. Scott Aalsberg Esq.'s answer
That is a question you have to ask your accountant after he/she sees and reviews your books, but even business that don't make money pay taxes in many cases.
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Q: If the first of month falls on a Friday then grace period should be til the following Friday being Sat & Sun is weekend?

1 Answer | Asked in Contracts, Real Estate Law and Business Law for New Jersey on
Answered on Jun 27, 2018
Leonard R. Boyer's answer
You need to be far more specific about what you are talking about.
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Q: Hi. I work for a bank, and have to pre-clear with them if I want to buy stocks. Do I have to pre-clear for ETFs as well?

1 Answer | Asked in Banking, Business Law, Contracts and Employment Law for New Jersey on
Answered on Jun 6, 2018
H. Scott Aalsberg Esq.'s answer
More information is needed to specifically answer your question, but your best bet is to ask your employer and get it in writing.

Q: I am an 1/3 rdowner of professional LLC . I signed a 3 year buyout with the other two remaining

1 Answer | Asked in Business Law and Contracts for New Jersey on
Answered on Jun 3, 2018
Leonard R. Boyer's answer
You need to have an in person consultation with an experienced business litigation attorney. Contracts can never be cancelled by e-mail in NJ and probably not even in in CA. Pick the best attorney you can find and remember one rule: a good attorney is generally never cheap, and a cheap attorney is generally never good so don't choose based on price.

Q: Would my landlord make me personally responsible for breaking a commercial lease under an LLC?

1 Answer | Asked in Business Law, Contracts, Landlord - Tenant and Real Estate Law for New Jersey on
Answered on Jun 1, 2018
H. Scott Aalsberg Esq.'s answer
It would be unwise for a lawyer to give you an opinion on a document without reading the whole document. I suggest you take your document to a lawyer to be reviewed for the answer you need.

Q: If my place of business doesn't have a wheelchair ramp, am I as the business owner required to build one? Or is the

1 Answer | Asked in Business Law for New Jersey on
Answered on May 30, 2018
Leonard R. Boyer's answer
That would depend on your lease, which would have to be reviewed by an attorney.

Q: I was just curious if it is illegal to let someone look at your check and compare it to theirs

2 Answers | Asked in Employment Law, Antitrust, Banking and Business Law for New Jersey on
Answered on May 19, 2018
Salim U. Shaikh's answer
If checks are lying openly for individual collection and looking at by others cannot be termed as illegal unless there are certain limitations imposed by the employer to keep it confidential from others. Employer's liability would likewise be engaged if they failed to safeguard confidentiality which otherwise breached by others deliberately or by chance.

Q: Do I need to hire an attorney to draft my new business's articles of formation or can I do it myself?

2 Answers | Asked in Business Law for New Jersey on
Answered on May 11, 2018
H. Scott Aalsberg Esq.'s answer
Yes, you should hire a lawyer to make sure that they appropriate for you type of business otherwise you may have a problem in the future.

Q: My brother & I formed a site construction co. 3 yrs. ago, It was agreed that my name would not be listed as an owner

2 Answers | Asked in Construction Law, Contracts, Business Formation and Business Law for New Jersey on
Answered on Apr 29, 2018
Leonard R. Boyer's answer
You need to retain an experienced litigation attorney who has experience in handling these types of cases. To properly answer your questions and address your concerns, the best way to handle this is by retaining an experienced litigation attorney. You need the best attorney you can afford, do not let geographic considerations be a factor in your choice of an attorney. Pick the best lawyer you can find and remember one rule: a good lawyer is generally never cheap, and a cheap lawyer is...

Q: NJ: is it fraudulent for an employee of a non-profit org. to use the resources of the org.to operate for -profit biz?

2 Answers | Asked in Consumer Law, Criminal Law and Business Law for New Jersey on
Answered on Apr 26, 2018
H. Scott Aalsberg Esq.'s answer
The answer is maybe a lawyer would need to know all the facts before giving an opinion and they will probably charge you for that.

Q: What are the state & federal rules & regulations for a residential cleaning business in NJ?

2 Answers | Asked in Business Formation and Business Law for New Jersey on
Answered on Apr 21, 2018
Leonard R. Boyer's answer
No one on this forum, is going to do the research for free to answer your question. This will require a paid legal consultation with an experienced business attorney. Pick the best lawyer you can find and remember one rule: a good lawyer is generally never cheap, and a cheap lawyer is generally never good so don't choose based on price.

Q: If I were to promote a website in return for a payment that is doing something illegal would I be held accountable?

1 Answer | Asked in Internet Law and Business Law for New Jersey on
Answered on Apr 11, 2018
H. Scott Aalsberg Esq.'s answer
Maybe, more information would be needed, but the safe rule is to always say no see backpage. Anything else more information would be needed and expect to pay for the advise for specific information.

Q: Once you decide to start a business how long do you have to retain a business license in the state of New Jersery?

3 Answers | Asked in Business Law for New Jersey on
Answered on Apr 10, 2018
Leonard R. Boyer's answer
As long as you want to operate the business. You really need to have an in person consultation to set up the right corporate structure, have the proper protection for any intellectual property that you may have, as well as have contracts properly drafted to avoid unnecessary problems and potential for liability. Do not let geographic restrictions get in the way of retaining the best attorney. Pick the best attorney you can find and remember one rule: a good attorney is generally never cheap,...

Q: I feel a small used car company intentionally made changes to a contract without my knowing. I want to know if its Legal

1 Answer | Asked in Business Law and Contracts for New Jersey on
Answered on Apr 6, 2018
Paul J. Riviere's answer
Put simply, if someone signs a contract without the party’s consent, the party is not bound by that signature or document because the signature does not manifest the intent to be bound by it. Talk a lawyer about your transaction.

Q: Is an elected Nominating Committee Member, of a social and cultural organization, be called an Office-Bearer

1 Answer | Asked in Business Law for New Jersey on
Answered on Apr 4, 2018
H. Scott Aalsberg Esq.'s answer
It would depend on many factors including the business by laws if any.

Q: Hello, i would like to know if a commodity can be signed by one of the shareholders of a company or

1 Answer | Asked in Business Law and Contracts for New Jersey on
Answered on Mar 21, 2018
H. Scott Aalsberg Esq.'s answer
More information is needed to answer your question such as the corporate structure etc. However, I suggest you setup a consultation with a lawyer if you need specific legal advise as these websites are for general questions, not for specific answers, it may cost a fee for the consultation, but at least you will know you can rely on the advise.

Q: In a Bankruptcy, are money's held by a business owed to an investor paid 1st or 2nd to levies for back taxes to NJ?

1 Answer | Asked in Bankruptcy, Tax Law and Business Law for New Jersey on
Answered on Feb 23, 2018
Michael David Siegel's answer
Unless you have a lien on the cars that are sold, called a floor plan financing, you are behind the taxes and the taxes will be paid as a priority claim.

Q: Can Plaintiff enforce a Non-Solicitation contract , if one of their customers change their name or get's acquired?

1 Answer | Asked in Contracts and Business Law for New Jersey on
Answered on Feb 19, 2018
Leonard R. Boyer's answer
It is possible, but there is an insufficient factual basis on which to make that determination.

Q: I am licensed in NJ. Can I practice telepsychiatry in another country while seeing pts from NJ?

1 Answer | Asked in Business Law for New Jersey on
Answered on Feb 19, 2018
H. Scott Aalsberg Esq.'s answer
You need to ask your medical board this question.

Q: Hello, I'm new to this forum and first time asking a question. This is more of an accountant type question.

1 Answer | Asked in Tax Law, Banking and Business Law for New Jersey on
Answered on Feb 16, 2018
Linda Simmons Campbell's answer
This is a difficult question to answer without a lot more detail. But in general, you would need to list the check as an asset on your financial statement. If you spend the funds on necessary living expenses prior to setting up a payment alternative it might not be an issue. Filing a fraudulent financial statement is a crime. I would not post anything further on this in this forum. In my opinion you need the assistance of a tax attorney. Just stay away from the places you see advertised...

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