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New Jersey Business Law Questions & Answers

1 Answer | Asked in Business Law and Tax Law for New Jersey on

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

H. Scott Aalsberg Esq. answered on Jul 17, 2018

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.

1 Answer | Asked in Contracts, Real Estate Law and Business Law for New Jersey on

Q: If the first of month falls on a Friday then grace period should be til the following Friday being Sat & Sun is weekend?

Leonard R. Boyer answered on Jun 27, 2018

You need to be far more specific about what you are talking about.

1 Answer | Asked in Banking, Business Law, Contracts and Employment Law for New Jersey on

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?

H. Scott Aalsberg Esq. answered on Jun 6, 2018

More information is needed to specifically answer your question, but your best bet is to ask your employer and get it in writing.

1 Answer | Asked in Business Law and Contracts for New Jersey on

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

Partners to exit the LLC on June 2 of 2018. I noticed an error in the wording of a key clause leaving it to misinterpretation and to my disadvantage .Can I cancel it by email so that we can sign a more clear agreement next business day ie June 4 of 2018?

Leonard R. Boyer answered on Jun 3, 2018

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... Read more »

1 Answer | Asked in Business Law, Contracts, Landlord - Tenant and Real Estate Law for New Jersey on

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

I currently own a LLC in NJ. I signed up for a 5 year lease, I'm almost at the 3 year mark, however the business is doing very bad and I'm running out of funds. I registered the LLC as a single member, my landlord did not request a personal guarantee with my lease, and the tenants name in the lease... Read more »

H. Scott Aalsberg Esq. answered on Jun 1, 2018

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.

1 Answer | Asked in Business Law for New Jersey on

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

property owner I'm leasing from on the hook?

Leonard R. Boyer answered on May 30, 2018

That would depend on your lease, which would have to be reviewed by an attorney.

1 Answer | Asked in Employment Law, Antitrust, Banking and Business Law for New Jersey on

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

Leonard R. Boyer answered on May 19, 2018

How could that possibly be against the law?

2 Answers | Asked in Business Law and Business Formation for New Jersey on

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

H. Scott Aalsberg Esq. answered on May 11, 2018

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.

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1 Answer | Asked in Construction Law, Contracts, Business Formation and Business Law for New Jersey on

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

The agreement stipulated that the company would pay my back taxes of about $20000 in the first 6 months of operation at which time I would be listed as an owner.

I solely run the daily operations of this company,all clients were brought with me into this agreement.. In return for investing,... Read more »

Leonard R. Boyer answered on Apr 29, 2018

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... Read more »

2 Answers | Asked in Consumer Law, Criminal Law and Business Law for New Jersey on

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?

Worst answer ever. Totally useless. Did I do something to be awarded with such a dismissive answer?

Aren’t you going to try to redeem yourself?

H. Scott Aalsberg Esq. answered on Apr 26, 2018

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.

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2 Answers | Asked in Business Formation and Business Law for New Jersey on

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

Leonard R. Boyer answered on Apr 21, 2018

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... Read more »

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1 Answer | Asked in Internet Law and Business Law for New Jersey on

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

H. Scott Aalsberg Esq. answered on Apr 11, 2018

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.

3 Answers | Asked in Business Law and Business Formation for New Jersey on

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

Leonard R. Boyer answered on Apr 10, 2018

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... Read more »

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1 Answer | Asked in Business Law, Contracts and Consumer Law for New Jersey on

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

I was on the phone with car insurance when they had my girlfriend sign papers that I was unaware of. I asked for a copy of the papers and they told me they would email the papers to me. When I received the paperwork, my name was crossed out as owner and my girlfriends name was written in. On the... Read more »

Paul J. Riviere answered on Apr 6, 2018

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.

1 Answer | Asked in Business Law for New Jersey on

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

The Nominating Committee will come up with final list of candidates of the board for the next year, and if necessary, conduct elections.

H. Scott Aalsberg Esq. answered on Apr 4, 2018

It would depend on many factors including the business by laws if any.

1 Answer | Asked in Business Law and Contracts for New Jersey on

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

Or it has to be signed only by the legal representative of the corporate?

H. Scott Aalsberg Esq. answered on Mar 21, 2018

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... Read more »

1 Answer | Asked in Bankruptcy, Tax Law and Business Law for New Jersey on

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?

I gave money to a car dealership in 2016. since then, the state imposed a levy on the business for back taxes (incurred 2005). The business has cash that is due me (from car sales). But accounts are locked up by lean/levy. will the accounts get released (so i can get my cash) if he files for... Read more »

Michael David Siegel answered on Feb 23, 2018

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.

1 Answer | Asked in Contracts and Business Law for New Jersey on

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

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Leonard R. Boyer answered on Feb 19, 2018

It is possible, but there is an insufficient factual basis on which to make that determination.

1 Answer | Asked in Business Law for New Jersey on

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

H. Scott Aalsberg Esq. answered on Feb 19, 2018

You need to ask your medical board this question.

1 Answer | Asked in Business Law for New Jersey on

Q: What kind of tax returns does a small business have to file?

Leonard R. Boyer answered on Feb 15, 2018

That will depend on the corporate structure.

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