The Revised Uniform Limited Liability Company Act (the “New Jersey Revised Uniform LLC Act”), was enacted into law on September 19, 2012 and went into effect on March 18, 2013. It applies to LLC’s formed on or after March 18, 2013 and LLC’s formed prior to March 18, 2013 which elected to be subject to the New Jersey Revised Uniform Act. It will apply to all New Jersey LLC’s beginning on April 1, 2014.
The first thing many consumers say when interested in purchasing a vehicle is “Show me the CarFax.” CarFax has certainly built quite a brand with many consumers insisting upon reviewing the CarFax report before purchasing a vehicle, but both consumers and dealers should not entirely rely upon the reports. CarFax likely intends to provide accurate information for the consumer and dealer, but unfortunately that does not always occur.
A Shareholder Agreement, sometimes referred to as a Buy-Sell Agreement, can be a helpful tool in the structuring and governance of a closely held corporation. Unlike publicly traded and large corporations, closely held corporations have only a few shareholders, which in some cases are friends or members of the same family. Although in an ideal world shareholders of a closely held business get along, especially when friends and family, it is important for the Shareholders to execute a Shareholder Agreement. The Shareholder Agreement can protect the individual interests of the shareholders, which may not always be aligned, and prevent an unnecessary dissolution of the Corporation over a shareholder dispute.
The bad news is that costs increased when taxes rose in January. Interest rates may also rise. The good news is that for savvy landlords, there are some proactive strategies to improve the bottom line now with the help of sound legal counsel. Following are Stark & Stark’s top 10 tips for landlords to consider:
A commercial lease is always more valuable with a guarantee. Having multiple parties to collect against minimizes risk and provides a level of protection for a commercial landlord. However, issues can arise on enforcement when a commercial landlord amends or modifies a lease.
Are you a minority, woman, veteran or service-disabled veteran starting or currently running a business in Pennsylvania? If so, your business may be eligible for classification as a Minority Business Enterprise (MBE), Women Business Enterprise (WBE), Veteran Business Enterprise (VBE), or Service-Disabled Veteran Business Enterprise (SDVBE).
The Fair Labor Standards Act (FLSA) establishes certain minimum standards for private sector, local, state and Federal government workers including a 40-hour work week, minimum wages, and overtime pay. Compliance with the FLSA is not only mandatory for employers, but necessary to protect their employees and their pockets.
Have you ever filed a pleading, motion or other legal document and had it sent back to you for a procedural error and you can’t quite figure out why? More often than not, it’s because you didn’t follow a local, state or federal rule of court when you made your filing.
Pennsylvania’s Act 129 of 2012 which went into effect in August amends the Pennsylvania Landlord and Tenant Act to give landlords guidance on dealing with personal property left behind by tenants who vacate a rental property.
“I have a judgment from the small claims court. Now what?”
One call that we receive quite often follows a lay person’s successful prosecution of a case in small claims Court – formally called either the Magisterial District Justice Courts or the Philadelphia Municipal Court. The caller will have organized all of the documents and witnesses, and made a convincing case before the Judge, and gotten a judgment against another person or business. Contrary to popular beliefs and expectations, the defendant isn’t required to write a check on the spot to satisfy the judgment.
