At The Jayson Law Group LLC our Newark business attorneys focus on various types of business contracts and formations. Today we would like to discuss the difference between licensing a business and franchising a business.

Every successful business owner is faced with the decision to invest more capital and grow or stay small. There are inherent risks in growing, but licensing and franchising are two ways through which owners can grow their business while delegating much of the risks and costs to a third party, the licensee or franchisee.  Continue reading →

Previously, The Jayson Law Group LLC discussed the ability of shareholders of a corporation to call into the year meeting. In today’s post we will examine proxy voting. So, what is proxy voting? To help explain it, we are going to give you a situation:

Rachel and Steven are two of many shareholders in Widget Co, a corporation based in New Jersey.  Widget Co. holds its annual meeting every June.  During this year’s June meeting Widget Co. will be voting on a myriad of issues.  Steven will be unable to attend this year’s annual meeting.  Rachel will be attending.  Since Steven knew this, and Rachel and Steven have always agreed on issues pertaining to Widget Co., Steve told Rachel to vote his shares at this year’s annual Widget Co. meeting.

In this situation Rachel is serving as a proxy for Steven in voting his shares. Proxy voting gives the power of attorney to a shareholder to cast the vote of another legal vote holder. Proxy voting requires a signed statement authorizing one person to vote in the signer’s stead. It is used in stock businesses, where shareholders have a monetary interest.  Continue reading →

At The Jayson Law Group one of our practice areas in New Jersey business law is mergers & acquisitions. Here is a scenario to help explain the difference between an acquisition and a merger:

Company A makes pharmaceuticals, specifically topical creams and ointments to help with rashes and burns.  It is an established business, has a strong customer base, and a trusted name.  Company B makes sun block.  It is a newer business, and has slowly built up a customer base.  People are starting to know the company, but are not too familiar with it yet.  What the public does know is that Company B makes a quality sun block.  Continue reading →

Small businesses are close partnerships between individuals where conflicts, disagreements, and misunderstandings can occur between founding members, employer and employee or between co-workers. Continue reading →

Contracts are a necessity that pervades the business world. Contracts are legally binding agreements that businesses make with employees, commercial landlords, banks, insurance companies, and customers. Contracts are necessary in a variety of business aspects from loans to employment. In order for a contract to be valid, the contract must bind both parties to the specified agreement. Especially in business, if one party does not hold up its end of the deal, the other party has the legal right to collect damages. In this article our business lawyers of The Jayson Law Group LLC will examine the basic requirements of legally binding contracts. Continue reading →

At The Jayson Law Group LLC we want our readers to understand our passion about New Jersey business law and if we can pass on some helpful information in the process, even better. This article is designed to assist you start a business. Whether you need investors or you are starting the business with your own funds, a business plan is invaluable. The content of your business plan depends on the audience with whom you are addressing. Continue reading →