Welcome to The Jayson Law Group LLC’s final post on the Revised Uniformed Limited Liability Company Act’s (“RULLCA”) derivative action rules.  In Part 1 we discussed what a derivative action is and how a derivative action can be brought.  In Part 2 we discussed the proper plaintiff and what the proper plaintiff must allege in the complaint.  In Part 3 we began our discussion of Special Litigation Committees and how they are created.  In Part 4 we will discuss what the Special Litigation Committee does and what happens to the benefits and proceeds from a successful derivative action.  Continue reading →

In Part 1 of The Jayson Law Group LLC’s series on the Revised Uniform Limited Liability Company Act (“RULLCA) we discussed what a derivative action is and how a derivative action can be brought.  In Part 2 of this series The Jayson Law Group LLC discussed the proper plaintiff and what the proper plaintiff must allege in the complaint.  In Part 3 we will discuss the Special Litigation Committee and how they are created.  Continue reading →

Welcome to Part 2 of The Jayson Law Group LLC’s discussion of the Revised Uniform Limited Liability Company Act’s (“RULLCA”) derivative action laws.  In Part 1 of this series we gave a scenario of a member of Widget LLC having an issue with how management of Widget LLC was handling a particular situation with Doodad LLC.  We discussed what a derivative action is, and the requirements for that member to bring a derivative action.

In today’s post we are going to discuss who the proper plaintiff is in order to bring a derivative action.  We will also discuss what must be included in a pleading for a derivative action in New Jersey.  Continue reading →

The Jayson Law Group LLC discussed in a previous post that New Jersey adopted the Revised Uniform Limited Liability Company Act.  We also had a three part series on the new derivative suit law regarding corporations (Part 1, Part 2, and Part 3).  In today’s blog post The Jayson Law Group LLC is going to discuss the Revised Uniform Limited Liability Company Act’s derivative action provisions.  To do that we are going to examine 42:2C-68 through 42:2C-27 of the Revised Uniform Limited Liability Company Act.  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 →

The Jayson Law Group LLC previously published an article about the differences between general corporations and LLCs.  We elected not to discuss S Corporations at the time, due to their complexity. In this two-part article our business attorneys attempts to simplify S Corporations and boil them down to the basics. At The Jayson Law Group LLC, we want businesses and those looking to start a business to be informed. Continue reading →