“What’s in a name? That which we call a rose by any other name would smell as sweet”. (William Shakespeare, Romeo and Juliet, Act III, Scene II) True enough, if you are Juliet speaking to Romeo, but for business owners, when it comes to names, precision and consistency are important for building a brand and […]
Will New Jersey “Ban the Box?”
The “box” in question is the one on an employment application asking whether the applicant has a criminal history. If current trends are any indication, New Jersey may soon join the ranks of state and local governments that have enacted laws limiting the ability of an employer to inquire about an applicant’s criminal history. Currently, […]
New and Improved
May was a busy month for Praxis Legal Solutions, and I’m using this issue of the monthly newsletter to talk about two new developments: A website re-design and payment by credit card. The new website is up and running, with a design that is crisp and clean; a reflection of the emphasis that I place […]
How Much for That Business?
Assessing the value of a business is key to a successful transaction. There is no glory in overpaying; just ask HP, the not-so-happy buyer of Autonomy, a British software company. Especially for smaller businesses, a multiple of adjusted earnings is the most commonly used method to arrive at a purchase price. Think of adjusted earnings […]
Over-billing. Client, Beware.
Every so often, we see press reports of over-billing by lawyers and law firms. Most of these stories involve large firms, as does the latest story, about DLA Piper, the world’s largest law firm, with 4,200 attorneys in offices all over the world. Unfortunately, over-billing is not confined to large firms; it’s a temptation for […]
Limited Liability Companies New and Improved
The New Jersey Revised Uniform Limited Liability Company Act ( the “New Act”) will take effect on March 18, 2013 and will apply to all limited liability companies formed after that date. For limited liability companies formed prior to March 18, 2013, the effective date of the New Act is April 1, 2014. Limited liability […]
A Really Good Break
More than 90 years ago, Congress created a tax break designed to help family farmers acquire livestock and land. Today, 1031 like kind exchanges are used by companies of all types and sizes to defer the tax on capital gains from a sale of assets. The 1031 exchange derives its name from the section of […]
Merry Christmas and Happy New Year
However you celebrate, whatever your traditions, I wish you all the best of this holiday season; days that are merry and bright, full of joy and graced with the presence of family and friends.
What We Have Here is a Failure to Communication
Other than the widespread and tragic destruction and dislocation caused by Hurricane Sandy and the follow-on snowstorm, what struck me most about the aftermath of the storm was the large scale disruption of the communications infrastructure in the areas most affected by the storm, and the resulting adverse impact on communications among family, friends, customers […]
Moving to the Cloud? Think Before You Move.
More and more businesses are taking advantage of the cost and efficiency benefits of cloud computing. If a move to cloud computing is on your horizon, you should be aware of some of the legal implications of such a move. The “cloud” refers to an infrastructure owned and maintained by a third party for the […]
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