Articles

Common Legal Mistakes Made by Small Businesses

Originally published in the February/March 2009 newsletter of NJEntrepreneur.com. By Louis Zambrio Small business owners often fall prey to legal pitfalls that could potentially expose the company or themselves to unforeseen liability, costing their business significant sums of money. The greatest legal mistake a small business owner can make is not hiring an experienced attorney…
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Term Sheets: A Brief Overview

Originally published in the November/December 2008 issue of NJEntrepreneur.com By Kurt Olender and Louis Zambrio The Term Sheet Process Rapidly growing companies typically have a limited ability to obtain working capital from banks and other traditional sources due to limited (or no) profitably and a predictably light balance sheet. Many companies must look to a…
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A Comparison of an “S” Corporation and a Limited Liability Company

Originally published in the Fall 2008 e-mail newsletter of NJEntrepreneur.com By Louis Zambrio When choosing a business entity to start a business there are many factors to consider when determining which entity is the best fit for your company and its goals. Some factors to consider are the ease of formation, taxation, need to raise…
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Oral Contracts

Originally published at NJEntrepreneur.com. By Louis Zambrio In this fast paced world of doing business, parties sometimes disregard the formalities of a written contract, and conduct business with a handshake, or oral contract. Generally, these oral contracts are enforceable, however, there are many pitfalls associated with entering into one. Some basic issues surrounding an oral…
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