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Scarinci Hollenbeck remains committed not only to providing top-tier legal services but also to regularly providing information and resources to our client base and internet following. Client Alerts provided by our attorneys supply businesses, municipalities, and more with the latest and relevant legal updates that may impact them and how they might be able to proceed.
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What New York LLC Owners Can Learn from Long-Standing Feud post image

What New York LLC Owners Can Learn from Long-Standing Feud

A nearly four-decade feud between the former co-owners of two New York limited liability companies (LLCs) serves as a cautionary tale for all owners of closely held businesses. The latest decision in Rosenblum v. Rosenblum, Index No. 654177/2015 (Sup.Ct., NY. County, 2024)citing Rosenblum v. Rosenblum, 214 AD3d 440 (N.Y.A.D., 1st Dep’t 2023), involved a fair […]

Author: Christopher D. Warren

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How to Change Your Business Name in NJ post image

How to Change Your Business Name in NJ

As any new bride can attest, changing your name is a lot harder than you might expect. The same is true for New Jersey businesses… As any new bride can attest, changing your name is a lot harder than you might expect. The same is true for New Jersey businesses. In addition to the legal […]

Author: Jorge R. de Armas

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Two Municipal Approvals Upheld By SH-LAW Attorney in Elizabeth, NJ post image

Two Municipal Approvals Upheld By SH-LAW Attorney in Elizabeth, NJ

Congratulations to Scarinci Hollenbeck partner Patrick J. McNamara, counsel for the Elizabeth Planning Board, who played an integral role in successfully upholding two municipal approvals allowing construction of two apartment complexes in Elizabeth, New Jersey (“the City”). The site plan approvals granted to entities Engel Investments, LLC and Engel Gardens, LLC, were challenged on the […]

Author: Scarinci Hollenbeck, LLC

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Significant Changes in Federal Tax Law Affecting Partnerships and LLC’s post image

Significant Changes in Federal Tax Law Affecting Partnerships and LLC’s

Could These Changes in Federal Tax Law Affect Your Partnership or LLC? The Bipartisan Budget Act changed the procedures for auditing tax returns filed by partnerships. The TEFRA partnership audit procedures which were adopted in 1982 and the electing large partnership rules are repealed effective for returns filed for partnership tax years beginning after 2017.These […]

Author: Frank L. Brunetti

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Is Selecting an S Corporation Business the Best Option? post image

Is Selecting an S Corporation Business the Best Option?

Changing to an S Corporation Business or selecting an “S-Corp” is becoming popular for small business owners. In recent years, changes in tax laws have affected the way small businesses elect to be taxed. Businesses typically form corporations when transitioning from a sole proprietorship to a larger entity with multiple owners or employees. However, now businesses are more […]

Author: James F. McDonough

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Sole-Owner LLCs: Are you really protected? post image

Sole-Owner LLCs: Are you really protected?

Many limited liability companies (“LLCs”) are created in an effort to decrease personal liability. However, if you are a sole owner of an LLC, it is important to do more than just create the LLC. There are many actions that must be taken after filing the organizational document, be it a Certificate of Formation or […]

Author: Robert A. Marsico

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Does NJ’s New LLC Law Impact Your Business? post image

Does NJ’s New LLC Law Impact Your Business?

New Jersey’s Revised Uniform Limited Liability Company Act (the “Revised Act”) became effective on March 1, 2014. The Revised Act was effective as of March 18, 2013 for newly formed LLCs and now applies to all New Jersey LLCs regardless of when formed. The changes in the law are significant enough to warrant managers and members […]

Author: Kenneth C. Oh

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Does Your Small Business LLC Have an Operating Agreement? post image

Does Your Small Business LLC Have an Operating Agreement?

New York, like many states, requires all limited liability companies to have an operating agreement, regardless of size. In New Jersey, they are not required, but they are certainly a good idea. An operating agreement is essential to the smooth operation of an LLC because it governs the company’s financial and business decisions. For the […]

Author: Scarinci Hollenbeck, LLC

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New LLC Rules Take Effect in New Jersey post image

New LLC Rules Take Effect in New Jersey

For many New Jersey business owners, the limited liability company framework offers a number of advantages. Most notably, it limits personal liability for business debts and court judgments against the business and shields an owner’s personal assets. Under new rules that took effect on March 18, LLCs may now be even more attractive to New […]

Author: Scarinci Hollenbeck, LLC

Link to post with title - "New LLC Rules Take Effect in New Jersey"

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