Equity is more than just a buzzword in the business world—it’s a cornerstone of ownership and control. For women business owners, understanding how equity works is crucial not only for managing your current business but also for planning its future. Whether you’re just starting out, considering bringing on investors, or planning to expand, knowing the […]

Florio Perrucci Steinhardt Cappelli & Tipton is proud to announce that Sarah Powell has been promoted to Co-Chair of the firm’s Corporate & Business, Commercial Real Estate, and Cannabis Practice Groups. “As Chair of the firm’s corporate, commercial real estate, and cannabis practice groups, I have relied on Sarah as a trusted colleague for several […]

An employee handbook serves as a comprehensive guide that outlines expectations, rights, and responsibilities for both small business employers and its employees. An employee handbook provides clarity and consistency in employment practices. Small businesses often lack the resources and infrastructure of larger corporations, making it essential to have standardized policies and procedures in place. An […]

While engaging in business transactions and relationships, small business owners often find themselves exposed to various risks and liabilities. Indemnification provisions serve as a crucial safeguard against these uncertainties, offering a shield of protection that can make all the difference between success and financial ruin. In short, indemnification provisions shift potential liability from one party […]

In the bustling realm of small business operations, where every decision can significantly impact the trajectory of growth and sustainability, the importance of effective contracts cannot be overstated. Contracts serve as the foundation upon which business relationships are built, transactions are conducted, and disputes are resolved. They are the invisible guardians that safeguard a company’s […]

We recently issued a Client Alert – The Corporate Transparency Act – Federal Reporting Required of Your Business in 2024. Since then, there has been a major development regarding the Corporate Transparency Act (“CTA”). On March 1, 2024, a U.S. District Judge in Alabama declared the CTA unconstitutional, holding that it is not an exercise […]

When operating a small business, the Board of Trustees serves as an essential component by guiding the organization toward success and sustainability. One cornerstone of effective governance lies in conducting Board of Trustees meetings in strict accordance with the established bylaws. In New Jersey, the bylaws are the blueprint for the governance structure of a […]

Amid the excitement of launching and operating a small business in New Jersey, it is essential to recognize the legal requirements to ensure the smooth operation and governance of such small business to avoid legal pitfalls. The Bylaws and Articles of Incorporation stand as the cornerstones upon which a small business builds its legal framework, […]

As of January 1, 2024, almost every company in the United States has new, mandatory federal reporting requirements pursuant to the Corporate Transparency Act of 2021 (the “CTA” or the “Law”). The Law’s effective date follows a long period of speculation and confusion about the Law and the practical effects of its implementation for businesses […]

For small businesses in New Jersey, adaptability is the key to long-term success. As your small business grows, you may find yourself considering changes in your business structure. When changing your business structure, small business owners must be aware of the nuanced legal process in New Jersey. Small businesses often start with simpler structures, like […]