As a litigator, the first thing I do when a client provides me with a commercial, employment, or operating agreement is to check for any provision that identifies methods to resolve disputes.  Increasingly, such contracts require the litigation of business disputes through arbitration rather than a court of law.  If you encounter an arbitration provision, […]

Unlike a publicly held corporation, closely held corporations provide unique opportunities for majority shareholders to oppress minority shareholders. This is true because the controlling majority can often dictate how the corporation is to be run. Further, there is often not a fair market where the minority can sell their shares as they are not publicly-traded. […]

You have decided to leave a business partnership to start your own business. You and your business partner are parties to a noncompete agreement. That agreement prohibits the ability of one partner to compete against the business upon that partner’s exit from the partnership. Therefore, you want to know what you can and cannot do […]

You and a business partner have a great business plan. You enter into a verbal or written agreement as to how you both plan to conduct and operate your business. 50-50 right? At least that’s what you thought. Too often individuals starting a business relationship with a trusted partner or friend fail to engage attorneys […]

The Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”) requires that Paycheck Protection Program (“PPP”) loan borrowers make a good faith certification that “the uncertainty of current economic conditions makes necessary the loan request to support the ongoing operations of the eligible recipient.” The Interim Final Rule published on April 15, 2020 (85 […]

The COVID-19 pandemic has resulted in unprecedented governmental action, affecting every sector of society. Among this government action is Governor Murphy’s Executive Orders 104, 107 and 122, which mandates a “stay in place” regime, and permits only “essential” businesses to remain open. As the pandemic has progressed, the frequency and number of edicts can be […]

On April 1, 2020, Florio Perrucci Steinhardt Cappelli Tipton & Taylor LLC is sponsoring a webinar entitled How the Cares Act Can Help Your Business. The webinar is being presented by the Chamber of Commerce Southern New Jersey. It will take place at 2:00 – 3:00 pm. Florio Perrucci partners, Louis Cappelli, Jr. and Seth […]

The United States Senate has unanimously passed the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) and the House of Representatives is expected to approve it today, March 27, 2020.  President Trump has indicated that he intends to sign the CARES Act once it reaches his desk. Although the CARES Act contains numerous […]

With the unprecedented level of business closures over the last week throughout New Jersey, New York and Pennsylvania resulting from the spread of COVID-19, many companies are facing innumerable challenges in revenue cycles and supply chains. Because these rapid and –in some cases devastating—changes are occurring as a result of world events that are outside […]