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If you are a shareholder in a company, it is important to know your rights. Otherwise, you could be taken advantage of and miss out on opportunities for more profit or benefit from your investment position. One of the key concepts you need to understand is shareholder oppression. What is Shareholder Oppression? When majority shareholders in a company take actions that prejudice the minority shareholders, this is considered oppression. This happens particularly often in closed

Under New Jersey law, a partnership can be formed in the absence of a written agreement. Without a written agreement, it is not always clear whether an individual is a partner of the business even when the individual holds himself out to be a partner and receives a share of the profits from the business. Pursuant to the New Jersey Uniform Partnership Act, a partnership is “an association of two or more persons to carry

Starting a family business is a time-honored tradition and a sense of pride for many families. However, it can also be a nightmare. Whether your business is the latest Asian-fusion restaurant or a construction company, hiring the services of a business law firm such as Spector & Ehrenworth, P.C., can help keep your family relationships intact and your business running smoothly. Here are seven pitfalls that a business lawyer can help you avoid if you

The grounds upon which a partnership may be dissolved are typically set forth in a written partnership agreement. A partner may file an application in the courts to dissolve the partnership if the grounds for dissolution, as set forth in the partnership agreement, have been met. In addition, the New Jersey Uniform Partnership Act permits any partner (even if there is no partnership agreement) to file an application in the courts to dissolve the partnership