Business partnerships, closely held corporations, and LLCs can face costly disputes when ownership interests are poorly documented or left undefined. Legal doctrines exist to protect individuals who relied on promises of equity, even without formal stock certificates, making proper documentation essential to avoid creating "accidental" partners or members.

Can my lawyer represent me and my LLC? Simply put, no a lawyer cannot represent both the LLC and individual members in a shareholder dispute where there is a history of the lawyer representing the LLC...

We are continuing to monitor developments with the Corporate Transparency Act ("CTA"). Last month, we had advised that the Supreme Court had lifted injunctions of the CTA and had recommended complying.

There has been a significant legal development with respect to the Corporate Transparency Act ("CTA"). On October 28, 2024...

In New Jersey, negotiating a buyout of your member interest in a LLC, partnership, or closely-held corporation is an art. As such, you should insist on certain requirements if you will be receiving your money in installments.

Denis Serkin, partner in P&A's New York and New Jersey offices, joins the latest episode of the NASBP podcast "Let's Get Surety" to delve into the transformative impact of AI on the construction industry and construction law.

Nearshoring, a business strategy that involves companies shifting their supply chain, including manufacturing, production operations, and service centers, closer to their main markets...

This Alert will provide steps employers can take to prepare for increased Immigration and Customs Enforcement (ICE) audits and raids under the Trump Administration.

It is often the case that shareholder agreements, partnership agreements, or limited liability company operating agreements contain express provisions...

In New Jersey, legal disputes between co-members of a limited liability company or co-shareholders of a closely-held corporation are often resolved in the Chancery Division.

My wife is a therapist. As such, she often refers to her "wise-woman instincts" and how clients often ignore the red flags in their lives. Rather, they see these red flags as fuchsia.

On July 26, 2024, the National Labor Relations Board ("NLRB") issued its Fair Choice – Employee Voice Final Rule ("Final Rule"), which takes effect September 30, 2024.

On May 6, 2021, the Department of Labor (DOL) withdrew its Independent Contractor rule. The withdrawal follows a March 2021 notice of proposed rulemaking issued by the DOL citing several reasons why the...

In an earlier blog, we wrote about the Civilian Board of Contract Appeals' (CBCA) decision denying a contractor's claim for the costs of demobilizing from a construction site due to concerns...

Nathan A. Cohen, managing partner of P&A's Los Angeles office, authored "Identifying and Mitigating Risk in an Ever-Changing Construction Market" for the Engineering News-Record's Law & Risk Mitigation Today II issue.

The International Monetary Fund (IMF) has painted a pessimistic picture for the U.S. economy for the remainder of this year and into 2009.

I hear many horror stories about a shareholder or partnership dispute that went on for years before reaching a resolution. I always tell people that most disputes can (and should)...

Will the terms of my operating agreement control valuation of my member interest in any future dispute even where the members have failed to follow it in the past? In short, probably.

The U.S. Department of Labor has published a final rule implementing President Trump's Executive Order 14173, fundamentally transforming federal contractor compliance obligations. This regulatory change eliminates the sixty-year framework established under Executive Order 11246, ending race- and sex-based affirmative action requirements for federal contractors and subcontractors.

I've been in the unenviable situation of taking over a shareholder dispute where the client has been bogged down in litigation and has become frustrated with her counsel.