Category Archives: Business & Corporate

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Sports Authority Looks to be the Next Big Tenant Chapter 11 Bankruptcy Filing

Posted in Bankruptcy & Creditor's Rights, Business & Corporate

Sports Authority, Inc. (“Sports Authority”) appears to likely be the next big tenant Chapter 11 bankruptcy filing. Recent reports are indicating that the sporting and apparel chain is preparing to file for Chapter 11 bankruptcy protection, as debt payments are due in 10 days, according news reports from Bloomberg Business and other outlets. Of its 450 stores,Bloomberg reports… Continue Reading

Creative Tax Strategies for Businesses Seminar

Posted in Business & Corporate, Stark Events

Join Rachel Stark, Esq. and Dolores Kelley, Esq. of Stark & Stark and James Bartolomei, CPA and Nicholas Demetrios, CPA of HBK CPAs and Consultants as they present the FREE educational seminar Creative Tax Strategies for Businesses on November 19, 2015 from 8:30 – 10:00am. The event will be held at Greenacres Country Club (2170 Lawrenceville Rd, Lawrencville, NJ… Continue Reading

Attorney Max L. Schatzow Published in New Jersey Law Journal

Posted in Business & Corporate, Stark News

Stark & Stark Associate Max L. Schatzow, member of the Securities Group, authored the article The Startup Life Cycle: Initial Incorporation and Capitalization, which was published in the New Jersey Law Journal on September 1, 2015. The article explains and breaks down the process of creating a startup business, from beginning to end. This is… Continue Reading

Amendment to the New Jersey Uniform Commercial Code

Posted in Bankruptcy & Creditor's Rights, Business & Corporate, Collections, Stark News

The New Jersey Uniform Commercial Code (the “UCC”) was amended, effective May 11, 2015, imposing new requirements on the filing of a financing statement to perfect a security interest in collateral within the scope of Article 9 of the UCC. The amendment provides that in order to be sufficient, a financing statement must state that… Continue Reading

Free Educational Seminar: Keeping it in the Family

Posted in Business & Corporate, Divorce, Stark Events, Trusts & Estates

Stark & Stark’s Family Law, Business and Estate Planning attorneys will present the FREE educational seminar, Keeping it in the Family: Strategies for Protecting Business Interests and Inherited Assets During a Divorce, on Tuesday, July 14, 2015. The seminar will be held at Stark & Stark’s Lawrenceville, New Jersey office from 12:00-1:00pm. Failing to plan for a divorce can have costly… Continue Reading

New Jersey Appellate Division Decision Establishes Factors for Expelling Members of New Jersey Limited Liability Company

Posted in Business & Corporate, Shareholder Oppression

On March 17, 2015, the Appellate Division issued an important decision which provides guidance to New Jersey Trial Courts asked to judicially expel a member of a Limited Liability Company. IE Test, LLC v. Kenneth Carroll (App. Div. 2015) N.J.S.A. 42:2B-24(b)(3) permits the expulsion of a member of a New Jersey Limited Liability Company under… Continue Reading

Agents of Liability: Can the Acts of Another Bind a Business?

Posted in Business & Corporate, Litigation

Whether in time of economic growth or decline, all businesses must be mindful of potential liability. The nature and extent of liabilities has a direct effect on profits, which can hamper business growth and require cutbacks, among other things. Knowing where and how liabilities arise can prevent negative effects on profits, avoid litigation premised on… Continue Reading

New Jersey LLC Law Deadline Looms

Posted in Business & Corporate

I, along with my colleagues Rachel Lilienthal Stark and Henry E. Van Blunk, have authored a client alert regarding important changes to the law governing limited liabilities formed in New Jersey. While the law was actually passed in September of 2012, it did not affect existing limited liability companies until March 1, 2014. The law, known as the New Jersey Revised Uniform Limited Liability Company Act, or “RULLCA”, makes significant changes to many of the legal principles underlying the organization and operation of limited liability companies. Because RULLCA introduces several new “default” rules that will apply in the absence of a contrary provision in the operating agreement, your company’s governing documents should be carefully reviewed to determine the necessity or appropriateness of any amendments.