The development of new businesses is a cornerstone of the American economy. Entrepreneurs find few things as thrilling as watching their ventures succeed and grow, which allows them to reward early investors and managers.
And New Jersey is fostering new businesses quite successfully, according to a recent study. The researchers measured the creation of small businesses based on the number of new business phone lines added from 2008 to 2012. New Jersey ranked in the top five, along with Arizona, California, Nevada and Washington.
While most corporations and partnerships are formed with the best of intentions by the investors and entrepreneurs, changes along the way can create conflict and litigation. Examples of such changes in the business relationship include:
In any of these scenarios, effective legal representation is essential to negotiate a satisfactory resolution. No one benefits when a shareholder or partnership dispute sinks the organization. To pursue remedies that are constructive rather than destructive, speak to a business law attorney.