We pride ourselves on making your business, our business.
Our team at Singley, Gindele & Rinaldi has the knowledge and experience to help you navigate all of your business’ transitional legal needs.
Whether you’re seeking legal counsel and assistance in the formation, merger, acquisition or sale of your business, or if you are involved in a business dispute, we are here to extend our professional services and support.
Our Areas of New Jersey Business Legal Services:
Business Formation, Sales, Acquisitions & Mergers
Contract Dispute Resolution
General Business Counseling
Transactional and Licensing Issues
New Jersey Business Law Frequently Asked Questions:
What does it mean to incorporate a business?
When a business is incorporated, it becomes its own legal entity formally recognized by the state of incorporation as separate from its owners. The most appealing part of incorporating a business is doing so separates and protects the owners private assets from liability.
What is a sole proprietorship?
A sole proprietorship is the default form of business ownership if a business owner(s) doesn’t take any action to form a separate legal business entity. In a sole proprietorship, the owner is personally responsible for the business’s debts and they do not qualify for any tax breaks.
What is a Limited Liability Company (LLC)?
An LLC is a business entity that essentially combines a corporation and a partnership. Two main benefits of an LLC is that it offers limited personal liability to its owners for business debts and pass-through taxation (the business reports its income on the individual income tax returns of the owners and is taxed at individual income tax rates.)
Should my New Jersey LLC have an operating agreement?
While an operating agreement is not required for a New Jersey LLC, the attorneys at Singley, Gindele & Rinaldi highly recommend having an operating agreement in place. For one thing, without an operating agreement, all profits and losses will automatically be equally distributed to all members (the term used for LLC owners) regardless of individual capital contributions. But with a written operating agreement, members can agree to avoid equal distribution.