The Challenges of Professionalism -- 2024 and Beyond
10.22.2024
Featured Insights
10.15.2024
Speaking Engagements & Seminars
Navigating Ownership Disputes and Litigation
Michael S. Horn and Rafael A. Llano will be presenters at the 2024 National Association of Dealer Counsel (NADC). Owners, partnerships, shareholders and LLC members in the automotive dealership industry run significant risks if there are disputes between the owners of a dealership. For instance, manufacturers and lenders may view such a lawsuit as a default or reason for termination. In their session, "Navigating Ownership Disputes and Litigation," Michael and Rafael will address practical considerations in the resolution of disputes and potential collateral consequences. Topics to be covered include:
10.04.2024
In the News
Bill Would let People Bar Themselves from Entering Cannabis Shops
In the New Jersey Monitor article, "Bill Would let People Bar Themselves from Entering Cannabis Shops," partner Bill Caruso, Chair of Archer’s Cannabis Group, commented on a newly proposed bill in the Legislature that would allow people to volunteer to be on a list barring them from entering dispensaries or buying cannabis products . The measure is similar to a state program that launched in 2001 allowing people to self-exclude from entering casinos to address gambling addictions.
10.04.2024
Client Advisories
Forming a Business Entity: New Jersey, New York, Pennsylvania or Texas vs. Delaware
Clients often ask whether they should form their business entity in Delaware. Delaware is an ideal jurisdiction for public companies and private companies with venture capital and private equity investors. However, Delaware may not be ideal for a local business operating in New Jersey, New York, Pennsylvania, or Texas. For example, if a business is formed in Delaware, but will be operated in another state, the business will have to file papers and pay initial and likely annual fees in two states. For many clients, forming a business in New Jersey, New York, Pennsylvania or Texas is perfectly acceptable. This paper describes some of the advantages and disadvantages of forming a business entity in Delaware, and then outlines the initial and annual costs involved in forming a corporation or limited liability company in New Jersey, New York, Pennsylvania, Texas, and Delaware.There are some advantages of being a Delaware company, but they are probably not important to most small businesses operating in New Jersey, New York, Pennsylvania, or Texas. The advantages are: