What Does It Mean to be a Closely Held Company in New Jersey? | Franchise Law Blog

What Does It Mean to be a Closely Held Company in New Jersey?

Frequently the question of "what is a closely held company" comes up. This is especially the case when a person is involved in a dispute with his or her business partners. 

A New Jersey closely held company is a company that is run by a few shareholders where:

If you are involved in a partnership dispute and your company is "closely held‚" it is important to understand that the courts will recognize the "close" relationship between you and your company and the fact that the earnings of the company are required to supprt your livelihood. This is especially important if you are a minority or non-controlling shareholder. 

Watch the video below for more information about New Jersey Closely Held Companies and order a complimentary copy of his book "New York and New Jersey Partnership Dispute Guide" by clicking here

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Date: 06/25/2013 | Category: Partnership Disputes

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