New Jersey Partnership Law: Important Resources
Shareholder and Partnership Laws in New Jersey
When faced with economic uncertainty or a business that is about to take off, all too often partnership and shareholder disputes arise. If you are presently faced with uncertainty as to the protection of your equity and ownership interests, the best course of action is to get information and establish a solid plan to protect your interests. Below are articles and information that you should be aware of and hopefully provide you with better insight as to the options available to you.
Summary of New Jersey Shareholder and Partnership Law
The relationship between business partners is one that is created by law. That is, the rights that you possess in your business and the obligations that you owe to your partner are a function of both New Jersey statutory law (the "partnership laws") and the extensive case law comprised of legal decisions rendered by the New Jersey courts over many years. Partners possess specified legal obligations to one another respecting the day-to day maintenance of their business, the division of profits and the overall governance of business activities. In addition to these statutory rights and obligations, partners possess various "fiduciary" duties and obligations to one another.
When establishing a partnership or if faced with a partnership dispute, it is critical that you thoroughly understand and assess your legal rights. While it is critical to consult with an experienced attorney, it is also critical that you take proactive steps to better understand your legal rights and thoroughly assess the legal advice that you are given. Selecting the appropriate course of action is critical. Listed below are useful links to some of the relevant provisions to New Jersey's Partnership Laws and to helpful articles written by partnership lawyer Charles N. Internicola, Esq.
Learn More about your rights and options when faced with a dispute with your New Jersey Business Partners: Order a complimentary copy of Mr. Internicola's book, "The New Jersey Partnership Dispute Guide" by clicking here.
Links to New Jersey Partnership Laws
Article 1A - Uniform Partnership Act (1996)
Article 2A - Uniform Limited Partnership Law (1976)
Article 2B - New Jersey Limited Liability Company Act