One of the first steps a new business owner in New Jersey must take before the business can start running is to choose a business entity. Some of these entities are sole proprietorships, partnerships, limited liability companies and corporations. There are advantages and disadvantages to each of these business entities.
Many people in New Jersey hear the terms "merger" and "acquisition" but may not know exactly how these two business transactions differ from one another. Therefore, it is useful to understand the legal definitions of "merger" and "acquisition" to better understand how two businesses can join together to increase their value.