If you think misclassifying your workers is just a rounding error, New Jersey’s balance sheet proves you wrong. The New Jersey Labor Commissioner recently reported that New Jersey has collected about $84 million in back wages and penalties since 2018 for violations like wage theft and misclassification. New Jersey also wields powerful enforcement tools. Nearly 200 stop‑work orders have…
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A Business Owner’s Guide to Representations and Warranties
When selling your company, one of the most important sections of the purchase agreement is the representations and warranties. These are the statements and promises you make to a buyer about your business—its assets, operations, contracts, finances, and liabilities—at the time of sale. They give the buyer confidence that what they’re buying is exactly what…
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Preparing Your Business for Sale: Lessons from Staging a Home
When preparing a home for sale, owners don’t simply hang a sign on the lawn. They ensure the foundation is solid, the interior inviting, and the curb appeal attractive. Preparing a business for sale—whether to a strategic buyer, private equity group, or individual investor—requires the same intentionality and discipline. A well-prepared business reduces buyer concerns,…
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Why Every Employer Needs Employment Practices Liability Insurance (EPLI)
One question we hear frequently from our corporate clients is: “Do we really need Employment Practices Liability Insurance?” The answer is yes – EPLI is no longer optional. It’s an insurance necessity. What is EPLI? Employment Practices Liability Insurance (EPLI) is a type of insurance separate and apart from comprehensive general liability insurance and is…
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