Business Law Corner. A Legal Blog.

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What Business Owners Get Wrong About Partnership Disputes Partnership disputes are high-stakes and emotionally charged — which is exactly when mistakes get made. Here are the issues business owners most often mishandle....

What Business Owners Get Wrong About Partnership Disputes

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Material Breach Explained: When a Contract Problem Becomes a Lawsuit Not every contract problem is a material breach — and the distinction matters. Learn what triggers escalation from a contract dispute to a lawsuit in NJ and NY....

Material Breach Explained: When a Contract Problem Becomes a Lawsuit

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What Is a Buy-Sell Agreement and Why Does Every Business With Multiple Owners Need One? A buy-sell agreement controls what happens to an owner's business interest when they die, become disabled, or want out. It is one of the most important documents a closely held business can have....

What Is a Buy-Sell Agreement and Why Does Every Business With Multiple Owners Need One?

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My Business Partner Took Me off the Bank Account — What Should I Do? Discovering that your business partner removed your bank account access is a serious warning sign. Learn what it may mean legally and how business owners in NJ and NY typically respond....

My Business Partner Took Me off the Bank Account — What Should I Do?

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My Partner Runs the Day-to-Day — Do I Need to Be an Authorized User on the Business Bank Account? If your business partner handles operations, you may still have a legal interest in monitoring business finances. Learn what authorized user status means and why it matters....

[businesslawcorner]

Most restaurant buyers forget about cash on hand after closing. Or the manager with no non-compete. Or the landlord who uses the sale as leverage. Check out the new Business Law Corner post: Buying a Restaurant in New Jersey: What to Know Before You Sign. #NewJersey #BusinessLaw #RestaurantBusiness #BuyingABusiness #NJBusiness #BusinessLawyer #MergersAndAcquisitions #DueDiligence #SmallBusiness

Buying a Restaurant in New Jersey — What You Need to Know Before You Sign

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A Super Lawyer for five consecutive years. Nine total. 🏆 A proud Italian New Yorker who somehow ended up in the top 5% of attorneys in New York. I can see my dad (a barely literate longshoreman who didn't speak English until he was 8) )smiling down from heaven. 🙏 #Auguri Humbled doesn't begin to cover it. Thank you to every client and colleague who made this possible — this one's for you. https://profiles.superlawyers.com/new-york/new-york/lawyer/louis-russo/8fce0e6f-077b-4a49-8eb9-200c011d9bab.html #SuperLawyers #SuperLawyers2026 #RussoLawLLC #BusinessLawyer #NewYorkBusinessLawyer #NewJerseyBusinessLawyer #OutsideGeneralCounsel #CommercialLitigation #BreachOfContract #BusinessDivorce #BuyingABusiness #SellingABusiness #Contracts #MergersAndAcquisitions #Arbitration #mediation #SmallBusinessLaw

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Many New York LLCs will soon face new beneficial ownership reporting obligations — even if they’ve never had to file ownership disclosures before. The NY LLC Transparency Act takes effect in 2026, and preparation now can help avoid costly penalties later. 📖 Our latest post explains what’s coming and how to prepare #NYLLC #BusinessOwners #LegalUpdate #CorporateLaw #RussoLaw #BusinessLawyer #Compliance

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Thinking about buying or selling a business in New York or New Jersey? The purchase price isn’t the only number that matters. Closing often brings hidden fees and adjustments — from lease assignment costs to inventory counts and customer credits. Don’t let these derail your deal. Learn what to expect. #BusinessLaw #BuyingABusiness #SellingABusiness #ClosingCosts #NewYorkBusiness #NewJerseyBusiness #AssetPurchaseAgreement #corporatelawyer #mergersandacquisitions

Hidden Fees in an Asset Purchase: A Guide for New York and New Jersey Business Owners

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Every business owner asks the same question: How much is my business worth? The truth: your lawyer protects your interests in the sale, but accountants, brokers, and valuation experts are the ones who crunch the numbers to set value. 📊 Read how they do it (and what documents they’ll want to see)> #mergers #acquisitions #SellMyBusiness #BusinessValuation #BusinessWorth #BusinessSale #NJBusiness #NYBusiness #NewJerseyBusiness #NewYorkBusiness #SmallBusinessOwner #EntrepreneurLife #BusinessOwners #BusinessPlanning

What is My Business Worth? Selling in New York & New Jersey.

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Starting or buying a business in New York or New Jersey? Success isn’t just about the idea — it’s about the team you build. Corporate lawyer, accountant, IP lawyer, insurance broker, and employment lawyer: the right advisors can make all the difference. #BusinessLaw #StartABusiness #BuyingABusiness #StartupSuccess #NewYorkBusiness #NewJerseyBusiness #CorporateLawyer #SmallBusiness

The Professionals You Need When Starting or Buying a Business in New York or New Jersey

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💡 Quick tip for anyone planning to sell their business: Don’t hand over detailed financials or customer lists until there’s an NDA. It’s not about slowing down a deal. It’s about protecting what you’ve built. Read more on NDAs and confidentiality. #SellMyBusiness #BusinessConfidentiality #BusinessLaw #Entrepreneurs #BusinessSale #NJBusiness #NYBusiness #BusinessPlanning #SmallBusinessOwner

Selling a Business? What to Know About NDAs

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Are you a thinking of buying a business in New York or New Jersey for the first time? Don’t overlook the bulk sales law. Failing to file a simple notice with the state at least 10 business days before closing could leave you on the hook for the seller’s unpaid taxes. 🧾 Learn how this process protects buyers and why rushing to close can cost more than you think.

Buying a Business in NY or NJ? What You Need to Know About the Bulk Sales Law

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Ever been caught in a business partnership standoff where the real hurdle isn’t the buyout itself, but figuring out the company's worth? 🤔 That's what happens all too often in New York and New Jersey when valuation disputes turn partners into courtroom adversaries. Without clear rules laid out in your agreements, these fights can drain time, money, and even derail your future plans. Here are some key takeaways: - Disputes usually stem from broken trust, not just numbers. - Having a solid valuation mechanism in your shareholder or operating agreement—like formulas, independent appraisals, or market comparisons—can prevent costly conflicts. - Updating or drafting clear valuation clauses now can save you from lengthy legal battles later. I’ve seen firsthand how a simple, upfront plan can keep disagreements manageable and relationships intact. It’s like having an insurance policy for your business’s future. Thinking about strengthening your partnership agreements? Check out this detailed guide on how to avoid valuation disputes and protect your business: Read more here. What’s been your experience with business valuations? Have you faced a dispute, or is this something you’re planning for? Let’s discuss below! 👇 #BusinessLaw #PartnershipTips #BusinessGrowth #LegalAdvice #NYNJBusiness Business partners in NY/NJ, fights over what the biz is worth can drag you into costly court battles. Clear valuation rules = less stress! #BusinessTips #operatingagreement #shareholderagreement #partnershipagreement #shareholderdisputes #businessdivorce #valuation

Resolving Business Valuation Disputes in New York and New Jersey

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Regulatory Whiplash! CTA Reporting Back On… Again.

🚨 New Blog Post from Russo Law LLC! 🚨 The latest court ruling has once again changed the landscape for Corporate Transparency Act (CTA) reporting. What does this mean for your business? Check out our latest post to stay informed: [LINK TO BLOG] #BusinessLaw #CorporateTransparencyAct #LegalUpdate #RussoLawLLC #Compliance #SmallBusiness #BusinessCompliance #FinCEN #RegulatoryUpdates #CTAReporting #Entrepreneurship #CorporateLaw #BusinessOwners #StartupLaw #LegalNews

If you’ve been tracking the Corporate Transparency Act (CTA) saga, you’re probably experiencing some legal whiplash. One minute, businesses were told they didn’t have to report beneficial ownership information due to a court injunction. Then, just weeks later, enforcement was back on, and so on an so on. Now, as of February 18, 2025, the CTA is once again in effect nationwide—at least for now.…

Regulatory Whiplash! CTA Reporting Back On… Again.

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Guess Who's Back? Businesses Must Resume Reporting Beneficial Ownership to FinCEN.

Attention business owners! 📢 The Corporate Transparency Act (CTA) is back in effect. Businesses must now report Beneficial Ownership Information (BOI) to FinCEN. Deadlines are extended to just after the new year. Don't delay! Read more in our blog post.

ATTENTION BUSINESS OWNERS: Following a December 23, 2024, federal appeals court decision, the Corporate Transparency Act (CTA) is back in effect!!!Most businesses are now required to file their Beneficial Ownership Information (BOI) with FinCEN. Key Deadlines: Companies created before January 1, 2024: File by January 13, 2025. Companies created between September 4, 2024, and December 23,…

Guess Who's Back? Businesses Must Resume Reporting Beneficial Ownership to FinCEN.

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🎄✨ Happy Holidays from all of us at Russo Law LLC! ✨🎄

As we reflect on the year, we’re grateful for our clients, partners, and community who’ve made 2024 so memorable. Wishing you and yours a season filled with joy, peace, and success. Here’s to an even brighter 2025! 🥂❄️

#HappyHolidays #RussoLawLLC #Gratitude #HolidayCheer