Did You Know That a Court Appointed Receiver Cannot Be Held Personally Liable When He or She Screws Up a Business?

By Fredrick P. Niemann of Hanlon, Niemann & Wright, a Freehold Township, Monmouth County, New Jersey Business & Corporation Law Attorney In a recent case, a Court appointed receiver was sued over the actions they allegedly took during their tenure administrating rental property.  Plaintiff’s case was dismissed because the United States Supreme Court has ruled […]

Is Continuing Employment Sufficient Consideration To Make A Covenant Not To Compete Enforceable in NJ?

By Fredrick P. Niemann, Esq. of Hanlon Niemann & Wright, a Freehold, NJ Covenant Not to Compete Attorney The short answer is “Yes”. In a recently reported Appellate Division decision Hogan v. Bergen Brunswig Corp., 153 N.J. Super. 37,43 (App. Div. 1977) the court ruled that “the existence of sufficient consideration to support a post-employment […]

LLCs vs. Corporations- Economic Differences Part 2

By Fredrick P. Niemann, Esq. of Hanlon Niemann & Wright, a Freehold, NJ Business Corporate Attorney  In our last post, I discussed the differences between LLCs and Corporations as it relates to management and operation.  We saw how an LLC allowed its members and managers more flexibility in its operation and allowed its member owners […]