Consideration notes indicate the items of value that are exchanged by each party to a contract. read more

A collateral promise is one that is established by statute. A promise established aside from the legal statute is referred to as original. read more

Learn the void ab initio meaning in contract law, its legal consequences, and how it differs from void, voidable, and unenforceable contracts. read more

Learn how to calculate damages for negligence, including compensatory, punitive, and economic damages, plus how comparative negligence laws impact claims. read more

Advertisement unilateral contract refers to two aspects of running a business: advertisements and unilateral contracts. read more

Entity documents for an LLC are the documents required by a state to register a limited liability company (LLC) to conduct business legally in that state. read more

Limited liability companies (LLCs) formed and registered in the state of New Jersey are not required to write or file an operating agreement. read more

Wondering how many employees a corporation must have? Learn what’s legally required, what the IRS expects, and how corporate size impacts employee count. read more

"Can I use Inc. in my business name? Learn about legal requirements, the significance of incorporation designators, and the benefits of incorporating your business." read more

Learn how to close a business bank account after LLC dissolution, including legal steps, IRS requirements, debt resolution, and fund distribution. read more