Legal Question in Business Law in New Jersey

You are jumping the gun here. 90%+ of these cases settle and thus, you should just hire a lawyer and have him/her negotiate this out for you. It'll be much cheaper, trust me. Call me anytime.

The business itself can serve as collateral. If you don't have an attorney already, I highly recommend that you seek one.

Fee free to contact me if you need help.

All the best,

Roman R. Fichman, Esq.

www.TheLegalist.com │ @TheLegalist

email: Info (@) TheLegalist (dot) com

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Disclaimer: This post has been written for educational purposes only and was not meant to be legal advice and should not be construed as legal advice or be relied upon. The post may contain errors, inaccuracies and/or omissions. You should always consult an attorney admitted to practice in your jurisdiction for specific advice. This post may be deemed as Attorney Advertising.

IRS CIRCULAR 230 DISCLOSURE: To ensure compliance with requirements imposed by the IRS, we inform you that any tax advice contained in this communication (including any attachments) was not intended or written to be used, and cannot be used, for the purpose of (i) avoiding tax-related penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any matters addressed herein.

To paraphrase H.L. Mencken, � For every question, there is an answer that is simple, neat and wrong. ---

That being said, the short answer is that a court will not automatically "award the business" to the litigant most "fit" to run the business. In shareholder disputes, courts have broad latitude to fashion remedies to fit the particular circumstances. I routinely handle such matters and welcome you to contact me to explore both litigation and non-litigation alternatives. Thanks.

Kindly note and remember that my response is merely a general comment on the law related to your question, and NOT legal advice or opinion. Also, your question and my response does NOT create an attorney-client relationship between us. You cannot rely upon what I have written, because I do not have all of the information that I need to advise you or render an opinion. Even simple facts you have not shared can completely change my answer. For me to give you legal advice or opinion, you would need to hire me to be your lawyer, and then we would need to discuss this in detail and go over the documents.

Please visit my website! www.bgartenberg.com or call me if you�d like to learn more about me or my practice. Thank you.

IRS CIRCULAR 230 DISCLOSURE: As required by U.S. Treasury Regulations governing tax practice, you are hereby advised that written advice contained herein (if any) was not written or intended to be used (and cannot be used) by any taxpayer for the purpose of avoiding penalties that may be imposed under the U.S. Internal Revenue Code.

With best wishes,

Barry F. Gartenberg, Esq.

I agree with the other authors.