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The Business Divorce Law Report

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Exercise Care in Valuing Interests in New Jersey Business Breakups

A court orders a business valuation in a matter involving an oppressed shareholder claim. The appraiser, carefully applying the standards of his profession, sends an engagement letter describing a fair market value determination.  The appraisal will value the enterprise as a whole, then apply minority and marketability discounts.  The selling shareholder…

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Expelling a Member of a NJ Limited Liability Company

Time was that the expulsion of a troublesome individual from a limited liability company or partnership generally meant that the business entity would have to be dissolved and either start over or be sold off.  Changes to partnership laws — and the adoption of similar provisions in New Jersey’s limited…

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