Arbitration Clauses: A Contract Within a Contract
Arbitration clauses are not boilerplate — they are a self-contained legal framework that can be tailored for dispute size, confidentiality, seat, rules, and written submissions. Learn how to draft one that actually works for you.
Read MoreI Have AI to Review My Contracts — Do I Really Need a Business Lawyer?
The Pitch AI Cannot Make for You It sounds logical: why pay a business lawyer to review a contract when you can paste it into an AI tool and get a plain-English summary in seconds? AI has become remarkably capable. It can flag unusual indemnification clauses, identify missing termination provisions, and explain governing law sections…
Read MoreI’m Buying a Business With an SBA Loan — Can I Just Transfer the Loan?
Transferring an SBA loan sounds simple — but it almost never is. Learn why most SBA loans cannot be assumed by a buyer, how collateral obligations can create legal exposure, and why the cleanest path is using the purchase price to pay off the seller’s SBA debt at closing.
Read MoreI Sent My Own Demand Letter — Do I Really Need a Lawyer to Send One Too?
In the age of AI, anyone can write a demand letter — which is exactly why the other side ignores yours. Learn why a business attorney’s demand letter signals serious intent and becomes the foundation for arbitration or litigation.
Read MoreBuying or Selling a Pizzeria? Here’s What You Need to Know Before You Sign
Buying or selling a pizzeria involves leases, licenses, equipment liens, and employee obligations. Learn what to watch for and how Russo Law LLC’s flat fee arrangements make small M&A deals affordable in New Jersey and New York.
Read MoreThey Promised Me Everything Before I Signed — Why Doesn’t It Matter?
What happens to promises made before you sign a contract? Learn how entire agreement clauses, the parol evidence rule, and fraudulent inducement claims work under New Jersey and New York law.
Read MoreI Signed an LOI to Buy a Business — Is My Offer Being Used to Bid Up the Price?
You signed a letter of intent and now suspect the seller is using your offer to extract a higher price from another buyer. Learn how to protect yourself with exclusivity provisions, confidentiality obligations, and what your LOI should — and should not — say.
Read MoreI’m an Independent Contractor — Should I Use My Own Contract or Rely on the Client’s?
Relying on a client’s contract means relying on a document written entirely for the client’s benefit. Learn why independent contractors in New Jersey and New York should use their own MSA and SOW framework.
Read MoreBuying and Selling a Staffing Agency: Special Considerations
Staffing agency acquisitions come with unique risks: pre-closing placements that may not work out, license transfer issues in NY and NJ, and indemnification gaps that can expose the buyer to claims involving placed candidates. Here is what you need to know.
Read MoreSomeone Is Contacting My Clients and Trying to Steal My Business — What Can I Do?
Someone Is Contacting My Clients and Trying to Steal My Business — What Can I Do? Discovering that a former employee, partner, or competitor is actively reaching out to your clients and trying to take your business is one of the most alarming situations a business owner can face. The good news is that New…
Read MoreI Just Bought a Business and Discovered Problems — What to Do Next
I Just Bought a Business and Discovered Problems — What to Do Next You closed on a business acquisition. The seller shook your hand, took the money, and walked away. Now — days, weeks, or months later — you are discovering things that don’t add up. The financials were exaggerated. There are liabilities you weren’t…
Read MoreMy Business Purchase Fell Apart — How Do I Get My Deposit Back?
My Business Purchase Fell Apart — How Do I Get My Deposit Back? A business purchase agreement falls apart for many reasons — the buyer can’t get financing, due diligence reveals unexpected problems, the seller backs out, or the parties can’t agree on final terms. When a deal collapses, one of the first questions is…
Read MoreA Judge Just Told Me My Company Can’t Represent Itself in New Jersey Court — Now What?
A Judge Just Told Me My Company Can’t Represent Itself in New Jersey Court — Now What? You filed a lawsuit on behalf of your business. Maybe you drafted the complaint yourself, filed it in New Jersey Superior Court or a federal district court, and showed up ready to argue your case. Then the judge…
Read MoreStatute of Limitations for Business Contract Disputes in New York and New Jersey
Statute of Limitations for Business Contract Disputes in New York and New Jersey One of the most common — and most costly — mistakes business owners make is waiting too long to act on a legal claim. By the time they consult a lawyer, the statute of limitations has run, and what might have been…
Read MoreWhat Is Discovery and What Should You Know Before Filing a Business Lawsuit?
What Is Discovery and What Should You Know Before Filing a Business Lawsuit? Filing a lawsuit is not the end of a dispute — it is the beginning of a process that can be expensive, time-consuming, and demanding of both your time and resources. One of the most significant and least understood aspects of that…
Read MoreMy Business Is a Free-for-All — How Operating and Shareholder Agreements Prevent Partner Disputes
My Business Is a Free-for-All — How Operating and Shareholder Agreements Prevent Partner Disputes Running a business with partners without a comprehensive operating agreement or shareholder agreement is like building a house without a foundation. Everything may seem fine when the sun is shining. But when a dispute arises — and in multi-owner businesses, disputes…
Read MoreI Have AI to Review My Contracts — Do I Really Need a Business Lawyer?
AI can summarize your contract — but can it protect you? Learn the critical limits of AI contract review and why experienced business lawyers in New Jersey and New York still matter.
Read MoreLLC, Partnership, or Corporation — How to Choose the Right Business Structure in New Jersey
LLC, Partnership, or Corporation — How to Choose the Right Business Structure in New Jersey One of the first decisions every new business owner faces is how to structure their business. The choice between a limited liability company (LLC), a partnership, and a corporation affects your personal liability exposure, how the business is taxed, how…
Read MoreI Think My Business Partners Are Teaming Up Against Me — Minority Shareholder and Member Rights in NJ and NY
I Think My Business Partners Are Teaming Up Against Me — Minority Shareholder and Member Rights in NJ and NY Running a business with partners can be rewarding — until it isn’t. If you own a minority interest in a corporation or LLC and you feel like your co-owners are making decisions that benefit themselves…
Read MoreHow to Protect Yourself With an NDA When Selling Your Business
How to Protect Yourself With an NDA When Selling Your Business Selling a business requires you to share sensitive information — financial records, client lists, employee details, operational systems, and proprietary processes — with potential buyers who may include your competitors. This is one of the most uncomfortable realities of the sale process: to get…
Read MoreBuying a Restaurant in New Jersey — What You Need to Know Before You Sign
What Buyers Miss When Purchasing a Restaurant in New Jersey Buying a restaurant in New Jersey can be one of the most rewarding business decisions you make — or one of the most costly mistakes of your life. The difference often comes down to what happens between signing the letter of intent and closing day.…
Read MoreCelebrating a Milestone: Lou Russo Selected to Super Lawyers for the Fifth Consecutive Year
Russo Law LLC founder Lou Russo has been selected to the Super Lawyers list for 2026 — marking his fifth consecutive year and ninth overall recognition since 2017. Only 5% of attorneys in each state earn this distinction annually. A proud milestone reflecting sustained client outcomes in New York and New Jersey business law.
Read MoreNew York LLC Transparency Act: Key Owner Reporting Requirements
Beginning January 1, 2026, New York LLCs must report beneficial ownership information under the NY LLC Transparency Act. Most LLCs will be affected, facing fines up to $500 per day for noncompliance. Business owners should identify beneficial owners, review exemptions, and stay updated on regulations to ensure compliance.
Read MoreHidden Fees in an Asset Purchase: A Guide for New York and New Jersey Business Owners
Buying or selling a business in New York or New Jersey? Hidden fees and closing costs can derail your deal. From lease assignment fees to inventory adjustments, learn what expenses to expect and how to negotiate them in your asset purchase agreement to avoid costly surprises.
Read MoreWhat is My Business Worth? Selling in New York & New Jersey.
When New York or New Jersey business owners consider selling, they often question their business’s worth, influenced by factors like profitability and growth potential. Collaborating with business brokers, accountants, and valuation experts aids in accurate assessments. Additionally, lawyers can enhance value by reviewing and improving contracts, ensuring greater buyer confidence and market appeal.
Read MoreThe Professionals You Need When Starting or Buying a Business in New York or New Jersey
Starting a business requires more than a good idea; it hinges on building the right team. Key advisors, such as corporate lawyers, IP lawyers, accountants, insurance brokers, and employment lawyers, are vital for ensuring proper planning and execution. Their guidance helps prevent costly mistakes and increases the likelihood of long-term success.
Read MoreSelling a Business? What to Know About NDAs
When selling a business, confidentiality is crucial, often necessitating a nondisclosure agreement (NDA). An NDA protects sensitive information, deters bad-faith inquiries, and establishes clear rules for information sharing. In New Jersey and New York, deals typically start with an NDA, ensuring trust and protecting business value during negotiations.
Read MoreBuying a Business in NY or NJ? What You Need to Know About the Bulk Sales Law
When buying a business in New York or New Jersey, don’t overlook the bulk sales law. Filing the required notice 10 days before closing protects buyers from a seller’s unpaid taxes and prevents costly surprises. Learn how this process safeguards buyers in asset purchases.
Read MoreResolving Business Valuation Disputes in New York and New Jersey
Valuation disputes are one of the biggest obstacles in a New York or New Jersey business divorce. Clear buyout provisions in shareholder and operating agreements help partners avoid costly litigation, protect fairness, and ensure smoother resolutions when it’s time for one owner to exit the business.
Read MoreRegulatory Whiplash! CTA Reporting Back On… Again.
The Corporate Transparency Act (CTA) is back in effect—again. A court ruling has lifted the injunction, meaning businesses must resume beneficial ownership reporting. Most have until March 21, 2025, to comply. Stay updated on the latest changes and what this means for your company by contacting a New York corporate lawyer New Jersey business lawyer.
Read MoreGuess Who’s Back? Businesses Must Resume Reporting Beneficial Ownership to FinCEN.
Businesses: A federal court has paused the Corporate Transparency Act’s beneficial ownership reporting requirements. Learn what this means for your compliance obligations and how to stay informed from this New Jersey business lawyer New York business lawyer blog post.
Read MoreRegulatory Whiplash. Corporate Transparency Act (CTA) Reporting Is Back On. Again.
Businesses: A federal court has paused the Corporate Transparency Act’s beneficial ownership reporting requirements. Learn what this means for your compliance obligations and how to stay informed from this New Jersey business lawyer New York business lawyer blog post.
Read MoreNavigating Delaware LLC Amendments: A Practical Approach for Business Owners
Businesses of all sizes in Delaware should consider amending their LLC’s formation documents to adapt to changes and ensure compliance. Ownership, management, growth, regulatory, and logistical changes are common reasons for amendments. Review, drafting, approval, filing, updating records, and communication are crucial steps in the amendment process, facilitated by a New York New Jersey business lawyer.
Read MoreWhen Business Partners Fight: Navigating New Jersey LLC Dissolution
Dissolving an LLC in New Jersey is complex, especially during disputes. Key grounds include unanimous member agreement, deadlock, oppression of minority members, or fraudulent conduct. Essential evidence includes detailed records, financial statements, and communication logs. Alternatives to dissolution may involve mediation, buyouts, or restructuring. Legal guidance is crucial for navigating this process effectively.
Read MoreHow to Comply with The Corporate Transparency Act
In this New York Business Lawyer, New Jersey Business Lawyer blog post, Russo Law LLC discusses the newly enacted Corporate Transparency Act and what businesses, investors, shareholders, and officers and directors need to do to comply with it in 2024.
Read MoreLou Russo of Russo Law LLC Featured in ABA Law Practice Today
New York New Jersey Business Lawyer Lou Russo was recently spotlighted in an interview with ABA Law Practice Today. Corporate lawyer, Lou delves into his journey in the legal field and the inspiration behind Russo Law LLC.
Read MoreCelebrating Excellence: Lou Russo Named 2023 Super Lawyer Once Again
Congratulations to Russo Law LLC founder, Lou Russo! He has been distinguished once again as a Super Lawyer by Super Lawyers 2023.
Read MoreNew Jersey’s Latest Credit Card Surcharge Law: What Business Owners Need to Know
In this New Jersey Business Lawyer blog post, Russo Law LLC discusses New Jersey’s recently enacted credit card surcharge law and what New Jersey Businesses must do now to comply with it and avoid significant penalties.
Read MoreCrafting a Strong Master Services Agreement: Key Protections for Success
In this New York Business Lawyer, New Jersey Business Lawyer blog post, Russo Law LLC founder and business lawyer Lou Russo describes the vital components that consultants and service providers should consider including in a Master Services Agreement to protect their interests and set the stage for prosperous client collaborations.
Read MoreBoost Your Business: Top Reasons to Start an LLC in New York or New Jersey
When it comes to selecting the right legal structure for your business in New York or New Jersey, the expertise of a business lawyer is invaluable. One option that offers numerous advantages, as confirmed by business lawyers regularly dealing with corporate law issue, is the Limited Liability Company (LLC).
In this article Russo Law LLC founder and business lawyer Lou Russo will explore five compelling reasons why to consider using an LLC to operate your business in New York or New Jersey regardless of whether for a startup or a small business.
Read MoreCrucial Factors for Successfully Concluding a Business Sale in New Jersey: Maximize Your Profit Now
Are you considering buying a business in New Jersey or selling a business in New Jersey? If so, there are many factors to consider, and the process can be quite complex. In this blog post, business lawyer Russo Law LLC will walk you through what to expect after signing a purchase agreement but before closing on the sale of a business in New Jersey. From due diligence to lease assignments to obtaining franchisor approval, the blog covers everything you need to know to ensure a successful transaction.
Read More5 Must-Have Provisions for Shareholder Agreements in New York and New Jersey
As a business owner in New York or New Jersey, a shareholder agreement is a crucial legal document that can protect your business and ensure that the shareholders’ rights are clearly defined. A shareholder agreement outlines the rights and obligations of each stock owner and can help to prevent disputes and conflicts down the line. This blog post discusses 5 crucial provisions of a shareholder agreement for a New York or New Jersey corporation.
Read MoreSecuring Your Business Secrets: 5 Steps to Take Before Signing an NDA
Before signing an NDA, you and your business lawyer should take these five steps to safeguard your interests while allowing you to maintain business operations and explore business opportunities.
Read MorePurchasing a Business in New York or New Jersey: Tips for Conducting Effective Due Diligence
Are you considering purchasing a business in New York or New Jersey? To make a smart investment, it’s important to conduct due diligence. In this blog post, New York and New Jersey business lawyer Lou Russo provides 5 tips for evaluating financial records, operations, employees, the market, and legal documents when buying a small business in New York. By following these tips, you can effectively evaluate the business and set yourself up for long-term success.
Read MoreThe AAA Revamps Its Arbitration and Mediation Rules
A brief business law blog post summarizing recent changes to the American Arbitration Association’s Commercial Rules and Mediation Procedures.
Authored by New York and New Jersey arbitration, mediation and business lawyer Lou Russo.
Read MoreDo I Need a DBA for My Business?
A brief business law blog post authored by New York and New Jersey business lawyer Russo Law LLC answering the frequently asked question “Do I Need a DBA for My Business?”
Read More5 Tips for Cutting Ties With a Business Partner
A brief business law blog post authored by New York and New Jersey business lawyer detailing 5 tips for any New York or New Jersey business owner asking themselves “How can I resolve my disputes with my business partner?”
Read MoreCorporate Shareholder Meetings In New York and New Jersey
A brief business law blog post authored by New York and New Jersey business lawyer detailing
some requirements for shareholder meetings for New York and New Jersey Corporations. This post is a good primer and frame of reference for all owners, shareholders and directors (boards of directors) of New York and New Jersey Corporations looking to ensure compliance with controlling corporate law in New York and New Jersey
SCOTUS: 1782(a) Discovery No Longer Available in International Arbitrations
On June 13, 2022, the United States Supreme Court unanimously held that parties to private arbitrations cannot use US federal courts to gather evidence to be used in international arbitrations.
Read More5 Ways Business Owners Can Avoid Personally Liability for The Debts of Their Business
One of the main draws of creating a separate stand-alone entity (e.g., corporation, limited liability company) when starting a new business is to avoid being personally liable for the debts incurred in furtherance of the business. However, that protection could be lost if the business is not properly managed by owners, shareholders, officers, and/or directors of…
Read MoreEarly Case Assessment of Business Disputes – Lou Russo Appeared on the Nexdigm Podcast
RUSSO LAW LLC’s founder, Lou Russo, recently appeared on Nexdigm (Formerly SKP)’s podcast and spoke with Sundaraparipurnan Narayanan about the benefits of early litigation assessments in business disputes. Click here to listen: https://bit.ly/3eEIdJm * * * Russo Law LLC deploys unparalleled training and modern technology to guide investors, businesses, and executives efficiently through corporate, contractual,…
Read MoreBusiness Owners Beware of the New York City Freelance Isn’t Free Act
There are many benefits to working with independent contractors / freelancers instead of hiring full time employees: flexibility, reduced legal risk, no payroll costs, no commitments, no benefits, and no hassle. As an added bonus, you can likely haggle them down to accept less on an invoice because, after all, they likely need the money,…
Read MoreVirtual Arbitration: The Meteoric Rise of Web Conferencing In Response to COVID19
Four years ago, I participated in a panel discussion about the use of technology in arbitration. With the help of some brave souls across the pond in London, we conducted an opening statement and witness examination in a mock commercial arbitration involving a breach of contract all from the comfort of a conference room in…
Read MoreMy 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.
Read MoreMy 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.
Read MoreNew York’s Part 161: What Attorneys Need to Know About the New AI Rule
New York’s Part 161, effective June 1, 2026, regulates how attorneys use AI tools in court filings. Here’s what NY litigators need to know.
Read MoreMy Partners and I Can’t Agree on Anything — What Are Our Options?
When business partners reach a deadlock and no one wants to buy the others out, dissolution may be the only path forward. Learn how business dissolution works in New York and New Jersey — from the decision to wind down through creditor notice, asset liquidation, and final distributions.
Read MoreDo I Really Need an Operating Agreement for My Single-Member LLC?
Yes — and here is why. An operating agreement for a single-member LLC is not just good practice. In New York and New Jersey, it is a factor courts examine when deciding whether to pierce the corporate veil and hold you personally liable for business debts.
Read More