News & Insights

If you are thinking about selling your business in the next one to three years, working with an experienced business attorney early in the process can make a significant difference in how smoothly that sale goes. The single biggest mistake most owners make is waiting until a buyer shows interest before getting organized. By the time a letter of intent is on the table, due diligence moves fast, and any gaps in your records can slow the deal down, reduce your purchase price, or in some cases cause a buyer to walk away entirely.

The good news is that most of what buyers look for is well within your control if you start early. Here is a due diligence checklist to help you get ahead of the process.

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Many individuals and business owners operate under the incorrect assumption that when looking to raise capital, they can simply sell securities to any person on the street. However, the general rule is that any public offering of a security must be registered with the SEC, unless an exemption exists.

For many small businesses, registration with the SEC is not feasible due to the expense. Luckily, several exemptions from registration are offered. Some of the most common exemptions are found under regulation D (specifically Rule 506, which is a Safe Harbor under Section 4(a)(2)). Yes, it’s confusing. A Private Placement Memorandum (or PPM) is a document that businesses use to take advantage of such exemptions.

Read on to learn more about PPMs and how they can benefit your business when raising capital.

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The DEA Registration Process for Cannabis Businesses: What Operators Need to Know in 2026

The federal cannabis landscape shifted significantly in April 2026 when the Drug Enforcement Administration, under direction from the U.S. Department of Justice, issued a final order moving certain cannabis products, primarily those tied to state medical programs, into Schedule III of the Controlled Substances Act. For any cannabis operator working with a seasoned business lawyer, this development introduces a new federal compliance pathway for qualifying medical cannabis operators, particularly for those navigating complex regulatory environments with a New York cannabis business lawyer.

While this change stops short of federal legalization, it creates, for the first time, a formal DEA registration process for cannabis businesses operating within the medical framework.

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New Jersey businesses that use freelancers, consultants, gig workers, or other independent contractors should pay close attention to recently adopted regulations from the New Jersey Department of Labor and Workforce Development (NJDOL). On May 5, 2026, the NJDOL adopted N.J.A.C. 12:11, a comprehensive regulatory framework codifying how the state applies its strict “ABC Test” to worker classification. The new rules carry an operative date of October 1, 2026.

Although New Jersey has applied the ABC Test for decades through statutes and court decisions, N.J.A.C. 12:11 represents the first comprehensive regulatory framework explaining how the NJDOL interprets and enforces the test. The regulations apply uniformly across the New Jersey Unemployment Compensation Law, the Wage and Hour Law, the Wage Payment Law, the Earned Sick Leave Law, and the Temporary Disability Benefits Law.

For startups and businesses that rely heavily on 1099 workers, these regulations significantly increase the importance of properly structuring independent contractor relationships. In this blog, our New Jersey business attorneys break down the rule.

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Frequently Asked Questions About Wyoming LLCs

In the world of closely held corporations, a Shareholders’ Agreement (or Stockholders’ Agreement) is a pivotal document that governs the relationship among the shareholders of the corporation. A shareholders’ agreement may not be proper for every corporation. However, it is highly recommended for small and medium-sized businesses. Understanding the key elements of this agreement is crucial for any shareholder or prospective investor in a corporation. This blog from our business lawyers provides a high-level overview of the common provisions found in a shareholders’ agreement.

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