“While New Jersey is the fourth smallest state, it is the 11th most populous. Small and midsized businesses are crucial to the statewide economy where proactive and pro-business programs have helped these companies flourish. As a result, New Jersey now also ranks 11th out of 50 states in the number of SMBs.”
In the October 17th, 2022 issue of NJBIZ, Mandelbaum Barrett PC Partner Peter A. Levy, Esq. discusses how with new businesses and breakthrough innovation flying out of the starting gate, the initial steps a startup takes can make all the difference. He breaks this down into three main areas: avoiding equity dilution, human resources and intellectual property.