Starting a new venture in New Jersey is rarely an easy task, particularly given the growing number of rules and regulations impacting small businesses. However, efforts are underway to ease the regulatory burden and make New Jersey more business friendly.
The Red Tape Commission, a bi-partisan commission created to reduce governmental red tape, released a progress report earlier this month. The report details the steps that have been taken to reduce red tape and outlines further steps to make regulations less costly for business.
While much work remains, the report is welcome news for existing businesses as well as those looking to start a new business in New Jersey. Below is a brief summary of the Commission report:
The full report is available here.
If you are contemplating forming or buying a business in New Jersey, an experienced New Jersey business attorney can help you cut through the red tape and take steps to ensure that you don’t face compliance problems down the road.