Transferring wealth from one generation to the next is a tricky business. It becomes even more complex when a family business is involved since it raises many different emotions tied to planning for the succession of the business and presents significant questions for business owners. Whether consciously or subconsciously, many […]
Blogs , Business/Corporate Law Blog , Employment Law Blog
The NJLAD is a New Jersey law that protects employees of New Jersey employers, from the private sector and state and local government, from discrimination. While the NJLAD has always prohibited age-based discrimination in employment, a new amendment signed into law on October 5, 2021 by Governor Phil Murphy significantly […]
Blogs , Business/Corporate Law Blog , COVID-19
The PPP Flexibility Act (the “Act”) would change the 75/25 rule. The Act states: “To receive loan forgiveness under this section, an eligible recipient shall use at least 60 percent of the covered loan amount for payroll costs, and may use up to 40 percent of such amount for any […]
Blogs , Business/Corporate Law Blog , COVID-19 , Employment Law Blog
On June 3, 2020, the Senate approved the House-passed Paycheck Protection Program Flexibility Act (the “Act”) and the bill now heads to President Trump for enactment. The Act brings much needed relief to recipients of Paycheck Protection Program (“PPP”) loans. Extension of PPP • The Act extends the PPP program […]
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