TestNew Jersey business owners typically obtain insurance for protection against losses or damage to their business. In a recent unpublished opinion, Grand Cru LLC d/b/a Restaurant Nicholas v. Liberty Mutual Insurance Company, et. Als., A-0619-21, the Appellate Division was asked to decide whether a restaurant’s insurance policy provided coverage for […]
After a long hold, several substantial changes will soon come into effect for businesses conducting layoffs in New Jersey. On January 10, 2023, Governor Phil Murphy signed Assembly Bill No. 4768 into law, which amended the state’s “mini-WARN” act, officially titled the Millville Dallas Airmotive Plant Job Loss Notification Act […]
On January 5, 2023, the Federal Trade Commission (FTC) proposed a new rule that would ban non-compete clauses in employment contracts. Many employers may need to revise their employment contracts and send notifications to current and former employees if the rule is adopted. The changes will likely elicit major challenges […]
As 2022 comes to a close, it is important to know the advantages of certain tax planning strategies. Following a brief overview of how the federal gift and estate tax system works, this article presents five year-end tax planning strategies for 2022.1 Understanding the “Lifetime Exemption” in 2022: The Amount […]
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