In 2020 we wrote a similar short piece raising a number of issues with New Jersey’s new Pass-Through Business Alternative Income Tax Act, effective for 2020 and subsequent years (the “Act” or “Act Tax”).  If the Act Tax is elected, New Jersey imposes an income tax on...

Choosing to incorporate a company is a major step for any business owner. Incorporation can mean taking additional steps to ensure that everyone involved in the company is on the same page and that the appropriate New Jersey laws have been followed to incorporate...

Business disputes can disrupt your productivity, staff morale and your company’s reputation, not to mention your bottom line. Resolving disputes as quickly and peacefully as possible is in your best interests, and this may mean staying out of the courtroom, where it...

Section 170(h) of the Internal Revenue Code of 1986, as amended (the “Code”), sets forth rules allowing income tax deductions to taxpayers who grant conservation easements on real estate in perpetuity to qualifying non-profit organizations, generally within exacting...

As insurers continue to issue blanket denials for COVID-19 business interruption losses, courts nationwide are seeing an influx of cases seeking a review from the denials.  A Bergen County Judge recently denied a Motion to Dismiss filed by an insurance company and...

When shopping for and preparing to purchase a first home, consumers must educate themselves about many new things that they had likely not had to address or think about as renters. Everything from the steps involved in making an offer to what rights they may or may...

When choosing a financial institution, you may decide to go with whatever option is close to your home or most conveniently located. Did you know that each bank is different and that a savings and loan is not the same thing as a commercial bank?  According to Zack's,...

Buying and selling real estate in New Jersey is a detailed process that requires you and the other party to be timely and organized in negotiating a contractual agreement. When you are aware of which aspects of a real estate contract are central to your success...

When most people think of agile businesses adopting tech, banks rarely come to mind. For centuries, taking 90 days and more to process applications and submit approvals or denials were considered normal. Much of the application was also manual and paper-based,...

New Jersey real estate agents have a variety of contractual obligations to their clients. Beyond their clients, the Consumer Fraud Act can impact their advertising and sales. There is much confusion around how the CFA applies to real estate.  The NJ Consumer Affairs...