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...
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Buying commercial property could involve a bidding war
When running a New Jersey business, the location can play a significant role in whether a company thrives or takes a dive. As a result, when a company owner finds what he or she believes is the right commercial property for the business, acquiring that property as...
Risk Management Alert: An Update on COVID-19 Insurance Litigation
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...
Banking institutions must comply with finance-related regulations
Running a financial institution can be lucrative, but it also means complying with the law. If a bank or credit union does not disclose important information to its potential borrowers, it could be violating the law. As a result, it is wise for any banking institution...
Employers: Make information about reasonable accommodations clear
It is not unusual for employers to feel uncertain about how to handle certain situations. However, most in New Jersey understand that they need to follow the law when it comes to preventing discrimination and providing reasonable accommodations for disabled employees....
Protect your business with a thorough partnership agreement
At the beginning of nearly every partnership, the parties involved are on good terms. They are looking forward to the future and believe that their business relationship will last forever. However, just like a marriage, disputes can arise at any time, and being...
Environmental concerns lead to rejected land use proposal
When parcels of land are abandoned or have otherwise not been in use for some time, development company owners may view those parcels as opportunities. However, zoning issues and environmental concerns can arise that make area residents wary as to whether construction...
Insurance coverage is vital for businesses
Though starting a business is an exciting endeavor, it is also a very complicated one. New Jersey entrepreneurs will need to consider numerous aspects of operating the business that go beyond the actual manufacturing of products or providing services. For example,...
A boundary dispute may need legal action to resolve
When people purchase residential property, they typically want to use it as they please. Unless homeowners’ association covenants or local laws prohibit certain activity or use, most property owners can do what they please on their land. Of course, they do not want...
Enforcing creditor rights important when loans are not repaid
Banks have a lot of responsibility. Though many individuals may see banks as faceless institutions, the people who work in these establishments often want to provide useful services to help consumers with their financial needs. Though some people may think that banks...