Entrepreneurs have a myriad of options for raising capital for their early-stage businesses including bootstrapping, crowdfunding, issuance of common stock, and issuance of convertible notes.
Businesses often require additional capital to start, grow, or manage business operations. To satisfy this need, businesses can pursue a variety of financing options.
On August 9, 2019, Governor Phil Murphy Assembly Bill A-2004, (the "Bill"), which now permits municipalities in New Jersey to pay non-residential property tax appeal refunds over a period of three years.
In May of 2009, Governor John Corzine signed the Site Remediation Reform Act ("SRRA") into law, enacting sweeping changes to New Jersey's site remediation program. The Act created the Licensed Site Remediation Professionals ("LSRP") Program and imposed strict reporting requirements and an affirmative obligation to remediate contaminated sites.
New Jersey law requires property owners to pay property taxes and other municipal charges relating to their real estate holdings. These charges can include water, sewer and other special assessments or utilities impacting the property.
Earlier this month, Governor Phil Murphy signed a bill creating a four-year pilot program to study the effects of a later start time for New Jersey high schools. This bill comes after a 2014 report by the American Academy of Pediatrics that reported sleep deprivation in adolescents with one contributing factor being early school start times.
Client Alert! On August 8, 2019, the U.S. Department of Labor ("DOL") issued an opinion letter in which the DOL concluded that the Family and Medical Leave Act ("FMLA") covers a parent’s attendance at his/her child’s individualized education ("IEP") meeting at school.
On August 6, 2019 Acting Governor Shelia Oliver signed the Wage Theft Act into law. The law revised New Jersey wage and hour laws to include new civil and criminal penalties for failure to pay compensation and benefits, pensions, medical treatment, disability benefits, and workers' compensation.
In Parts 1 and 2 of this series, we discussed the circumstances that led to the planned phase-out of the London Inter-bank Offered Rate, commonly referred to as “LIBOR” and the proposed replacement rate known as the Secured Overnight Financing Rate (“SOFR”). In this last part of the series, we will present the proposed language recommended by the Alternative Reference Rate Committee (“ARRC”) to be used in new contracts that reference LIBOR.