The primary benefit of using a corporate entity to conduct business is the limited liability protection afforded to its owners. Corporations, limited liability companies, and other such entities are recognized as legally distinct and separate from their owner(s). As a result, the owner’s personal assets are shielded from any liability for the entity’s debts. This principle applies equally whether in the context of a parent company using a subsidiary entity for a particular venture or in the case of an individual using an entity to operate a new business.
Pursuant to New Jersey Governor Phil Murphy’s Economic Development Strategic Plan for the State of New Jersey ("Strategic Plan"), the New Jersey Economic Authority ("EDA") launched a new, dedicated unit ("Unit") to support the small-business community. The Unit will provide New Jersey small-businesses with financial, workforce, and technical support, with a focus on historically underrepresented small businesses such as minority, veteran, disability and LGBTQ-owned enterprises.
Corporate associate Parthiv Patel discusses how the IRS's proposed rules to block the State and Local Tax deduction cap workaround will affect New Jersey taxpayers.
In this installment of the Corporate Department Blog, Adam Chelminiak and Mariel Giletto discuss the two different types of purchase price adjustments and strategies to minimize future disputes.
Kathleen O'Brien and Mariel Giletto keep us up to date on the latest corporate tax changes in New Jersey.
Our corporate attorneys, Adam Chelminiak and Mariel Giletto discuss the recent online sales tax ruling and how it can affect businesses.
Our attorneys share an update on the Qualified Opportunity Zone program which was recently announced.
Jeff Winitsky, Mariel Giletto and Adam Chelminiak of our public finance and corporate departments explain the Qualified Opportunity Zone program born from the Tax Cuts and Jobs Act.
Corporate attorneys Kathleen O'Brien and Mariel Giletto give an update on the latest ruling regarding sports betting in New Jersey and surrounding states.
This week's Corporate blog discusses how post-employment restrictive covenants are enforced and how a new bill before the New Jersey Labor Senate Committee could affect business owners.