Mahwah Considering “Opting In” to Highlands. At a recent meeting of the Mayor and Council, a straw poll vote indicated strong movement by the governing body toward “opting in” to the Highlands Preservation Zone mandates. Portions of Mahwah north and west of the Ramapo River are already in the Highlands Perseveration District. The remaining […]
Medicare Part D – 2009 Notification It’s that time of year of again where employers must notify their employees whether or not the group prescription plan offered under the employer’s group health plan is equal to or better than that provided by Medicare Part D. If the employer’s prescription plan is equal to or better […]
IT’S STILL THE ECONOMY, STUPID! By: Thomas M. Wells Experts are telling us the recession is over, and it very likely is, at least by the numbers. Eight months ago I predicted unemployment would reach ten-percent. Now, with just a couple tenths of a point to go, I am less sure, but still […]
Good business lawyers are considered to be good for a reason. We do a lot more than just draft documents. We work to get the deal done, but still protect our clients’ interest while giving them good service, for value. Importantly, though, our job is also to help our clients see things clearly if […]
Just last summer, the statewide Nonresidential Development Fee Act was enacted on July 17, 2008. The Act pre-empted any municipal affordable housing or “COAH” fee ordinance and mandated that any nonresidential development be assessed a fee equaling 2.5% of the equalized assessed value of the improvements and land of the new development (the “2.5% Fee”). […]
For our many non-profit clients, I am happy to report that the Bergen Community College Non-Profit Institute for Philanthropy and Leadership has scheduled its second Non-Profit Symposium for September 23, 2009 from 8:30 am to 3:00 pm. This is a half day conference, with this year’s theme as “Succeeding Despite Today’s Economic Times.” The program […]
When two or more people go into business together, it is important for them to agree to and enter into a formal written agreement for a partnership or partnership agreement. A corporation’s shareholders would be governed by its shareholders agreement and an LLC’s members by its operating agreement. For partnerships, in particular, it is important […]
It has been said that nothing in life is certain but death and taxes. This statement looks like it will continue to hold true; however, what is uncertain is what the estate tax will look like in the future. As many of you know, in 2001 President Bush changed the estate tax. However, his change […]
When attempting to manage an overwhelming amount of digital information, often referred to as “electronically stored information” or “ESI”, an organization must decide what information it values and should therefore preserve, and what information it can destroy in the interest of maintaining an efficient operating system. Businesses should establish document retention and destruction policies to […]
Employment agreements, in the most traditional sense, are contracts that require that the parties stay in the relationship for the specified term.Unless you have signed an agreement with a definite beginning and end date, you are an “at will” employee, which means you, or your employer, can terminate the relationship at any time, without liability, […]