In an effort to combat money laundering and the funding of terrorism in the United States, the U.S. Department of Treasury has implemented the Corporate Transparency Act (“CTA”), which was enacted as part of the Anti-Money Laundering Act of 2020. The CTA is effective January 1, 2024 and will require…
Divorce attorneys are often asked the following question: “I am thinking about getting divorced. I own part of a family business. What should I be doing?” There are two questions to ask before answering. Do you have a buy-sell agreement? Talk of a buy-sell agreement among partners (and between family…
To the owners of family businesses, estate planning can sometimes be an after-thought. Owners are often so involved in building their business and managing its daily operations that they do not have time to devote to the planning that will become important when the owner is ready to hand over…
On December 17, 2020, the New Jersey legislature passed the Cannabis Regulatory, Enforcement Assistance, and Marketplace Modernization Act (the “Act”), providing the framework for legal adult recreational cannabis use in New Jersey. The Act lays out the ground rules for licensing arrangements for the cultivation, packaging, distribution, advertising, and retail…
After receiving numerous complaints about the complexity of the loan forgiveness application form under the Paycheck Protection Program, the SBA and U.S. Department of Treasury on June 16, 2020 approved simplified versions of the forgiveness application. The original loan forgiveness application was 11 pages long, but now many borrowers under…
Businesses need to prepare for the short and long term challenges that await as COVID-19 continues to impact the economy. Lindabury is collaborating with Spector & Ehrenworth, a well respected New Jersey bankruptcy and creditors’ rights law firm, to assist clients with challenges they may face, including customers and vendors…
Eric Levine, co-chair of Lindabury’s Cybersecurity and Data Privacy practice is quoted in a recent issue of NJBIZ regarding the growing digital threat often disguised as a legitimate-looking email. Eric says that when our firm receives an email in regards to a bank transaction, “We won’t cut a check against…
Robert Anderson was quoted in a recent article published by ROI-NJ regarding the current merger market. “What’s making deals successful right now is the fact that, when the acquisitions are made, it’s in the context of a very good economy,” he said. “Even if you don’t find that operations are…
In ROI-NJ’s recent article, Robert Anderson suggests the potential for the talk of trade wars to permeate other sectors of the economy, potentially adversely impacting other business segments. Worst case, this could make for a stifling of the free-for-all in business buying and selling that’s going on currently. To read…
Robert Anderson, chair of Lindabury’s Mergers and Acquisitions group was recently interviewed by ROI-NJ in regards to the recently increase in M&A activity. Bob has indicated that the the last nine months have been his busiest of the past 30 years. To read the full article online, click here.