When should you provide your social security number? State Farm asked us when sharing is required. State Farm contacted OlenderFeldman LLP to ask when sharing your social security number is appropriate: Think before revealing your Social Security Number (SSN). Its unauthorized use could lead to privacy invasion and identify fraud. Aaron Messing, an information privacy attorney…
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New Jersey Prepares to Adopt Version of Revised Uniform Limited Liability Company Act
Pending approval by Governor Christie, New Jersey will adopt a new set of laws pertaining to the formation and operation of limited liability companies. By Joseph Olender In 2011, the New Jersey Assembly proposed Bill No. 1543, which would change the way that limited liability companies (LLCs) in the state are created and operate. The…
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IRS Proposed Regulations Address Substantial Risk of Forfeiture Under IRC Section 83
The Internal Revenue Code (IRC) Section 83 governs property transferred to an employee in connection with the performance of services. Currently, the section states that such transfers of property (typically restricted stock or stock options) are subject to federal income tax when the property is no longer subject to a substantial risk of forfeiture; however,…
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The JOBS Act: A Summary of What it Means for Businesses
The Jumpstart Our Business Startups Act or JOBS Act, intended to encourage funding of United States small businesses by easing various securities regulations, was signed into law by President Obama on April 5, 2012. By Louis A. Zambrio On April 5, 2012, the Jumpstart Our Business Startups Act (“JOBS Act”) was signed into law. The…
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