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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Yahoo! Suffers Data Breach; More Than 450,000 User Names and Passwords Exposed
If your password looks something like “123456,” you might want to change it. By Alice Cheng Late Wednesday evening, hackers successfully breached Yahoo! security published a list of unencrypted emails and passwords. The list exposed the login information of more than 450,000 Yahoo! users. The hackers, who call themselves the D33D Company, explained that they obtained the…
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Data Breach Prevention and Remediation: How to Protect Your Company from Hackers and Internal Threats and Ensure Your Customer’s Privacy
All companies, big and small, are at risk for data breaches. Most companies have legal obligations with respect to the integrity and confidentiality of certain information in its possession. Information privacy and security is essential to protect your business, safeguard your customers’ privacy, and secure your company’s vital information. Recently, hackers gained access to…
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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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