FinCEN Beneficial Owner Reporting Must be Completed by January 13 for pre-2024 Companies
On December 23, 2024, the 5th Circuit Court of Appeals lifted the injunction that stayed the enforcement of the Corporate Transparency Act put into place by a federal judge in Texas. The result is that if you are required to file a Beneficial Owner’s Report with FinCEN by year-end (entities that were in existence prior to 2024), you must accomplish that filing no later than December 31 to avoid potential penalties.
Please call us if you have questions or would like assistance with a filing.
New Jersey Codifies the ABC Test: What the Independent Contractor Regulations Mean for Your Business
New Jersey has codified the ABC test for determining whether a worker is an employee or an independent contractor, effective October 1, 2026. For most New Jersey businesses, the test itself hasn’t changed. The state’s long-standing enforcement position is now codified, and businesses that have treated workers as independent contractors should assess their risk now. […]
Owe Between $3.4 and $7.5 Million? Why the New Subchapter V Debt Limit Matters Before You Ever Think About Filing
Congress is poised to significantly expand access to Subchapter V, the streamlined Chapter 11 process designed for small business debtors. If signed into law, the Bankruptcy Threshold Adjustment Act will permanently raise the Subchapter V debt limit to $7.5 million, more than doubling the current $3,424,000 cap and potentially making the streamlined process available to […]
New Jersey Hemp Deadline: What the New Senate Bill Means for Businesses
S-4635 would extend the State’s compliance timeline for intoxicating hemp products by one month, keeping New Jersey in step with federal hemp deadlines. On October 1, 2026, Senator Nicholas Scutari introduced Senate Bill 4635 (S-4635), a targeted but important amendment to New Jersey’s hemp regulatory framework that would move the New Jersey hemp deadline for […]
New Jersey Nuclear Task Force Convenes as State Accelerates Its Nuclear Energy Strategy
State launches a public information portal and opens a pathway for advanced reactors. New Jersey has taken another significant step toward expanding nuclear generation as Governor Mikie Sherrill convened the first meeting of the State’s Nuclear Task Force on October 1, 2026, and launched the new “Nuclear NJ” public information website. Together, these initiatives signal […]
New Jersey Rent Control Exemption: Failure to File No Longer Fatal?
Failing to file a rent control exemption notice with the municipal construction official did not, on its own, cost a New Jersey apartment building its exemption from local rent control. That is the central holding of a September 28, 2026 opinion from U.S. District Judge Madeline Cox Arleo in the closely watched Portside Towers litigation […]
Bipartisan American Affordability and Jobs Act of 2026: Federal Permitting Reform Bill Introduced in the Senate
What project developers, energy companies, manufacturers, and data center operators need to know. The Bipartisan American Affordability and Jobs Act of 2026, introduced in the U.S. Senate on September 30, 2026, is a federal permitting reform bill that would make sweeping changes to the federal environmental review and permitting framework governing energy, infrastructure, manufacturing, mining, […]
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