NJ Prompt Payment Act Compels Payment on Construction Projects After completing a construction project, contractors are often faced with the problem of collecting timely payment for approved work. In response to this problem, the New Jersey Legislature enacted the New Jersey Prompt Payment Act N.J.S.A. 2A:30A-2. This created a remedy to both general contractors and subcontractors when…

The Paycheck Protection Program Flexibility Act of 2020   The U.S. Senate passed, by unanimous consent, the House Bill 7010, The Paycheck Protection Program Flexibility Act of 2020.  The Bill must be signed by the President to become a law. The Bill provides more flexibility for small businesses who take out PPP forgivable loans.   Here…

Santomassimo Davis LLP  is proud to have been the official 2020 Law Firm Sponsor of Seton Hall University’s Pirates Pitch entrepreneurial competition!   In addition to providing pro bono Outside General Counsel™ services to the talented finalist teams, our lawyers hosted the Ask-A-Lawyer event to share some of the fundamental legal and regulatory concerns of entrepreneurial businesses.  …

Businesses with less than 100 full time employees might be about to get financial relief from their insurance companies, with an assist from the State of New Jersey. On Monday, the New Jersey assembly unanimously passed A-3844, a bill that would modify existing, in-force insurance policies to cover business income losses arising from the current…

As the coronavirus situation continues to develop, it is becoming clear that many businesses will have significant income losses. Some might be shut down for an extended time.  Many of those companies will look to their insurers for recovery, but the issue of insurance for these losses can be murky. If your company is dealing…

Employer Obligations Increased by New Jersey’s New WARN Act On January 21, 2020, Governor Phil Murphy signed into law Senate Bill 3170 amending New Jersey’s version of the federal Worker Adjustment and Retraining Notification Act (WARN Act) that increases New Jersey employers’ obligations to provide advance notice and severance to employees when conducting mass layoffs….

Prevent Wrongful Termination Claims With Progressive Discipline Terminating an employee may be necessary, but if your company does not have policies and procedures in place describing the methods you took to end an employment relationship, it could open you up to wrongful termination litigation.  At Santomassimo Davis LLP, we help clients develop progressive discipline policies…

What Federal Laws Protect Workers’ Rights? Both employers and employees in New Jersey are protected by laws that require certain standards in the workplace. These also apply to applicants of jobs. Employees are entitled to: Privacy The right to be safe from harassment and discrimination                     …

How Much Control Could An Investor Have Over Your Company Many businesses are formed through an idea shared between friends or associates who agree on a common ground for innovation. However, after launching your concept and dedicating a percentage to investors, problems may arise. So, how much control could an investor have over your company?…

When Do Unfavorable Business Practices Become Illegal Successful business management requires a keen eye for detail, a focus on innovation and a drive to succeed, but it’s also imperative to keep unfavorable business practices in mind. You likely understand the necessity of providing a safe, secure environment for employees. Yet, you should familiarize yourself with some…

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