Attorneys that handle Business & Banking are:
The Business and Banking Practice Group of Mason, Griffin & Pierson, P.C. is committed to meeting the ever-changing and complex needs of today’s business community. Whether your business is large or small, the firm’s attorneys are skilled in the art of negotiation and in drafting complex and routine business documentation. The firm’s attorneys take a proactive approach to the practice of law to help ensure that the clients’ businesses are in compliance with today’s demanding regulatory environment. By understanding the business of our clients, focusing on their needs and expeditiously responding to their concerns, our goal is to provide effective and efficient legal counsel including representation in the areas of human resource and employee relations. Located in Princeton, the firm’s business and banking practice group attorneys serve clients in both Princeton and throughout central and northern New Jersey.
New Reporting Requirements: Effective January 1, 2024
On January 1, 2024 reporting requirements under the Corporate Transparency Act (“Act”), went into effect. The reporting requirements under the Act are intended to assist government in its effort to crackdown on nefarious actors using corporate entities to facilitate illegal activity.
Effective January 1, 2024 all businesses subject to the Act will have to report specific information on the company and certain individuals that own and/or control the company. These reports are designed to make it easier for the government to identify and hold accountable those who commit financial crimes on behalf of a company and to protect vital United States national security interests. For companies formed prior to January 1, 2024 and subject to the Act, initial reports must be filed by January 1, 2025.
For companies formed during 2024 and subject to the Act, initial reports must be filed within 90 calendar days after receiving notice from the state that the formation has become effective. For entities formed in 2025 and beyond, and subject to the Act, initial reports must be filed within 90 calendar days after receiving notice from the state that the formation has become
effective.
Following an entity’s initial filing, no annual filing will be required, however, an updated filing will be required for any change in information previously reported by the company or its beneficial owners, including any change with respect to who is a beneficial owner.
Compliance with the Act is mandatory for covered businesses and significant fines and penalties
(including incarceration) can be imposed for businesses and persons who fail to comply with the Act or that falsify information reported.
Mason, Griffin & Pierson is happy to guide you through this reporting process and answer any questions that you may have. Please do not hesitate to reach out if you would like our assistance in determining your reporting obligation (if any) and fulfilling any such obligation.
The Business and Banking Practice Group provides legal counsel in the following areas:
For college students, March may mean basketball tournaments and spring break; for college-bound high school students, March is typically the time to begin thinking with anticipation about college selection decisions. As families begin to plan for their child’s transition into college, there are many practical logistics to consider. One such item that should be on the top of the list is to ensure they are prepared to be on their own from a legal perspective. At Mason, Griffin & Pierson, we offer a program to counsel college students and their parents in such matters. To find out more, or to obtain information about scheduling a consultation, click here.
On January 1, 2024, reporting requirements under the Corporate Transparency Act ("Act"), went into effect. All businesses subject to the Act will have to report specific information on the company and certain individuals that own and/or control the company. Mason, Griffin & Pierson is happy to guide you through this reporting process and answer any questions that you may have. Please do not hesitate to reach out if you would like our assistance.
Congratulations to Sharon A. Dragan for receiving the Michael A. Pane Ethics In Government Award. The award was presented by the NJILGA at the New Jersey State League of Municipalities November convention. The Michael A. Pane Ethics In Government Award honors a municipal professional who exemplifies the highest standards of ethics and whose work has significantly enhanced the integrity of local government. November 2023 The Michael Pane Award, established by the Pane Family and the New Jersey State League of Municipalities, is given in honor of Michael A. Pane, Sr., who was the long-time editor of the Municipal Law Review, president and trustee of the New Jersey Institute of Municipal Attorneys, counsel to the New Jersey Association of Municipal Clerks, counsel to the League of Municipalities and author of the New Jersey Practice Series, Local Government Law volumes.
The Supreme Court of New Jersey appointed Elizabeth Zuckerman to serve on the District Ethics Committee for District VII (DEC VII) for a three-year term. The district includes Mercer County. August 23, 2023
We are pleased to announce the election of Paul M. Bishop to the Board of Directors, Mason, Griffin & Pierson, PC. Paul, one of the firm’s senior litigators, practices business, commercial, and general litigation, and represents clients in complex disputes throughout New Jersey’s state and federal courts. July 2023