The past few years have seen a rise in the popularity of the EB-5 Immigrant Investor Visa Program (“EB-5 Program” or “Program”). The Program has come more into focus as developers have begun exploring and using EB-5 funding for new projects. It was created by the Immigration Act of 1990, giving foreign investors the opportunity…
Public Company Accounting Oversight Board Inspection Brief On April 19, 2016, the Public Company Accounting Oversight Board (the “PCAOB”) issued a Staff Inspection Brief (the “Brief”) which gave the audit industry a preview of the results of the PCAOB’s 2015 inspections of auditors of brokers and dealers. Based on their observations, the PCAOB also gave…
“Time Has Come Today” – Late 1960’s Hit by The Chambers Brothers I saw a recent article in the NY Times where owners were lamenting their inability to buy out their partners. As one who has dealt with entrepreneurs for many years, I really empathized with some of these cases. It was particularly disappointing to…
The number of technology and biotechnology companies that operate in New Jersey increases continually. Undoubtedly, most of these companies operate “in the Red” for many years, relying on friends, family, and solicited funding for financial support. For these tech companies, an additional avenue for funding exists through the selling of NJ NOLs and R&D tax…
Share My Motivation to Run Lore Bilbao just completed “busy season” as an intern in WithumSmith+Brown’s Morristown Office. Lore is a senior at Fairleigh Dickinson University and was one of only two interns to sign up for our Withum 300 program. Here, she shares her story of what drove her to start running and how she…
On February 25, 2016, the Financial Accounting Standards Board (“FASB”) recently released its much-anticipated lease accounting standard, ASU 2016-02, Leases (Topic 842).While the ASU will probably not have a direct effect on the financial statements of a private equity fund, it may have a significant impact on the financial statements of the underlying portfolio company…
Withum’s Jay Shepulski, Honored With The 7th Annual Emerging Leaders Award By the M&A Advisor NEW YORK, NY April 18, 2016 – WithumSmith+Brown, PC (Withum), a top 30 public accounting firm in the country, is proud to announce that Jay C. Shepulski, Partner and Team Leader in the Firm’s Financial Service Group, was honored as…
Ten Reasons Sale Transactions Fail Comicus : “Dopus; I almost had the money in my hand” – dialogue from the movie History of the World Part I As followers of this blog know, I am a devout fan of Mel Brooks. I have found his spontaneous comments on bits such as the 2000 Year Old…
You Want to Start a Charity – Now What? You have this wonderful idea about how you can help others, and you want to start a public charity to accomplish your goal. Now what do you do? What do you need to know about creating a public charity? This article will discuss a few items…
In most states and depending on your auto insurance carrier, the answer is probably -yes. Auto insurance companies have been using a modified credit score for years in assessing the risk that an applicant will incur a loss. There have actually been a number of studies, including the University of Texas and the Federal Trade…