Washington’s divisive political climate has led to many uncertainties in the future of the EB-5 Immigrant Investor Visa Program. Last week, the House and Senate passed a continuing resolution that prevented a government shutdown and provided for the extension of the investor visa program until December 22, 2017. As announced on Twitter, President Trump signed the continuing resolution minutes after it hit the Oval Office desk.» Read More
The Norris McLaughlin & Marcus Immigration Practice Group reminds all EB-5 Regional Centers that the annual regional center certification submission deadline for 2017 is December 29.
United States Citizenship & Immigration Services (USCIS) requires all EB-5 Regional Centers to submit a Form I-924A Supplement to Form I-924 at the close of each fiscal year. The filing serves to demonstrate that the EB-5 Regional Center remains eligible for the regional center designation. » Read More
Closely-held corporations are like marriages. When personalities mesh and goals are aligned, the family can prosper. When they don’t, you may end up in a nasty divorce. When beginning a new venture, however, too many clients overlook the possibility of such a divorce. Therefore, they forgo spending the time necessary to mitigate the possibility of future disputes. » Read More
Binge watching HGTV is my guilty pleasure. Those of you who suffer from the same vice, may have seen HGTV’s “Fixer Upper.” Well, the stars of the show are now defendants in a million-dollar lawsuit. So what happened? Allegedly, the star of the show, Chip Gaines, persuaded his two previous partners to sell their 1/3 interest in Magnolia Realty for $2,500 apiece. » Read More
The City of Allentown announced yesterday that it will be hosing a “Retail Mosaic” Competition, which is a Shark Tank-like competition that is aiming to open 10 new retail locations in Allentown. The winners of the competition will receive up to $15,000 in loans. Here are some important dates:
March 23 – Pre-application due – click here
April 8 – Full business plan and application due
Up to 20 applicants will be selected to “pitch” their business idea Shark Tank style
May 4 – Selected applicants will make their 10 minute pitches
Week of May 9 – Winners will be notified with the loan closings being held between the end of May and mid-June
Professionals, including me, will provide legal or other assistance to the selected entrepreneurs at free or reduced rates.» Read More
So much for “New Year, New Me.” It turns out the concept of a fresh start isn’t always the answer to moving forward in life. At least not when that entails the creation of a new corporate entity and the fraudulent transfer of assets from an original entity for the purpose of attempting to avoid liability. In fact, for the owners of Outlook Hong Kong and its successor Outlook Singapore, this version of a “fresh start” resulted in a $4.8 million verdict against them on claims of fraudulent transfer, breach of fiduciary duty, and interference in contractual relations.» Read More
Can you sue for negligence in Pennsylvania if your personal information is stolen by hackers as a result of a company’s data breach?
In a recent decision handed down in the Allegheny Court of Common Pleas, the Court dismissed a class action suit over a data breach. Judge R. Stanton Wettick, Jr., a judge whose trial court opinions are well-respected in the State of Pennsylvania, rejected an argument that the University of Pittsburgh Medical Center was negligent for failing to implement and monitor an adequate security system and for failing to properly detect a data security breach.» Read More
If so, then our upcoming seminar is a must for you.
John Lushis of Norris McLaughlin & Marcus and James Pauloski, Broker of Record will present a seminar entitled Negotiating Commercial Leases – A Real Estate Poker Game to landlords and tenants to help them understand their leases and what comes with them. The seminar will take place on Thursday, October 15th at our office in Allentown.» Read More
Since its passage twenty-five years ago, the Americans With Disabilities Act (“ADA”) has had a sizable impact on businesses both large and small. Although businesses are well-versed in the employment discrimination provisions of the ADA, which are contained in Title I, they must also be aware of the ADA’s accessibility requirements set forth in Title III.» Read More