Greetings. Here are your Articles for June 2019
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Must-Know Changes to
New Jersey's Leave and Benefits Laws for Employers
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Authored by,
Justin Schwam, Esq.
Nicole Espin, Esq.
On February 19, 2019, Governor Phil Murphy signed new legislation that significantly expands an employee’s right to paid and unpaid leave by amending the New Jersey Family Leave Act (“NJFLA”), the New Jersey Family Leave Insurance Law (“NJLFI”), and the New Jersey Security and Financial Empowerment Act “NJ SAFE Act”). Many provisions of these amendments go into effect July 1, 2019, while others take effect in July 2020.
This article highlights the most notable changes that employers must be prepared to address by reexamining and revising their handbooks, policies and procedures to ensure compliance with these changes to the law.
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Valuing a Medical Practice and
Physician’s Consideration of Next Steps
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Authored by,
Monica Kaden, ASA, ABV, CHFP
Sobel Valuations, LLC
Many physicians who have established medical practices reach a point when he or she starts to think about exit strategies and possibly selling their practice. The physician has a lot of options to consider, some of which are listed below:
- Hire a younger physician who will eventually buy the owner out.
- Sell to a larger healthcare organization such as a large medical group or a hospital system that employs physicians (or has other arrangements).
- Potentially be part of a roll up into a large medical super group typically put together by private equity.
Many physicians know that they have value in their practice and want to make sure they find the optimal situation for exiting the practice they have worked hard to develop. An appraiser can assist the physician by performing a business valuation of the practice.
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Rebecca B. Fitzhugh, CPA, CFF, CFE, CIT, CIGA
Member of the Firm, Forensic Accounting/Litigation Services
Rebecca Fitzhugh is a Member of the Firm in Forensic Accounting/Litigation Services and has over eighteen years of experience in forensic accounting, litigation services, and public accounting. She has served clients in industries including government, construction, manufacturing, commercial real estate, nonprofit and retail. Ms. Fitzhugh led the 1 World Trade Center Integrity Monitoring team for the firm and also played a key role in the management of the joint venture through which the firm participated in this project. She has provided expert witness testimony and expert reports in a number of shareholder disputes and other forensic accounting matters.
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Frank Merenda, CVA, ASA, BCA, CMEA, MBA, MSChE
Managing Director, Sobel Valuations LLC
Prior to being named as the Managing Director of Sobel Valuations LLC, a wholly owned subsidiary of SobelCo, Frank L. Merenda served as the President and CEO of EAC Valuations, LLC. Beginning in May 2007, under Frank’s guidance and vision, the firm developed a well-recognized brand as a leader in the valuations community. EAC, formerly known as Enterprise Appraisal Company, provided in-depth and trusted appraisals and valuation reports since 1971, managing engagements around the world and across the street, completing nearly 14,000 appraisals for clients ranging from multi-national, multi-billion dollar Fortune 100 companies and financial institutions, to privately-held, local manufacturing and services companies.
Frank has been certified to provide machinery and equipment, inventory, intangible asset and business entity appraisals including valuation of patents, IPR&D, trade names and trademarks, and proprietary technology, both as stand-alone valuation assignments, and part of a purchase price allocation.
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SobelCo. | 973-994-9494 | SobelCoLLC.com
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