Page 13 - MidJersey Business - September 2015

REAL ESTATE CROWDFUNDING
SHAKE SHACK SETS ROOTS DOWN IN BRIDGEWATER
The popular Shake Shack, famous for its tasty food and long lines, opened its first MIDJersey location earlier this year at The Village at Bridge- water Commons. The Bridge- water Shack is the chain’s third location in New Jersey—the others are located in Paramus at the Garden State Plaza and on Route 17 South.
BILL ADVANCES
Law would boost
investments in Jersey- Lbased entrepreneurs
Are you in denial
about succession
issues?
The issues of succession are both financial and emotional — a volatile mix that makes them easy to put off. But denial comes at a cost: Fewer than one- third of family-owned businesses survive into their second generation and many closely held companies don’t survive the loss of their founder.
At EisnerAmper, we urge you to plan early — like ten years early. We help you weigh all the likely scenarios and arrive at the right decisions, both for you and your company. So you’re not just passing the baton, you’re strengthening the business.
View our video series on transitioning your business at EisnerAmper.com/TRANSITION
Let’s get down to business.® eisneramper.com 732.243.7000
egislation originally introduced in 2013 by Sen. Joe Kyrillos to allow New Jersey residents to invest in Jersey-based companies, startups, innovators, and entrepreneurs
recently received final legislative approval. The bill, S-712/A-2073, would allow
people to engage in online crowdfunding within the state of New Jersey. It moved to Gov. Chris Christie for consideration.
“At a time when conventional sources
of financing are scarce, this legislation will help New Jersey’s innovators seek private capital from the investing public to develop their products or services right here in our state,” Kyrillos said. “Crowdfunding will level the playing field for future employers, giving those without access to Wall Street a chance to gain startup capital quickly and grow their business with the support of the community.”
The new legislation would allow Jersey- based entrepreneurs to seek up to $1 mil- lion in private investment in increments of up to $5,000 from unaccredited investors residing in New Jersey.
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