Can You Receive Workers' Compensation Benefits for PTSD? A Workers' Compensation Lawyer Elaborates

Saffren and Weinberg - Personal Injury Attorneys

Jenkintown's Marc Weinberg of Saffren & Weinberg has been handling workers' compensation cases for decades.

Workers often think that PTSD is not something they can have or that it is not covered because it is not a discrete, single accident or illness.”

— Marc Weinberg, Partner

JENKINTOWN, PENNSYLVANIA, UNITED STATES, July 31, 2018 /EINPresswire.com/ — Workers’ compensation provides important benefits, like medical care and compensation for missed work and lost wages, for people who suffer from work-related injuries or illnesses. Workers are not always aware that this coverage expands beyond simple physical injury like a fall at work. Workers’ compensation claims can be for a wide variety of traumatic events, injuries, and illnesses, like chemical exposure and work stress-related medical problems.

One commonly overlooked illness that workers may be entitled to file a workers’ compensation claim for is Post-Traumatic Stress Disorder, more commonly referred to by the acronym PTSD. Workers often think that PTSD is not something they can have or that it is not covered because it is not a discrete, single accident or illness.

The following information provides a general overview to clear up some of the misconceptions about workers’ compensation for PTSD:

Understanding PTSD

The National Institution of Health (“NIH”) describes PTSD as a mental health condition or disorder, comprised of a number of different types of symptoms, that some people develop after experiencing a “shocking, scary, or dangerous event.” The duration and severity of PTSD vary from person to person as does the triggering event.

The triggering event leading to PTSD does not have to have an immediate negative physical impact on the person. For example, someone might suffer from PTSD after the sudden death of a close family member or after a home invasion even though they were not physically harmed.

There is no single list of symptoms for PTSD and there are many different physical and psychological symptoms that PTSD can cause, ranging from vivid flashbacks to being easily scared to uncharacteristic bursts of anger to vomiting. The many PTSD symptoms are divided into four different categories: re-experiencing symptoms, avoidance symptoms, arousal and reactivity symptoms, and cognitive mood symptoms. A PTSD diagnosis usually requires at least one symptom in each category and continuation of symptoms for at least one month.

PTSD Affects Everyday Individuals

One common misconception about PTSD is that it only impacts war veterans. The most publically known and severe cases of PTSD have been in relation to war veterans, police officers, first responders and others who engage in daily activities that routinely put them into traumatic events. There is an epidemic of PTSD in this country among veterans, but everyday individuals from construction workers to customer service reps at an insurance company may also suffer from PTSD. It is a mental illness that can be exacerbated by a workplace incident and turn into a long term workplace injury.

It is not uncommon for PTSD symptoms to be overlooked or downplayed because the individual does not think they could suffer from it or that their trauma or psychological injury was bad enough. This is not the case. PTSD is a very serious medical condition that can continue to worsen and negatively impact an individual’s health and well-being if untreated. If you think there is a possibility that you are suffering, you should take steps to obtain medical treatment immediately.

Workplace-Related PTSD

Once PTSD is understood, it is easy to see how workplace events and environments can cause PTSD. There are two different ways that PTSD can arise from work: (1) Something scary, traumatic, or dangerous happens at work leading to PTSD from the event; or (2) Something scary, traumatic, or dangerous occurs outside of work but was triggered by something at work. No matter the exact cause of the PTSD, it must be “work-related” to be covered by workers’ compensation and qualify someone for disability benefits. A company's insurance carrier will need medical evidence to verify you are an injured worker entitled to workers' comp benefits.

PTSD arises from a person’s natural, but harmful, reaction to an event, not from the harm the event itself causes. Accordingly, both persons harmed in traumatic workplace events and those who are not harmed by the event itself but by their reaction to it may be entitled to workers’ compensation benefits from PTSD.

All situations are unique and warrant review by an experienced work injury lawyer, however, the following are a few examples of common types of workers’ compensation claims based on PTSD that have succeeded:

Witnessing a Violent Death at Work – PTSD often arises after a person has witnessed a violent death in the workplace. It is common in law enforcement officers who are exposed to violence as a part of their job. Unfortunately, other professions like teachers and administrators sometimes experience violence, in the form of shootings, at work as well and may suffer from PTSD as a result.

Injury in a Traumatic Work Accident – Actual injury resulting from a workplace accident can lead to PTSD in addition to the other physical harm caused by the accident. For example, a worker that suffers from a severed thumb when a piece of machinery malfunctions may continue to suffer from PTSD from the trauma of the event long after they have obtained the maximum medical recovery of their thumb and hand.

Witnessing a Traumatic Work Accident – As noted above, it is not just being injured at work that can lead to PTSD. Persons who observe a serious traumatic accident at work, like a co-worker suffering from a limb dismemberment, may also suffer from PTSD as a result and, if they do, they are entitled to pursue workers’ compensation as well.

A Near-Miss that Could Have Resulted in Death or Serious Harm – Even if no one is harmed, a situation that almost results in serious bodily harm or death is a common cause of PTSD symptoms in those present at the event. For example, a shooting that occurs at work where the assailant misses all shots could cause those present to experience PTSD symptoms after the event. Or another example, a portion of a building collapses on a construction site and narrowly misses falling on workers could lead to PTSD in the nearby workers.

Being Trapped – Mine workers, or any other worker that is trapped in a confined space at work, may suffer from PTSD as a result even if no physical harm occurred. This type of confinement is a very traumatizing event for many people.

PTSD Alone Not Enough for Workers’ Compensation

Unfortunately, merely suffering from work-related PTSD is not enough to obtain workers’ compensation. The PTSD must be severe enough to impair your ability to fulfill your job duties. If you are suffering from work-related PTSD but still able to function at 100% of your former level at work, you probably will not be able to obtain workers’ compensation for your PTSD. However, for your future health and well-being, you should still make sure to be seen by a medical provider to obtain treatment for your PTSD.

Pursuing a Workplace Related PTSD Claim

As with all workers’ compensation claims, when pursuing your PTSD claim, it is important to obtain medical evaluation and diagnosis regarding your PTSD claims, provide your employer with notice of your claims (which can be trickier since PTSD cannot always be tracked to an exact start date), and to complete all required employer and government paperwork.

PTSD workers’ compensation claims are some of the more difficult claims to pursue because of the nature of the disorder and the fact that the law on the issue is still evolving and not always clear. For this reason, it is usually prudent to find a work injury lawyer to help ensure you don’t lose the opportunity to obtain the benefits you are entitled to.

Marc Weinberg, Lawyer, of Jenkintown and Ken Saffren, Attorney are named partners at Saffren & Weinberg which is located in Jenkintown, PA. The team works tirelessly to help improve the situations and lives of victims that have been involved in auto accidents and suffered personal injuries. The firm is known as "The People's Voice In Court" and they make themselves available via email on the website or by phone 215-576-0100. They provide a no-charge, complimentary case review and are more than happy to answer any questions that you may have.

+++++ Disclaimer +++++ This press release is considered advertising and does not constitute any client-attorney privilege and does not offer any advice or opinion on any legal matter. This release was drafted by Results Driven Marketing, LLC: a full-service, award-winning digital marketing, public relations, advertising and content marketing firm located in Philadelphia, PA

Marc Weinberg, Partner
Saffren & Weinberg
215 576-0100
email us here


Source: EIN Presswire

Bankruptcy Lawyer Discusses All of Trump's Bankruptcies

Philadelphia Bankruptcy Attorneys

Michael A. Cibik, Esq. of Philadelphia's Cibik & Cataldo Discusses Takeaways from Trump's Multiple Bankruptcies

Declaring bankruptcy is a smart move to keep your company in business. It's also a way to make it more efficient, too.””

— Michael A. Cibik, Partner

PHILADELPHIA, PENNSYLVANIA, UNITED STATES, July 31, 2018 /EINPresswire.com/ — Any business person will tell you that declaring bankruptcy is a common practice. Now when we say bankruptcy, we are talking about a business bankruptcy and not a personal bankruptcy. This is how a business is able to stay afloat unless the owner decides to sell it. It’s is a way for a business owner to only get penalized for their business mistakes. This type of bankruptcy does not touch any personal assets, such as a car or a home. Instead of a personal fresh start, like a Chapter 7 or Chapter 13 bankruptcy, the business can start over.

With Donald Trump, his bankruptcies were not personal (Chapter 7); they were corporate. Trump himself did not declare bankruptcy – his bankruptcy lawyers did. His bankruptcy lawyers know bankruptcy law to the “nth” degree. They know how to negotiate payment plans with creditors. Once consulting his bankruptcy lawyers, Trump, the business owner, had to do the following:

– reorganize the company;

– repay corporate debts through a payment plan;

– develop a corporate budget; and

– get the payment plan and budget approved by the creditors and the bankruptcy court.

So, when it comes to Trump’s bankruptcies, they are much less painful than those given to the average business owner. The average business owner does not have expensive assets that they can just sell off to make loan payments. They do not get more time to make payments or have the ability to negotiate their stake in a company. However, Donald Trump’s business experience and equity allowed him the ability to do this for his companies. So, what happened each time Donald Trump declared bankruptcy?

Trump’s companies have declared bankruptcy six times:

Trump Taj Mahal 1991 – ($3 billion in debt) Trump financed the construction of the Atlantic City casino with junk bonds. However, he was unable to pay the high interest rates. This was the only time he had a personal debt – $900 million dollars. Although it was a corporate bankruptcy, he decided to sell off Trump Shuttle Airline and his Trump Princess 220-foot yacht to reduce his personal debt. Trump ended up losing 10% stake in the casino.

Trump Castle 1992 – $338 million in debt) Also in Atlantic City, Trump Castle was a hotel-casino. This location went bankrupt due to an inability to make proper payments on bonds. Trump filed for Chapter 11 protection and gave up a 50% share in exchange for better terms on the debt.

Trump Plaza Casino 1992 – ($550 million in debt) This Trump hotel and casino location in Atlantic City also went bankrupt due to an inability to make proper payments on bonds. Trump filed for Chapter 11 protection and gave up a 50% share in exchange for better terms on the debt.

Trump Plaza Hotel 1992 – ($550 million in debt) He gave up a 49% stake in the New York City hotel. He remained the CEO but had to give up his salary.

Trump Hotels and Casino Resorts 2004 – ($1.8 billion in debt) Trump established a publicly traded company called Trump Hotels and Casino Resorts. This entity consolidated Trump Taj Mahal, Trump Castle, and Trump Plaza. Because of this, he considers the bankruptcies of these three establishments as one bankruptcy. He sought Chapter 11 bankruptcy protection and reduced his ownership from 47% to 27%.

Trump Entertainment Resorts 2009 – ($1.2 billion) After Trump Hotels and Casino Resorts went bankrupt in 2004, Trump Hotels and Casino Resorts was renamed as Trump Entertainment Resorts. The entity ended up needed Chapter 11 bankruptcy protection with the understanding that Trump’s ownership would be reduced again to 10% and he would resign as chairman of the board. The bankruptcy was due to a missed bond interest payment.

"Declaring bankruptcy is a smart move to keep your company in business," says Cibik. "It's also a way to make it more efficient, too."

As you can see, the main result is that Trump’s stake in these bankrupted companies was reduced. He had effectively distanced himself from them. The only time Donald Trump had personal debt was in 1991. Yet, it was no big deal to sell off his airplane and yacht. The majority of us cannot do this. After this bankruptcy, Trump learned to stop using his own wealth to back loans. He even admitted to using the bankruptcy laws to his own advantage. He also used his name to leverage his percentage of reorganization equity. It would have cost more to remove his name and rebrand, which is why the stakeholders decided to keep it. And if his name wasn’t attached to the properties, people would not associate him with bankruptcies.

The main goal of a business bankruptcy to reorganize the business. Donald Trump has managed to create benefits, such as publicity and making money – even though he reduced his stake, the businesses still brought in money. And as much as we would like to blame Trump for his casino bankruptcies, the struggling gaming industry of the 1990s played a large part in their downfall. Trump still had many successes in real estate investments in Manhattan and building projects.

Using Bankruptcy to Stay in Business

We have learned that Donald Trump has declared bankruptcy several times and came out relatively unscathed. He and his team of bankruptcy lawyers know how to play the corporate game. Trump was able to use his own assets to reduce his debt – only once. The rest of us aren’t so lucky. However, it’s a smart move to keep your company in business. It’s also a way to make it more efficient too.

About Cibik & Cataldo:

For the last 35 years, Philadelphia, Pennsylvania debt-relief law firm Cibik & Cataldo, P.C., has provided cost-efficient, superior, and value-oriented legal services to thousands of clients in Philadelphia County and the surrounding areas of Delaware County, Montgomery County, Chester County and Bucks County.

Cibik & Cataldo, P.C., is fully-staffed and concentrates solely on consumer and business bankruptcy matters. The firm does not represent banks, finance companies or insurance companies: only individuals, small business owners, and their claims.

+++++ Disclaimer+++++ This press release is considered advertising and does not constitute any client-attorney privilege and does not offer any advice or opinion on any legal matter. This release was drafted by Results Driven Marketing, LLC, a digital marketing, public relations, advertising and content marketing firm located in Philadelphia, PA

Michael A. Cibik, Partner
Cibik & Cataldo
2156003540
email us here


Source: EIN Presswire

How Long Does a Patent Last and What Do Different Types Entail? An IP Lawyer Explains.

Trademark & IP Attorneys

Intellectual Property Attorneys

Your intellectual property rights are protected when you obtain a patent. But for how long?

‘How long does a patent last’ is a fairly common question and is difficult to get a straight answer for without seeking legal advice from a law firm or the U.S. patent office itself.”

— Alex R. Sluzas, Esq.

PHILADELPHIA, PENNSYLVANIA, UNITED STATES, July 31, 2018 /EINPresswire.com/ — There are two primary types of patent: U.S. utility patent and a design patent. According to the United States Patent and Trademark Office (USPTO) a utility patent is typically granted for 20 years from when the utility patent application is filed. The patent holder will have to pay periodic maintenance fees to sustain the enforceability of the patent. A design patent is generally granted protection for 14 years measured from the date the design patent is granted.

What is a Patent?

A patent is a term a new variety of people have questions about almost every day. While most people are aware that patents are an integral part of intellectual property rights, not everybody is aware of the facts or can even claim to know in depth what one is. According to Wikipedia, "A patent is a set of exclusive legal rights granted by a sovereign state or intergovernmental organization to an inventor or assignee for a limited period of time in exchange for detailed public disclosure of an invention. "

More Information About How Long a Patent Lasts

The news about the tech giant Apple winning a Patent infringement war over its rival Samsung made headlines in 2016. However, in this landmark patent issues litigation, Apple was only awarded about $120 million instead of the whopping $2.2 billion it originally claimed. The matter was decided by the courts in accordance with 'Section 289 of the US Patent Act.'

The exclusivity for the producing or using the concerned product that is patented, its process, or design is limited for a period of time. The details of patent protection are conveyed via a legal patent letter.

How long does a patent last’ is a fairly common question and is difficult to get a straight answer for without seeking legal advice from a law firm or the U.S. patent office itself. It is important to know about various kinds of intellectual property protection before you can find the correct reply to this subject matter. Remember that the law of the United States of America recognizes a number of different patents at present. Each of them remains valid for a stipulated period of time.

Before you are granted patent rights and become a patent owner, there are quite a few things to consider as you begin to understand how long are patents good for, including earliest filing date, non-provisional application versus provisional patent application, provisional filing date, patent extensions, public domain and any third parties IP rights.

Type of Patent

Knowing about the US Patent law happens to be the very first step to learn how long is a US patent good for. Each kind varies sharply depending on the nature of the patent. A design patent remains in force for as long as 14 to 15 years from the date that it had been granted the right. It depends on the date of filing as well. However, most individuals are interested in the utility kind when they expect an answer to the query of how long do patents last.

In the United States, a utility patent is granted for processes, compositions, and machines. This is also the most common type of patent filed and is valid for 20 years, which answers the most often asked question about the validity of a patent. However, the period is assessed from its first filing date. The matter gets intensely complicated if you have chosen to file for the patent multiple times.

Filing Date

The date of filing is all important here. Remember that each filing date is included in the records made available publicly. Going through the databases that are available to the public would give you access to the date that had been recorded by the patent office at the time of filing. It is easy to calculate the validity of the patent therefore once you are apprised of the filing date of a specific patent. Unfortunately, there is no restriction on filing and, a single patent can be filed on several occasions making the calculation slightly complicated.

Provisional Patents

Applying for a provisional patent is a common way of securing the filing for a utility patent. Think of it as the first step of the patent protection process. In fact, many companies, as well as individuals, opt for a provisional patent so as to include an informal provisional patent application on file. This will allow you a breather of up to a year.

You can use the time effectively to fine tune your products and machines. You are also welcome to find investors and create prototypes for your creations meanwhile. The process may be advantageous to a certain extent but comes with certain drawbacks as well.

The validity of your patent will be counted from the earliest date, i.e., the date of provisional application. The patent will be due to expire a year in advance, therefore. You must thus be sure of taking the right date into consideration while calculating the validity of the patent.

Pending Patents

Many people are familiar with the phrase "patent pending," but what does that actually mean?

The life of your patent is limited of course but the period of 20 years may be further reduced due to its pending status. The first filing date happens to be pivotal as the entire process will be hinged on it.

Although your patent remains valid from the date mentioned yet, you will not be able to enforce it until and unless the patent office issues it for you. Fortunately, you will be awarded a ‘patent term extension’ should an unnatural delay in claims occur due to a fault of the patent office.

If you've been searching for "patent lawyers near me" then look no further. Paul and Paul is the premier patent attorney you are looking for. We can help you with your patent questions and issues! Contact us today at (866) 975-7231 for a free case consultation.

+++++ Disclaimer+++++ This press release is considered advertising and does not constitute any client-attorney privilege and does not offer any advice or opinion on any legal matter. This release was drafted by Results Driven Marketing, LLC a digital marketing, Public Relations, advertising and content marketing firm located in Philadelphia, PA

Alex R. Sluzas, Esq.
Paul & Paul Intellectual Property Attorneys
215-568-4900
email us here


Source: EIN Presswire

Closet Outlet to Launch New Storage Solutions at IWF Lockdowel Booth 8073

Closet Outlet Revolving Closets turn to give additional storage space. Easily assembled with Lockdowel invisible, snap-in fastening.

New Revolving Closet Systems by Closet Outlet Showcased at IWF Atlanta Aug 22-25 in Lockdowel Booth 8073

Lockdowel fasteners give the units smooth, invisible connections–and when assembled it challenges a seasoned carpenter to wonder how the cabinet was constructed.”

— Andy Patel, Closet Outlet Owner

ST. CLOUD, FL, UNITED STATES, July 31, 2018 /EINPresswire.com/ — Closet Outlet will show off their newest and highly functional space saving modular storage solutions, featuring the Revolving Storage System by Lazy LeeTM, in Lockdowel Booth 8073 at IWF Atlanta, August 22-25. Closet Outlet uses the Lockdowel simple fastening system to assemble the Revolving Storage Systems and the shelving around them in about an hour.

“Utilizing Lockdowel fasteners the core load bearing structure is not only easy to assemble, but also secure and stable in its daily use,” Andy Patel President and Owner of Closet Outlet says. “Lockdowel fasteners give the units smooth, invisible connections, and when assembled it challenges a seasoned carpenter to wonder how the cabinet was constructed.”

The unique designs of the Revolving Closet Systems require fasteners that have structural stability as the product is a stand-alone unit. “We gain panel to panel and overall structural locking using the Lockdowel fasteners,” Patel says. “With the fasteners totally concealed and the sturdy structural stability of the entire unit, the finished product behaves as if it was made from a single piece.”

Closet Outlet offers 62 different versions of the Revolving Storage System in two heights and four standard colors. Pantry, garage, and closet storage systems range from 27.5 to 42 inches in diameter and standard heights of 85.5 and 92.75 inches. Any height up to 12 feet tall is available.

The Revolving Storage Systems by Lazy Lee are built with a stabilizing dock alleviating the need to anchor the spinning storage units to the floor—while keeping the units stable and able to hold unbalanced loads. The most popular Elite Series, 38.5 inch diameter unit, weighs 300 pounds for shipping. It is made from standard white Melamine with a smooth satin finish. Almond, grey and cocoa colors are offered as standards. Closet Outlet will also manufacture these units in any flavor make, color, or texture of panel material.

With Lockdowel glue-less, tool-less assembly the systems are flat-packed in just one crate, designed by Patel. This reduces shipping costs and ensures the integrity of the product. The most popular Closet Outlet storage system sells for $1,085 but can be purchased for $650 per unit with bulk shipments.

About Closet Outlet
Closet Outlet is fully licensed and mass manufacturers the Revolving Storage System Units by Lazy LeeTM. These rotating cabinets, shelving and hidden storage solutions are manufactured in the leanest, most cost efficient ways so all price savings are passed to customers. From seven walls of a single closet, to one corner, Closet Outlet can fill the storage needs for 100 homes, 500 apartments or just one home. For more information contact: Andy Patel, Closet Outlet, — 1408 Hamlin Avenue, St. Cloud, Florida. 34771, Andy@Patsons.com Off: (407) 777-3838 or Cell: (407) 505-0865 https://closet-outlet.com

About Lockdowel
Lockdowel provides simple manufacturing, assembly, and installation solutions for cabinets, furniture, closets, and architectural millwork. Patent pending. Lockdowel 41920 Christy Street, Fremont, CA 94538 , (650)477-7112 www.lockdowel.com

Mary Lynn B Heath
Mary Lynn Heath, PR
405.641.9733
email us here

Lockdowel fastening for closets can be assembled quickly and disassembled for mobility–then assembled again!


Source: EIN Presswire

Thru Named a Niche Player in the Gartner Magic Quadrant for Content Collaboration Platforms

Thru Named Niche Player in Gartner Magic Quadrant 2018 for Content Collaboration Platforms

Collaboration Platforms
Thru positioned in the Niche Players quadrant for the fourth consecutive year

To us, Thru’s unlimited innovation, no-limits commitment, delivering tailored solutions for the most demanding use cases is a Niche Players quadrant quintessential.”

— Lee Harrison, CEO and Founder of Thru.

IRVING, TX, UNITED STATES, July 31, 2018 /EINPresswire.com/ — Thru, Inc., one of the leading file transfer and collaboration platform solution providers, announced today that it is has been named a Niche Player in Gartner’s 2018 Magic Quadrant for Content Collaboration Platforms marking the fourth consecutive year of being included in this Quadrant. In our view, Thru’s placement in the Niche Players quadrant reflects its laser-sharp focus of meeting complex file exchange and content collaboration requirements in this market.

“At Thru, we rely on the core of our technology ecosystem, the Thru File Exchange and Collaboration Platform, to solve unique and challenging file sharing issues in a competitive, over financed, 100-plus vendor CCP market. To us, Thru’s unlimited innovation, no-limits commitment, delivering tailored solutions for the most demanding use cases is a Niche Players quadrant quintessential,” stated Lee Harrison, CEO and founder of Thru.

Gartner’s Magic Quadrant recognizes vendors in the content collaboration platform (CCP) market which “covers a range of products and services that enable content productivity and collaboration.”
Thru's File Exchange and Collaboration Platform is based on a service-oriented architecture (SOA) with extensive APIs for integrating with multiple repositories and applications. File transfer speed and performance is augmented by Thru's OptiSPEED™ high-speed transfer and OptiBAND™ bandwidth management technologies. Thru’s 360-degree access focuses on collaboration, workflow and mobile productivity. Multiple analysts cover Thru’s range of solutions including:

• The Forrester Wave™ – : Enterprise File Sync And Share Platforms — Cloud Solutions, Q4 2017
• 451 Research – “Thru drives network optimization and content automation in parallel”
• Market Deeper Research – Enterprise File Sync and Share Report 2018 – 2024
• XPLOREMR – Global Enterprise File Sync and Share status and Forecast 2025

To receive a complimentary copy of the report, go here.
• Read more: Thru’s blog
• Learn more: Thru File Exchange and Collaboration Platform
• Follow Thru on LinkedIn and Twitter

*Gartner, Magic Quadrant for Content Collaboration Platforms, (Monica Basso, Michael Woodbridge, and Karen A. Hobert) July 9, 2018.

Disclaimer: Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About Thru Inc.

Thru’s File Exchange and Collaboration Platform, with its expansive integration capability and global presence, unshackles the limits on the most challenging Managed File Transfer, Software Delivery and Content Collaboration requirements on a single platform. Visit Thru Inc. or contact sales@thruinc.com

Blake Pritchard
Thru Inc
8172402430
email us here


Source: EIN Presswire

Business attorney Frank Lauletta comments on opportunities for investors in New Jersey based on the Tax Cuts & Jobs Act

Frank Lauletta, Partner at the Law Firm Lauletta Birnbaum

Frank Lauletta, Partner at the Law Firm Lauletta Birnbaum

Website of Lauletta Birnbaum, Frank Lauletta, Partner

Website of Lauletta Birnbaum, Frank Lauletta, Partner

Frank Lauletta, Attorney Profile at solomonlawguild.com

Frank Lauletta, Attorney Profile at solomonlawguild.com

Lauletta Birnbaum, Attorney Frank A. Lauletta

Lauletta Birnbaum, Attorney Frank A. Lauletta

Office of Lauletta Birnbaum, Frank Lauletta, Partner

Office of Lauletta Birnbaum, Frank Lauletta, Partner

The Tax Cut & Jobs Act provides changes and incentives that could create opportunities for New Jersey real estate investors, comments attorney Frank A. Lauletta

Lauletta Birnbaum LLC (N/A:N/A)

… although I doubt that this Act will … cause many real estate investors to enter into new markets …, those investors already active in these opportunity zones may be incentivized …”

— Frank Lauletta, Attorney at Lauletta Birnbaum

PHILADELPHIA, PENNSYLVANIA, UNITED STATES, July 30, 2018 /EINPresswire.com/ — The Tax Cuts and Jobs Act of 2017 was enacted on December 22, 2017. Explains attorney Frank Lauletta: “The Tax Cut and Jobs Act provides changes and incentives that could create opportunities for New Jersey real estate investors. For instance, the Act imposes a $10,000 cap on the itemized deduction of state and local income and property taxes, in many cases making home ownership more expensive than renting. This could result in greater rental demand especially in states such as New Jersey where property taxes are so high. This would obviously be a benefit for apartment investors.”

Mr. Lauletta then focuses on the tax breaks that are afforded to investors under the Act. The Act included Internal Revenue Code §1400Z, which provides tax incentives for investments in qualified Opportunity Zones through investment vehicles called Qualified Opportunity Funds. These funds are designed to encourage investments into low-income communities, which are designated by the state as Qualified Opportunity Zones.

Within each state the number of Qualified Opportunity Zones may equal up to 25 percent of the number of low-income communities within that state. However, if there are less than 100 low income communities, than a total of 25 tracts may be designated as Qualified Opportunity Zones. Up to five percent of the tracts designated in a State may be non-low-income communities if the tract is both contiguous with the low-income community and the median family income of the tract does not exceed 125 percent of the median family income of the low-income community. In New Jersey, there are 169 opportunity zones, which in southern New Jersey include Camden, Deptford, Woodbury, Lindenwold, Pine Hill, Carneys Point, Egg Harbor City, Glassboro, Salem, Vineland, Egg Harbor Township, Bridgeton, Millville, Pleasantville, Atlantic City, Somers Point, Lower Township and Wildwood. [FN1]

If an investor realizes a gain from a sale or exchange of a capital asset from an unrelated party, the investor may defer realization and taxation if, within 180 days from the date of such sale or exchange, the investor reinvests the gain amount with a cash investment into a Qualified Opportunity Fund. A Qualified Opportunity Fund is an investment vehicle that must hold at least 90 percent of its assets in designated Qualified Opportunity Zone properties. Opportunity zone property means property which is an opportunity zone stock, an opportunity zone partnership interest, or an opportunity zone business property. A qualified opportunity zone business property means tangible property used in a trade or business if (i) such property is acquired after December 31, 2017, (ii) the fund substantially improves [FN2] the property, and (iii) substantially all of the use of the property is in a Qualified Opportunity Zone.

Mr. Lauletta explains: “The tax advantages are three-fold. First, the tax that would otherwise be payable in connection with the sale of the prior capital asset is deferred until either the opportunity investment is sold or exchanged or December 31, 2026, whichever date comes first. As part of the deferral, the basis assigned to the replacement Qualified Opportunity Zone property of course starts at $0, however, the second advantage allows this basis to increase based upon the duration of the investment in the Qualified Opportunity Fund. If the investment is held for at least 5 years, the basis will increase by 10 percent of the amount of gain deferred. If the investment is held for at least 7 years, the basis will increase an additional 5 percent or 15 percent of the deferred amount in total. The third tax advantage is realized if the taxpayer holds Opportunity Zone Property in the Opportunity Fund for at least 10 years. If this is the case, then the basis of the Opportunity Zone Property will be the fair market value on the date it is sold. This means that no additional capital gains tax, beyond what is due on December 31, 2026, will be due when the taxpayer sells the Opportunity Zone Property.”

Mr. Lauletta concluded that “although I doubt that this Act will in and of itself cause many real estate investors to enter into new markets they are currently not invested in, those investors already active in these opportunity zones may be incentivized to expand their investment activity.”

About Lauletta Birnbaum

Lauletta Birnbaum has offices in Sewell, NJ and Philadelphia, PA and provides a full spectrum of corporate, transactional, and litigation services to businesses and individuals throughout the country in various industries such as real estate, construction, insurance and banking, intellectual property, software and licensing, data, and media. Designed to maximize flexibility and value, the firm offers real-world business strategy and legal expertise, often serving as outside general counsel to its clients. To learn more, visit http://lauletta.com/

Frank Lauletta was selected as a finalist for “Attorney of the Year” by SmartCEO‘s Power Players Awards (2014), http://smartceo.com/2014-philadelphia-power-playersfrank-lauletta/ and selected as a “Best Attorney in Business” by South Jersey Biz magazine (2014, 2015), http://www.southjerseybiz.net/articles/?articleid=879, http://southjerseybiz.net/articles/?articleid=1061

[FN1] The following link contains a map of the New Jersey Designated Opportunity Zones:
https://www.state.nj.us/dca/divisions/lps/pdf/Statewide_Designated_Opportunity_Zones_Map.pdf

[FN2] “Substantially improves” means that the investor must invest an amount equal to or greater than the cost to initially acquire the property. In other words, at least 50% of the total investment amount must be used toward improving the property.

Caitlin Mattera
Lauletta Birnbaum
856.232.1600
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CBS This Morning News Report “How the tax bill will affect the returns of three American families”


Source: EIN Presswire

California Mesothelioma Victims Center Now Urges a US Navy Veteran with Mesothelioma to Call for Direct Access to the Nation's Top Attorneys Who Consistently Overachieve on Compensation Results

If you want to receive the very best possible mesothelioma financial compensation you need direct access to some of the nation's most skilled mesothelioma attorneys ”

— California Mesothelioma Victims Center

NEW YORK, NEW YORK, USA, July 30, 2018 /EINPresswire.com/ — According to the California Mesothelioma Victims Center, "If you are a US Navy Veteran who has recently been diagnosed with mesothelioma in California or this is a family member, please call us anytime at 800-714-0303 so you do not hire an inexperienced lawyer/law firm. If you want to receive the very best possible mesothelioma financial compensation you need direct access to some of the nation's most skilled mesothelioma attorneys who exclusively handle mesothelioma compensation claims on a full-time basis and nationwide.

“The fulltime mesothelioma attorneys we suggest consistently get the best possible financial compensation for Navy Veterans who were exposed to asbestos on a ship or shipyard in California." http://California.MesotheliomaVictimsCenter.Com

The group believes when it comes to mesothelioma compensation for a US Navy Veteran in California it is incredibly vital the attorney the Veteran or their family hires has years of experience with Navy Veteran mesothelioma compensation claims. Hiring a local car-accident attorney or personal-injury attorneys to handle a mesothelioma compensation could cost the Veteran or their family hundreds of thousands of dollars or more as the group would like to discuss anytime at 800-714-0303.

The California Mesothelioma Victims Center says, "The mesothelioma attorneys we suggest are at the highest level in our books because they have an extremely thorough understanding of navy ship engine rooms, most places on a navy ship where a sailor could have been exposed to asbestos, as well as the specific manufacturers of pipe insulation, pumps, gaskets, and more. They also can name every single US Navy shipyard because these are the types places where a US Navy Veteran could have had extreme exposure to asbestos. Before you hire a lawyer to assist on a mesothelioma compensation claim for a Navy Veteran with this rare cancer please call us at 800-714-0303." http://California.MesotheliomaVictimsCenter.Com

The California Mesothelioma Victims Center has experience helping US Navy Veterans who were exposed to asbestos on the following types of US Navy ships:

* Destroyers
* Air Craft Carriers (Essex & Nimitz Class)
* Cruisers
* Frigates
* Battleships (Used during the Vietnam War)
* Fast Attack Submarines (Los Angeles Class)
* Boomers (Ohio Class Submarine)
* Amphibious Assault Ships
* Oilers and Cargo Ships
* Navy Tugs/Support Vessels

For a listing of all former and current US Navy ships, please refer to the US Navy's website that addresses these topics. http://www.navy.mil/ navydata/our_ships.asp

The California Mesothelioma Victims Center also wants to emphasize theirs is a statewide unsurpassed service that is available to any diagnosed victim in California including communities such as Los Angeles, San Diego, San Francisco, San Jose, Riverside, Fresno, Sacramento, Oceanside, Palm Springs, Riverside, or Eureka. http://California.MesotheliomaVictimsCenter.Com

High-risk work groups for exposure to asbestos In California include US Navy Veterans, power plant workers, shipyard workers, oil refinery workers, public utility workers, chemical plant workers, manufacturing workers, plumbers, electricians, welders, machinists auto mechanics, machinists,railroad workers, school custodians, or construction workers. Typically, the exposure to asbestos occurred in the 1950’s, 1960’s, 1970’s, or 1980’s.

According to the CDC the states indicated with the highest incidence of mesothelioma include Maine, Massachusetts, Connecticut, Maryland, New Jersey, Pennsylvania, Ohio, West Virginia, Virginia, Michigan, Illinois, Minnesota, Louisiana, Washington, and Oregon. However, mesothelioma does happen to hundreds of people each year in California.

For more information about mesothelioma please refer to the National Institutes of Health’s web site related to this rare form of cancer: http://www.nlm.nih.gov/medlineplus/mesothelioma.html

Michael Thomas
California Mesothelioma Victims Center
800-714-0303
email us here


Source: EIN Presswire

Local Entrepreneurs Bring Fresh Coat Painters to Canfield

CANFIELD, OH, UNITED STATES, July 26, 2018 /EINPresswire.com/ — Local Entrepreneurs Bring Fresh Coat Painters to Canfield

Canfield, OH, July 25, 2018 – Don and Shannon Jones are pleased to announce the launch of their new local business, Fresh Coat Painters of Canfield.

Fresh Coat Painters offers residential and commercial painting services including interior or exterior painting, deck sealing and staining, pressure washing, wall paper removal, and other services for nearly every protective coating application. They have a 24/7 receptionist, online scheduling, free detailed quotes, and they only use high-quality materials. Fresh Coat Painters of Canfield serves Canfield, Boardman, Poland, Austintown, Youngstown, Warren, North Lima, Columbiana, Salem, Lake Milton, Howland, Hubbard and other neighboring communities.

“Shannon and I are life-long residents of the Mahoning Valley – we live in Canfield with our two sons and one daughter – and we are excited to be doing business with our neighbors and serving our community in a new way as small business owners,” Don said. “Fresh Coat Painters is a company you can trust – our quotes are accurate, our painters are professional and we understand the importance of excellent customer service.”

Don is a graduate of Youngstown State University with a bachelor’s degree in business and Shannon earned her bachelor’s degree in communications from the College of Wooster. Don spent the last 16 years working for a large commercial and industrial service and supply company, first in business to business sales and, most recently, in operations. In his previous roles, Don was focused on ensuring that the customer’s needs were exceeded.

He always had an entrepreneurial spirit and was looking for an opportunity to go into business for himself when he and Shannon found Fresh Coat. After a lot of research, meeting with the corporate team and talking to other franchisees, Don and Shannon decided Fresh Coat Painters was what they’d been looking for. The Fresh Coat system allows him to combine his attention to detail with his customer service experience.

“We knew, if we were going to open a business, we wanted to be able to make a difference. Often the painting industry has a lack of customer service and we see an opportunity to change that. When we had some painting work done last summer, we had a terrible time even getting anyone to call us back. We did find a great painter eventually, but it was a huge hassle. We want to change that experience for this community,” Don said. ““I enjoy working with people, building relationships and delivering high customer service expectations. I understand that it is challenging to earn a customer and incredibly easy to lose one.”

As part of Fresh Coat’s focus on service, they offer a 3-3-3 customer service pledge, so calls will be answered by a live person within three rings, a quote will be delivered within three days (customer schedule permitting) and the job will be started within three weeks. All Fresh Coat Painters employees are specially trained, dependable and background-checked and Fresh Coat Painters of Canfield is bonded and insured. Fresh Coat Painters also has a national product partnership with Sherwin-Williams®.

Fresh Coat was founded in 2004 as part of Strategic Franchising Systems. Since 2015, Fresh Coat has been included in the Bond’s Top 100 and named to Entrepreneur Magazine’s Franchise 500 list. Fresh Coat is also part of the International Franchise Association, the Small Business Association’s Franchise Registry, VetFran and Minority Fran.

For more information about Fresh Coat Painters of Canfield, call (330)271-8155, email DJones@FreshCoatPainters.com or visit www.FreshCoatPainters.com/Canfield.

###
Media Contact:
Kellie May
PR Specialist – United Growth Brands
kellie@kelliemaypr.com
513-379-3185

Don Jones
Fresh Coat Painters of Canfield
330-271-8155
email us here


Source: EIN Presswire

Caridia Capital Group Closes Three Back to Back Loans

Saybrook, CT

Jersey City, NJ

Jersey City, NJ

Caridia Capital funds three loans in a timely manner

NY, BRONX, USA, July 26, 2018 /EINPresswire.com/ — Caridia Capital Group is proud to announce the funding of two 30 year multi-family property loans. Both properties are located in Jersey City, NJ, valued at $394,000 and $330,000.

Carida is also excited to announce the closing of a single family residence located in Saybrook, CT. The property is valued at $610,000. Caridia continues to provide borrowers with excellent customer service by closing loans quickly and seamlessly!

Don't forget to check out our NEW 30 Year Investor, No Income Check Program for Not for Profit Organizations.

Caridia Capital Group
(212) 461-4575
email us here
Caridia Capital Group


Source: EIN Presswire

Gabriel Btesh commits to prosperity in Panama as construction business continues to flourish

The Btesh family have long been revered by many in their home country of Panama.

PANAMA CITY, PANAMA, PANAMA, July 26, 2018 /EINPresswire.com/ — Known primarily for their construction efforts, the family have focused heavily on innovation in the field for over three decades.

With Gabriel Btesh now at the helm, the once small company, founded by his father, Jack Btesh, has grown into an internationally respected player in the construction industry. "My father laid a sturdy foundation," he explains, "and for that, I am eternally grateful."

According to Btesh, the company is more than just a legacy for him and his family. "We've raised the bar for architectural integrity throughout Panama," he reveals. "Furthermore, over the course of the last decade, we've created more than 10,000 construction jobs in the country."

It's with this in mind that Gabriel Btesh is keen to share his other main passion in life besides construction. That passion? "Increased well-being in Panama," suggests the developer.

"I've always been a keen proponent of the advances being made toward increasing standards of living and well-being in my country," he continues. "I had always yearned to do what was right, on a scale as great as possible."

Through his endeavors, Btesh says he's been able to promote both the advancement of the family business and the importance of the well-being of those living in Panama. "Building homes for those in need has been one of the most rewarding and exciting aspects of my career," he adds.

Aside from constructing affordable housing, Gabriel Btesh has also focused on improving well-being in Panama by creating and supporting an abundance of employment opportunities. "Take the project we undertook at Mall Los Pueblos in Panama City," says Btesh. "Not only did the construction work create over 1,000 jobs in the area, but it has continued to create jobs ever since completion."

Btesh explains that the mall, built to a high standard and in a desirable location, quickly attracted retailers, and with them, customers. "All available space in the mall was soon rented out," he points out, "which prompted further construction of additional retail space in the immediate vicinity."

Subsequently, the area surrounding Mall Los Pueblos became a prime retail and shopping destination, creating more and more new jobs. "It quickly became the most popular shopping area in Panama City," Btesh reveals, also explaining that the build, early on in his career, secured the integrity of his name personally, and cemented that of his company.

"We've repeated the process and the cycle ever since, both in commercial and residential construction," Btesh notes. "I believe that by securing the positive cycle of employees, and growing bigger as a company, we've helped the Panamanian economy to flourish."

Indeed, where individuals have jobs, they also have money to spend. When these individuals spend their money, they're putting that money back into the economy. "It circulates in a positive and accumulative manner," explains Btesh.

Further to retail locations and residential properties, Gabriel Btesh and his team also spearheaded a new drive toward the development of entertainment and tourist destinations. These include Santa Maria Golf & Country Club in Panama City as well as numerous 5-star hotels. "These developments, in and around Panama City and across the country, delivered new forms of entertainment, bringing in tourists, and further boosting the economy," Btesh suggests.

"Areas outside of Panama City which we developed also became more desirable places to live," he continues. "As such, more affluent people moved to these areas helping to spread wealth and employment opportunities across the country."

"It's my hope," adds Btesh in summary, "that I've succeeded in helping to build a better future for my home country of Panama, facilitating the expansion of the economy, and restoring hope and prosperity to the region in the process."

Eric Ash
Web Presence, LLC
941-266-8620
email us here


Source: EIN Presswire