Category: CNB BUSINESS NEWS

What you should take into consideration when setting up a business in Gloucester

If you are planning on setting up a business, there are many things that should be taken into consideration. This includes the kind of business you want to run, the costs, the legal side and much more. Since there are so many things to deal with, it can be overwhelming – but not to worry, we will look at the basic points to help you get started.

In this article, we will discuss what you should take into consideration when setting up a business in the Gloucester area.

Decide what kind of business you want to run

If you are planning on setting up a business, the chances are you’ll have a clear idea of the sector or industry you will be operating in, and have some experience of it. The importance of doing your research can not be underestimated. Speaking to other local business owners can be a good idea, as can mentors and start-up advisors. If you are unfamiliar with the Gloucester area, get talking to business owners in the local area and find out how they are doing.

An important consideration is the structure of your business. You can choose to be a sole trader, a limited company, partnership, LLP or other business structure. It is best to seek professional advice to work out which of these may be best for you. If your employment status changes, for example you decide to go self-employed, you will need to let HMRC know.

Create a business plan to follow

The next thing that you should take into consideration when it comes to starting up a business is to make sure that you write a business plan. This can help you to ‘map out’ your business and what you will need to do to give it the best chance of success. When it comes to creating a business plan, you should make sure that you set some realistic, measurable targets that you want to achieve and when, so you can work towards them.

Find a business premises

You will need a space from which to operate your business, whether you’re looking to start a retail business or become a consultant and work from home.

Do some research into the commercial premises available in the area and look at the

Gloucester City Council

website for information on business rates in the local area.

You will need to make sure you have the correct insurance for your business premises.

Get your financial systems in order

It is wise to start looking into things like setting up a business account, book-keeping software and seeking the advice of an accountant early on to make sure you are following the correct procedures.

Start off on the right legal footing

Having proper protections in place such as well-drafted terms and conditions and supplier contracts can help you to avoid issues like cashflow problems. A business lawyer will be able to help you with this.

If you are processing data, you should make yourself aware of your GDPR and data protection obligations.

You should also ensure your intellectual property is protected and managed well; this can involve everything from your logo and branding through to articles you write or products you make. If you think someone is infringing your intellectual property, you should “

take action to draw this to the attention of the infringing party, and enforce your rights

”. (Source:

Willans.co.uk

)

The legal considerations for business owners are numerous and too many to list here; it is important to seek advice from a reputable law firm. Look at online reviews of law firms that work with businesses in your sector, and ask friends and contacts for recommendations. It can be useful, though not essential, to use a law firm local to you, especially if you are looking to have face-to-face meetings with your legal advisers.

Keep this information in mind

Overall, there are a lot of things that you will need to take into consideration when it comes to running a business. If you are thinking about starting one soon, keep this advice in mind, and remember to consult professionals for tailored guidance.

Image; Pixabay

NJBIA Statement on Senate Economic Relief Actions in Response to Coronavirus

NJBIA President and CEO Michele N. Siekerka, Esq. released the following statement in response to a series of economic relief actions announced today by Senate President Steve Sweeney.

\”NJBIA thanks Senate President Sweeney for consideration of these much needed economic initiatives, which will help both employers and employees during these extremely challenging and worrying times for small business in the state of New Jersey.

\”In no uncertain terms, many of our members are telling us both directly and through our polling that they have serious concerns about the stability and solvency of their operations, both in the short-term and the long-term, due to the overall response of the coronavirus.

\”We believe the protections and extensions proposed today are a start toward helping to mitigate some of the negative economic impacts being experienced, or soon to be experienced by our job creators, workers and their families as we go through this together.

\”NJBIA is grateful to our policymakers for their continued consideration of ideas and proposals that can help the business community and we look forward to further working with them as they come to fruition.\”

Guest Opinion: Let\’s Not Panic

Well, I\’d have to say that 2020 is off to a hell of a start.  From giant fires ravaging the country of Australia, the death of NBA icon Kobe Bryant, the Coronavirus, stock market volatility and of all things, Prince Harry wants out of the royal family!

Here\’s what I know; I\’m grateful for today and I\’ll take it as it comes.  I\’m not

going to play into the fear-mongering on social media when it comes to stock market declines or Coronavirus.  My solution is pretty simple; diversify, buy real estate for cash flow, wash my hands frequently and keep trucking along.

On Facebook this week I saw a lot of stoking the fire of fear when it comes to stocks vs. real estate. I don\’t agree with that tactic as I continue to own both stocks along with my real estate.  Maybe it\’s the former financial advisor in me, but I don\’t get too emotional when it comes to investments.  I make decisions based upon data and return on investment and believe me when I say, that this wasn\’t learned overnight.  I got absolutely destroyed in the recession and learned some painful lessons about emotions and following the crowd.

This week I posted on Facebook about a partial note with a 12% yield that we were looking to sell and I had multiple IRA holders in my network reach out to purchase it.  If you don\’t know what a partial note is, you can learn more about that

HERE

on our YouTube Channel, but in a nutshell it means that I\’m selling a portion of the payments on a note that I own for a period of time.  These are ideal for IRA holders that may want to hold some cash flowing assets in their portfolio along with their stocks and bonds.  Did you know that you can also hold these assets in an account for your kids, HSA, Roth or even 401k?

I don\’t think you should have all of your eggs in one basket which is why I own different businesses, stocks, bonds, notes and of course real estate.  If you are interested in adding some notes to your portfolio as an income producer, reach out and let\’s schedule a call to learn more about your investment goals to see if they\’re a fit.

It\’s a crazy world we live in and that will continue on.  I\’m grateful to have you in my network and I hope you stay healthy and happy!

PS:  Don\’t forget to wash your hands!  😉

Regards,

Ben Fredricks

Odell Barnes REO

www.OdellBarnesREO.com

DLA Piper Opens an International Cannabis Law Practice

(Gloucestercitynews.net)(March 13, 2020)–No one can ignore the growth, size, and importance of the global cannabis industry anymore, especially when it comes to the medical cannabis market. Scientists keep on proving the health benefits of cannabis use, thus creating entirely new types of alternative treatments. That is the reason why a lot of companies and startups start to invest in the industry.

One of them is DLA Piper.

DLA Piper

, one of the biggest and well-known law firms in the world, has started an international cannabis practice with a team that will comprise more than 70 lawyers. They will be operating in more than 15 countries across Europe, Australasia, Latin America, Asia, and Africa. The decision came after closing a large number of deals that brought the firm over $8 billion.

The team will be led from Canada by Toronto based partner Robert Fonn and from England by London based senior associate Dylan Kennett.

DLA Piper’s life sciences sector team is one of the biggest of any law firm. Considering that the

cannabis industry

has become one of the fastest-growing ones, it is no wonder that one of the largest law firms wants to take advantage of it.

DLA Piper will continue advising on a range of legal matters in the cannabis industry, including the changing regulatory environment around the world, thus helping its clients understand and keep up with all legislative regimes in the growing industry. It will also focus on the medicinal products market, publicly acknowledging the proven benefits of cannabis and supporting further research.

It is expected that more and more companies and brands from all industries will follow in its footsteps. This is inspired by the predictions for the cannabis industry for the next decade. It appears that Europe has the potential to become a market leader, and everyone is watching closely.

Let us take a look at some predictions.

According to some estimates, spending on legal cannabis globally will reach $66.3 billion by 2025. The recreational cannabis market will cover 67% of the spending, while medical cannabis and the

CBD market

will cover the remaining 33%.

Other predictions say that the European cannabis market will reach $136 billion by the end of 2028. The United Kingdom’s market should reach

£2.31 billion by 2024

, and if Germany joins the legalization trend, its market could reach

$9.39 billion by 2028

.

On the other hand, Asia’s medical cannabis market could be worth $5.8 billion, Oceania’s cannabis market could reach $2.7 billion, and Thailand’s cannabis market could hit $661 million by 2024.

There is no doubt that the cannabis industry will become one of the biggest industries in the world, especially if it continues to grow at this rate. One thing is certain as well: all of those deciding on this venture are going to need professional legal advice.

images courtesy of unsplash.com

Investors and companies urge states to adopt Transportation and Climate Initiative

BOSTON, MA

—A diverse group of investors, companies, trade associations, institutions and organizations across the Northeast and Mid-Atlantic are urging the region’s governors today to band together and create a clean transportation future that enables economic growth.

In letters sent to the participating leaders

, more than 100  signatories —including

Akamai, DSM, Eversource Energy, Novartis and State Street

— called the

Transportation and Climate Initiative

(TCI) a “once-in-a-generation opportunity to modernize and decarbonize our region’s transportation system” and emphasized how TCI will help to achieve several of their shared goals to:

Reduce greenhouse gas (GHG) emissions from transportation;

Invest in much-needed public transit, alternative transportation and road infrastructure;

Alleviate traffic congestion;

Make the region more economically competitive; and

Generate a revenue stream to fund these and future transportation improvements.

“Legislation like the Transportation and Climate Initiative is a critical piece in achieving the scale and rate of change needed to avoid the most serious impacts of climate change,“ said

James Goudreau, head of climate at Novartis.

“Novartis recognizes its responsibility to achieve impactful change and collaborate with others to accelerate changes beyond our sector. In building trust with society we aim to: hold ourselves to the highest ethical standards, tackle complex global health challenges and be a responsible corporate citizen. This legislation supports our environmental sustainability strategy including our aspiration to become carbon neutral in our own operations by 2025, reduce our overall carbon footprint including supply chain by 50% by 2030, and to become plastic and water neutral by 2030.”

“With multiple facilities throughout the region and a commitment to emission reductions, Akamai supports the Transportation and Climate Initiative as an essential tool in modernizing our transportation system and reducing pollution,” said

Mike Mattera, director of corporate sustainability at Akamai

. “Our employees and customers see the impact of congestion on our roadways, limited public transit options and a need for more electric vehicle infrastructure. TCI is a bold proposal to tackle these challenges.”

This call comes as the 12 jurisdictions that are collaborating through TCI work to finalize a Memorandum of Understanding (MOU) outlining a market-based policy to create a clean, equitable and efficient transportation system for the region. The final MOU is expected in spring 2020.

All of the letters to each of the participating state leaders can be viewed

here

.

About Ceres

Ceres is a sustainability nonprofit organization working with the most influential investors and companies to build leadership and drive solutions throughout the economy. For more information, visit

www.ceres.org

and follow

@CeresNews

.

How to write a cover letter for resume in 2020

(Gloucestercitynews.net)(March 11, 2020)–A cover letter is your comments on your resume. It makes a description of your work experience full and explains motivation. In other words, it is your first conversation with a company. You may feel free to express your thoughts and wishes for a vacancy more detailed than in formal cv.

It happens that instead of a cover letter, candidates simply write: \”Please consider me for this position,\” but there is no sense in such a letter. For the letter to work in your favor, it must carry a meaningful load that will help distinguish you as a candidate. A simple request for consideration cannot do this.

You might need a cover letter in the following cases:

when you start a professional career in IT;

you want to work for a competitive company;

you like a specific position;

Start a cover letter with a greeting. Then you need to specify a position you are interested in and apply for. If you like, you can add a few words about the company. After that, mention why you want to work for this very company and get namely this position. Here, give special importance or value to your professional achievements and work skills. Do not forget to think about taking the time to read your letter and attention to your candidacy. If you send a resume along with a cover letter, do not forget to mention that it will be attached along with recommendations or that the recipient will find more detailed information about your professional activity in the resume attached. In conclusion, add \”Regards\”, or \”Best Regards\”, your signature and contact information.

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Dennis M. Hobbs, of Runnemede, 61

Dennis M. Hobbs, on March 8, 2020, of Runnemede. Age 61.

Beloved husband of Andrea (nee Lipomi). Loving stepfather of Corrina Warren. Dear son of Michael and Maureen (nee Price) Hobbs. Brother of Diane Bryan and Kathy Rendine. Treasured Son in Law of Joseph and Carol Lipomi. Brother in Law of Joseph Lipomi (Dolly) and Jeffrey Lipomi (Dawn). Uncle of Nicole Rendine, Joey Lipomi and Megan Ingram (John).  Loving fur-daddy of Bella.

Dennis was the Owner/President of South Jersey Office Equipment in Westville for over 30 years. He was greatly admired for his IT expertise, patience, sense of humor, kind heart, great advice, and always had the best stories. Dennis was the sunny spot in everyone\’s day.  A great friend to many. Dennis loved to travel with his \”Sweetums\” and his best friends.  He was a talented photographer, capturing all their beautiful memories along the way.

Family and friends will gather this Sunday, March 15 from 1:30-3:30 pm for a Celebration of Dennis\’s Life at The Marian House, 507 S Kings Highway, Cherry Hill, NJ 08034.

Prayers and eulogy to begin at 2:30pm.

In lieu of flowers, donations be made in Dennis’ name to the University of Penn Cancer Research, Glioblastoma Research at 3535 Market Street, Philadelphia, PA 19104.

2020 Household Hazardous Waste Collection Events

The Camden County Board of Freeholders is proud to present the 2020 Household Hazardous Water Collections. All collection hours are 8:30 AM to 3 PM rain or shine. These events are for Camden County residents only – no businesses accepted. Call (856) 858-5241 for more information. All Events are Rain or Shine.

MARCH 21 – CHERRY HILL PUBLIC WORKS COMPLEX

1 Perina Boulevard, Cherry Hill

APRIL 25 – COLLINGSWOOD PUBLIC WORKS CPLX

713 N. Atlantic Ave., Collingswood

MAY 16 – ATCO PARKING AREA

Corner of ATCO AVE. & RARITAN AVE.

JUNE 13 – GLOUCESTER TWP. – CAMDEN COUNTY COLLEGE

Parking Lot off of Peter Cheeseman Road

SEPTEMBER 26 – PENNSAUKEN SANITARY LANDFILL,

9600 N. River Road, Pennsauken

OCTOBER 17 – LINDENWOLD – CAMDEN COUNTY PUBLIC WORKS COMPLEX

2311 Egg Harbor Road, Lindenwold

Cherry Hill Public Works

1 Perina Boulevard, Cherry Hill, NJ, United States

Saturday, Mar 21st, 2020 @ 8:30 am

–

3:00 pm

Texas Man Charged with Defrauding Cisco Systems, the Neat Company, iRobot Corporation, Amazon.com

Out of More Than $1.9 million in Merchandise

PHILADELPHIA PA (March 4, 2020)–– United States Attorney William M. McSwain announced that Reece A. Line, 23, of Pearland, Texas, was charged today by Information with 22 counts of mail fraud, eight counts of wire fraud, and three counts of tax evasion.

The Information alleges that the defendant perpetrated a scheme to defraud Cisco Systems Inc. (“Cisco”), the Neat Company (“Neat”), iRobot Corporation (“iRobot”), APC by Schneider Electric (“APC”), Amazon.com (“Amazon”), and other companies by engaging in a sophisticated warranty fraud scheme. The charges state that the defendant and his co-schemers obtained serial numbers to products sold or manufactured by Cisco, Neat, iRobot, and APC. They allegedly proceeded to register false domain names, obtain false email addresses, and submit false warranty claims, pretending to own products sold or manufactured by these companies that they claimed were not working. The Information alleges that the defendant provided customer service representatives with descriptions of the non-existent defects that he knew they could not solve by troubleshooting and would require replacement with new products. Cisco, Neat, iRobot, and APC then shipped the replacement products to the defendant and his co-schemers, which they promptly sold via eBay, on Amazon, or through computer resellers.

The Information further alleges that the defendant and his co-schemers defrauded Amazon by using false identities, domain names, email addresses, and mailing addresses to order products that they falsely claimed never arrived or arrived broken, thereby inducing Amazon to repeatedly send replacement products. The Information alleges that the defendant and his co-schemers then sold the products obtained in this manner via eBay.

All told, the defendant and his co-schemers successfully obtained at least $1,950,000 worth of products from the victim companies through their alleged fraud. The Information also alleges that the defendant evaded the payment of any income tax on the income he earned from his fraud for tax years 2014 through 2016 by, among other things, failing to file returns, storing his fraud proceeds in bank accounts and PayPal accounts in the names of co-schemers, storing cash at his residence, paying his personal living expenses with cash, and using false email addresses, false domain names, prepaid gift cards, and false identities to conceal his involvement in the fraud scheme.

“As alleged, the defendant engaged in a sophisticated fraud scheme that netted almost $2 million worth of products,” said U.S. Attorney McSwain. “Retail fraud, whether in brick-and-mortar stores or online, is a serious crime that must be punished and deterred. I would like to thank both the FBI and the IRS for their dedication and partnership in this matter.”

“Taxpayers are required to cooperate with the tax system by filing honest and accurate returns and paying their fair share,” said Michael Montanez, Acting Special Agent in Charge of IRS-Criminal Investigation. “The Special Agents of IRS-CI will continue to investigate and bring charges against those who intentionally violate our tax system.”

The defendant faces a maximum sentence of 825 years’ incarceration, a five-year period of supervised release, and a fine of $8,250,000.

The case was investigated by the Federal Bureau of Investigation and the Internal Revenue Service, Criminal Investigation Division, and is being prosecuted by Assistant United States Attorney Michael S. Lowe.

An Indictment, Information, or Criminal Complaint is an accusation. A defendant is presumed innocent unless and until proven guilty.

Pepco Holdings Announces Updates to Its Operations and Support Services Leadership Teams

Part of the ongoing effort to drive top-tier industry performance at Atlantic City Electric, Delmarva Power and Pepco

Miguel Ortega

named vice president of Project & Contract Management

Bob Pinto

named vice president of Electric and Gas Operations

Bill Sullivan

named vice president of Technical Services

Sam Williams

named vice president of Support Services

WASHINGTON, D.C.

(March 2, 2020) – As part of the effort to continue delivering top tier service, and increased reliability and operational performance, Pepco Holdings has announced four leadership appointments supporting Atlantic City Electric, Delmarva Power and Pepco.

“We are committed to providing our customers and communities with the most reliable electricity and natural gas possible, while developing new programs that reshape the future of energy service,” said Dave Velazquez, president and CEO of Pepco Holdings, which includes Atlantic City Electric, Delmarva Power and Pepco. “These leaders are among the best and brightest in the energy industry, and I know they will bring innovative approaches that will help us continue to deliver on our commitments.”

Miguel Ortega,

previously the company’s vice president of Technical Services, has assumed the role of vice president of Project & Contract Management for Pepco Holdings. In this role, Ortega will oversee more than $700 million in projects to modernize the local energy grid and advance the level of service for more than 2.1 million customers. Ortega joined Pepco Holdings in 2016 after several leadership roles in Operations and External Affairs at sister company ComEd, in Illinois. Since moving to the Washington area, Ortega has connected to the community through service on the board of directors for the Greater Washington Hispanic Chamber of Commerce as well as his role as executive sponsor of the Organization of Latinos of Exelon Employee Resource Group in Washington, D.C.

Bob Pinto

has been promoted from director of Pepco Electric Operations to vice president of Electric and Natural Gas Operations for Pepco Holdings. Pinto came to Pepco from ComEd in 2017 where he held numerous leadership positions of increasing responsibility in Electric Operations. During the past three years, he has driven improved safety performance at Pepco and has supported record electric service reliability for Pepco’s Washington D.C. and Maryland customers. He is passionate about serving the community through work with several nonprofit organizations.

Bill Sullivan,

previously Pepco Holdings’ vice president of Electric and Gas Operations, has become vice president of Technical Services.  In his new role, Sullivan will oversee the management of the company’s electric system assets. He began his career in 1987 as a project engineer and advanced through numerous management positions in engineering, customer service, field services, meter services, accounts receivable, and electric operations. Sullivan’s leadership has driven strong reliability performance and safety improvements for Atlantic City Electric, Delmarva Power and Pepco. He serves as the executive sponsor of the Exelon African American Resource Alliance Employee Resource Group in Washington, D.C., and supports numerous volunteer and philanthropic efforts across the region.

Sam Williams

has been named vice president of Support Services for Pepco Holdings. He comes to Pepco Holdings from Exelon sister company, Baltimore Gas & Electric, where he was director of Regional Electric Operations. Williams has more than 25 years of experience in the energy industry, including several key leadership roles at BGE. In his new role, he will be responsible for Safety, Training, Fleet, Environmental Services, Security, and Real Estate & Facilities. Williams’ leadership extends beyond the business and well into the community. He is a member of Leadership Baltimore County, an active board member of the Community College of Baltimore County Foundation, and an avid volunteer with \’100 For 100,\’ which provides meals to those in need. Williams replaces Mike Poncia who retired after 22 years with Pepco Holdings and more than 32 years in the energy industry.

Readers are encouraged to visit

The Source

,

Pepco Holdings’ online news room, to learn more about

Atlantic City Electric

,

Delmarva Power

, and

Pepco

efforts to power a cleaner and brighter future for the customers and communities it serves.

###

Pepco Holdings, a unit of Exelon Corporation (Nasdaq: EXC), the nation’s leading energy provider, oversees the operation of Atlantic City Electric, Delmarva Power and Pepco. The companies provide safe and reliable energy service to approximately 2.1 million customers in Maryland, the District of Columbia, Delaware and New Jersey.