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Whether your business is your sole source of income or whether it is something you do on the side, you should have a business entity to protect you. The protections afforded by the corporations and limited liability act are some of the cheapest protections you can buy to safeguard you and your family from personal liability.
As of March 1, 2015, New Jersey became the latest state to enact “ban the box” legislation under the Opportunity to Compete Act, N.J.S.A. 34:6B-11 et seq. The Act was approved in August of 2014 and became effective on March 1, 2015. This act is known informally as the “ban the box” law. This new law restricts most employers from requesting criminal history information from job applicants. This will have a huge impact on the hiring practices of employers who fall under the act.