News and Views | Conte Clayton & Austin, P.A.

THE JOURNAL

Notes and updates.

Real estate·Jul 8, 2025

New Jersey’s A-5804/S-4666 Amendment: Key Changes to the Mansion Tax Law

The recently enacted A-5804/S-4666 bill amends N.J.S.A. 46:15-7.2 and imposes significant changes affecting New Jersey’s “mansion tax”—a real estate transfer tax imposed on certain residential and commercial properties sold for $1 million or more.

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Business

Business·Aug 3, 2021

What Type of Business Entity is right for me?

New Jersey offers a number of options to organize your new business. The most common business entities that we form for clients are corporations and limited liability companies. Corporations commonly are categorized as an “S-Corp” or a “C-Corp” which are tax elections that result in different operational treatment of the entity. In most cases, our clients elect not to operate their business as a sole proprietorship (i.e. no entity) because sole proprietors receive no personal limitation on liability from business liabilities.

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Firm news

Firm news·Apr 29, 2021

Michael Austin Panelist for NJ Institute for Continuing Legal Education Program

Michael Austin was a panelist for the NJ Institute for Continuing Legal Education program, Intellectual Property and Technology Due Diligence for Business Transactions on April 29, 2021.The panel covered best practices for conducting transactional due diligence specific to the ever changing world of IP rights and Technology.

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Firm news

Firm news·Apr 5, 2021

Michael Austin nominated as a Top Lawyer for 2021 Super Lawyers

Conte Clayton & Austin, P.A. is proud to announce that Michael Austin has been nominated as a Top Lawyer for the 2021 Super Lawyers list in the area of Business Litigation. This is the second year in a row Michael Austin has been recognized by Super Lawyers.

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COVID-19

COVID-19·Nov 11, 2020

Summary of NJ Exec Order 192 for workforce health and safety during pandemic

On October 28, 2020, New Jersey Governor Phil Murphy signed Executive Order No. 192 (the “Order”) into effect. The Order, in the Governor’s words, seeks to “help ensure the health and safety of our workforce” during the ongoing COVID-19 pandemic.

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COVID-19

COVID-19·May 15, 2020

Business as Usual: Real Estate Transactions and Estate Planning Continue Amidst COVID-19

While the far-reaching and ongoing impact of COVID-19 has generated never-before-seen levels of business interruption and uncertainty, our firm has been, and remains, committed to continuing operations as efficiently as possible.

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COVID-19

COVID-19·Apr 23, 2020

Business Interruption Insurance and COVID-19

Small business owners continue to reel at the economic impact of the COVID-19 crisis and government mandated shutdowns or service reductions, which have already caused tremendous economic injury, with no certain end in sight. At the same time, many business owners remain in the dark as to the status of government backed SBA loans, which promise to enable these struggling businesses to continue to fund payroll obligations and cover fixed expenses, such as rent and insurance, until the current restrictions are lifted and full scale economic recovery is permitted to commence.

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COVID-19

COVID-19·Apr 6, 2020

Conte Clayton & Austin, P.A. Statement on COVID-19

The Law Firm of Conte Clayton & Austin, P.A. is committed to protecting the health and safety of our clients, lawyers, staff, and colleagues during these difficult times. In response to the COVID-19 crisis, we have adopted a series of protocols and policies to ensure that your legal needs are satisfied while at the same time minimizing the potential for the spread of the COVID-19 virus within our operations.

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Estate planning

Estate planning·Feb 1, 2017

What is a Revocable Trust?

A revocable trust, also known as a ‘living trust’ or a ‘loving trust’, is a trust that you establish during your lifetime to manage your financial affairs.

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Real estate

Real estate·Jan 26, 2017

What is a Triple Net Lease?

In commercial leasing, a gross lease and the triple net lease (sometimes called a “net” or “NNN” lease) represent opposite ends of the spectrum and each carry significant responsibilities and benefits for both the landlord and the tenant. There is also an array of arrangements that fall somewhere in-between a pure gross and the pure net lease. It is critical to review any contract before you sign it. A commercial lease is no exception and more than a few unsuspecting tenants who carelessly neglected to study their leases found themselves responsible for monthly payments to their landlord over and above the base rent that was negotiated. For the purpose of this article, we will focus on what Triple Net means.

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Firm news

Firm news·Nov 15, 2016

Meryl Conte Clayton to Present Seminar on Florida Estate Administration

Conte Clayton & Austin, P.A. partner Meryl Conte Clayton presented a seminar titled Estate Administration From Start to Finish in Sarasota Florida on November 15, 2016. Meryl was asked to be part of a panel of Florida trusts and estates professionals by the National Business Institute. She will be bringing her thirty years of experience in handling Florida and New Jersey estates. The seminar is approved for 8 CLE (Florida).

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Firm news

Firm news·Nov 4, 2016

Michael Austin Moderates Panel Discussion on Transactional Law for New Jersey Attorneys

Conte Clayton & Austin partner, Michael Austin moderated a panel of attorneys for the Hot Tips for Transactional Attorneys on Saturday, October 29, 2016. The panel was part of the 2016 Young Lawyers Symposium presented by the New Jersey Institute for Continuing Legal Education, a division of the New Jersey State Bar Association.

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Real estate

Real estate·Oct 22, 2016

What Are The Common Costs Associated With The Sale of New Jersey Real Estate?

A common question among both commercial and residential property owners is, “what will it cost to sell my property?” Often, sellers who neglect to consider what is involved in the sale of real property are surprised by some of the taxes and fees that come along with the process. Below is a list of some common expenses associated with the seller’s side of a real estate transaction:

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