New Jersey

Attorneys in New Jersey

Frank A. Lauletta focuses on representing and counseling a broad array of emerging growth and established companies in both the public and private sectors.  For more information, please click here.

Success of Law Firm's Commercial Apprenticeship Program

Philadelphia Area Law Firm reflects upon the success of its eight-year-old Commercial Law Apprenticeship Program that represents a new approach to introducing young lawyers to the profession and business of law. READ MORE

Lauletta Birnbaum to Expand Incutate Co-Working Facility that enables Start-Up and Small Businesses

Incutate, LLC, is expanding in Southern New Jersey, serves the needs of start-up and emerging growth companies by providing an incubator-type work environment. More Info.

Lauletta Birnbaum Helps Raise $10,000 for Local Charities

The Law Firm's ping pong tournament this year was the most successful so far - with 200 people in attendance, it raised $10,000 for two charities.


Sewell, NJ June 11, 2018 – Earlier this year, the law firm Lauletta Birnbaum and its lawyers and staff held their 4th Annual Ping Pong Tournament at their Sewell, New Jersey offices. This year’s tournament was their most successful yet: nearly 200 people attended, and with the help of sponsors around the community, the firm raised $10,000 for two local 501(c)(3) charitable organizations. 


The main benefactor was An Opportunity’s Knockin’ or simply “A O.K.” (www.anoppknock.org). A O.K. is an organization that strives to equip children and young adults with the tools needed to make a positive impact on their attitude, future decisions, and their overall perception of life. A O.K. helps kids understand that it’s not what you become in life, but who you become that matters.


Frank Lauletta, an attorney who helps organize the event, said: “The Ping Pong Tournament is a great way to both bring people together for networking and help this incredible organization. There are many young adults in our community who have the drive and desire to succeed, but may lack the resources at home to guide them in the best direction to achieve their goals. A O.K. strives to help these young adults not only achieve their goals, but more importantly, set appropriate goals and decide what is truly important to find happiness. I am proud to be associated with this organization and help fund its efforts through events such as our Ping Pong Tournament.”


Tournament proceeds also went to The Toni Donato-Bolis & Baby RJ Foundation (www.toniandrjfoundation.org) whose mission is to educate individuals on the dangers of distracted driving. Fundraising efforts allow the Toni & RJ Foundation to award scholarships to high school students. Scholarships are granted to graduating seniors with plans of continuing their studies at an accredited college, university or institute of higher learning. The Foundation rewards students for their eagerness to support the cause and the willingness to get involved in spreading awareness of distracted driving.


Remember it is never too early to start practicing for next year. We hope to see everyone at the 5th Annual Ping Pong Tournament in January.


About the Law Firm Lauletta Birnbaum:


Lauletta Birnbaum provides a range of corporate, transactional, intellectual property, and litigation services to private and public companies throughout the country in various industries such as software, high technology, energy, media, banking and real estate development and leasing.


Designed to maximize flexibility and value in this challenging business climate, the firm offers real-world business strategy and legal expertise, often serving as outside general counsel to its clients. To learn more, visit http://www.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


Potential opportunities for real estate investors in New Jersey based on the Tax Cuts and Jobs Act

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 lauletta.com. 


[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.

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

Business lawyer Frank Lauletta sets up Legal Blog with Legal Commentary on Business Law Developments

Sewell, NJ June 12, 2018 – Frank Lauletta a highly regarded business lawyer with Lauletta Birnhaum Law Firm announced his new legal blog http://franklaulettablog.blogspot.com/. Mr. Lauetta’s will be providing legal commentary on various business law topics. 


“I receive a lot of questions asking for my opinion or thoughts regarding recent developments that individuals see on the news and they ask how will it effect them, so I decided developing a blog to provide my thoughts was the best way to address a mass audience’” said Frank Lauletta. “I knew I could provide an answer by creating a resource that shares my thoughts and opinions” Frank added.


Frank Lauletta is an experienced corporate attorney who has many years of “hand on” experience with both private and public companies. Currently, Frank is serving as outside general counsel to clients for a number of software and other technology-based companies. Besides having experience as a corporate attorney, Frank also works with clients regarding data security measure and how clients should respond to security breaches.


Frank received his Juris Doctor degree from Rutgers University School of Law in 1995 and he has been admitted to practice law in New Jersey, New York and Pennsylvania. Along with his legal practice Mr. Lauletta has written several articles and has received several awards and honors.


On a personal note, when Frank is not blogging or working with a client, you can find him being an avid outdoor competitor such as snowboarding or mountain biking.