Southern comfort

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					                                                                                                                                                                                     The gift of business
          THIS        WEEK

                                                                                                                                                                                     Owners are taking advantage of low
                                                                                                                                                                                    valuations and discounts by handing
                                                                                                                                                                                      down the family company early.
                                                                                                                                                                                                       Page 21

                                                                                                                          ®                                                                 Estate Planning Spotlight
                                                                                                                                 $2.00                                              APRIL 5, 2010           
Hands-on training

First-generation business owners learn

                                                                                                                                                       Courtesy of Steve Lubetkin
about financing and making connec-
tions from a Rutgers entrepreneurial

                                                                                                                                                                                     possible tax
program. Page 5

By the numbers
Out of the state’s 73 acute-care hos-

                                                                                                                                                                                     on software
pitals, 33 percent currently are losing
money. Page 5

                                                                                                                                                                                     Proposal may levy fee on computer
                                                                                                                                                                                     programs customized for businesses
                                                                                                                                                                                                    By MARTIn C. DAkS
                                                                                                                                                                                     NEW JERSEY-BASED businesses that buy sophis-
                                                                                                                                                                                     ticated software packages could be in for higher
                                                                                                                                                                                     taxes, thanks to a proposal the state Division of
no longer giving it away                                                                                                                                                             Taxation made under Gov. Jon S. Corzine.
An online media company looks to                                                                                                                                                            But Gov. Chris Chris-
boost sales by switching content from                                                                                                                                                tie’s freeze on new tax regula-
free to pay-to-view. Page 5                                                                                                                                                          tions has temporarily spared
                                                                                                                                                                                     companies from the change,
                                                                                                                                                                                     which would impose the sales
                                                                                                                                                                                     tax on certain now-exempt
                                                                                                                                                                                     software modifications.
                                                                                                                                                                                            Large and small compa-
                                                                                                                                                                                     nies alike often buy off-the-     Susan A. Feeney
                                                                                                                                                                                     shelf, or prepackaged, payroll systems and other
                                                                                                                                                                                     software, which then is tweaked to make it work
                                                                                                                                                                                     smoothly with an individual business’ computer
Making It                                                                                                                                                                            system, according to computer consultants.
language-training company responds                                                                                                                                                          Under existing state regulations, the pre-
to the recession by keeping its ears        Senate President Stephen                                                                                                                                         ➤➤    See TAX on page 7
tuned to the restaurant industry.           Sweeney (D-West Deptford),
Page 16                                     outside his office in
                                            Woodbury’s old courthouse.
Political Exchange
                                                                                                                                                                                     Laying groundwork
                                            Southern comfort
legislators weigh whether or not
small businesses should be able to

                                                                                                                                                                                     for redevelopment
buy health insurance from out-of-state
companies. Page 18

Corner Office
Carla Katz, of counsel with Fox and                                                                                                                                                  Towns tap state, federal incentives
Fox llP, blames Gov. Chris Christie for             Business leaders are taking solace in
Description: [...] Sweeney's already promised to block any bills allowing video lottery terminals at the state's racetracks in the Meadowlands and Oceanport, as Atlantic City's casinos fear this will shatter their customer base. Christie has not ruled out video lottery terminals in the Meadowlands, according to spokesman Michael Drewniak, citing a recent audit by the state comptroller that found Atlantic City officials allowed more than $23 million in wasteful spending and inefficiencies.
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