August 31, 2007

By: Jisha V. Dymond

Chapter 271 Disclosure: Tip #4

28 days until disclosure. Here’s a tip: The business entity must disclose any contributions made by the “business entity.”  This term, however, is defined as: 1) the business entity; 2) its principals and their spouses; 3) partners and their spouses; 4) officers and their spouses; 5) directors and their spouses; 6) subsidiaries “directly or indirectly” controlled by the business; and 7) PACs/CPCs “directly or indirectly” controlled by the business.  If the business is a natural person (i.e. a sole proprietor), that person’s resident spouse and children are part of the definition. In other words, the contributions made by all of these people have to be reported. Start making your list.

Tag: New Jersey