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Hackensack, NJ, United States
Attorney at Law (NJ, NY, VA) Specializing in Trusts and Estates - Business Succession Planning. I currently focus on taxation law, with a particular emphasis on business advice, succession and estate planning. I draft complex commercial documents, trusts, wills and business succession plans in order to maximize the wealth of current principals and preserve closely-held and family businesses for the next generation of ownership. I serve as an advisor to corporate clients on such matters as partnership and shareholder agreements, protection of trademarks and copyrights, corporate/commercial transactions, including the formation, purchase, sale and restructuring of businesses and professional practices, and general corporate agreements.

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    Thursday, September 3, 2009

    Labor day? Why not a day to celebrate small businesses?


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    Labor day? Why not a day to celebrate small businesses?


    Some say Matthew Maguire is the father of Labor Day – others say it was Peter McGuire. Both cared greatly for an important segment of the marketplace, its workers.



    Regardless of paternity, such a day was first celebrated on Tuesday, September 5, 1882, in New York City, when members of the CLU took an unpaid day off to demonstrate solidarity and, of course, have picnics. In 1884, President Grover Cleveland designated the first Monday in September as Labor Day and an official federal holiday.



    In 1898, Samuel Gompers, then head of the American Federation of Labor, called Labor Day, "the day when toilers' rights and wrongs would be discussed … that the workers of our day may not only lay down their tools of labor for a holiday, but upon which they may touch shoulders in marching phalanx and feel the stronger for it."



    Alas, entrepreneurs aren't organized like our union brethren, probably because we're too busy making payroll. There is no single Small Business Day officially decreed by the U.S. Government. No Entrepreneur's Day set aside to honor the few who do so much for so many; a day to picnic and party down in honor of the real heroes of the marketplace, small business owners.



    There actually is a small business week when the U.S. Small Business Administration recognizes the "creme de la creme" of entrepreneurs in America. But it's not a federal holiday, and it's not always the same week each year.



    Small businesses represent over 98% of all U.S. businesses and produce over half of the U.S. $13 trillion GDP. Plus, we sign the FRONT of the paychecks of over half (70 million) of all U.S. workers.



    Let's see: big deal on Labor Day; no Small Business Day. What's wrong with this picture?





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