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New York is preparing to roll out its own version of beneficial ownership reporting—and it arrives sooner than many businesses realize. Beginning January 1, 2026, the New York LLC Transparency Act (LLCTA) will impose new filing obligations on all New York LLCs and foreign LLCs authorized to do business in the state. While the LLCTA […]

While the New York City real estate market can be extremely competitive, moving too quickly often backfires. Before purchasing a condominium or cooperative in New York City, it is important to do you homework. Purchasing property in NYC can involve a dizzying number of legal issues. These include condo and co-op rules, rent restrictions, and […]

Making a non-contingent offer can dramatically increase your chances of securing a real estate transaction, particularly in competitive markets like New York City. However, buyers should understand that waiving contingencies, including those related to financing, or appraisals, also comes with significant risks. Determining your best strategy requires careful analysis of the property, the market, and […]

If you operate a business, you need to understand how commercial zoning rules may impact you. For instance, zoning regulations can determine how you can develop a property and what type of activities your business can conduct. To ensure that you aren’t taken by surprise, it is always a good idea to consult with experienced […]

Pursuant to Local Law 97 (LL97), most New York City buildings over 25,000 square feet are now required to meet new greenhouse gas (GHG) emissions limits, with stricter limits coming into effect in 2030. The new law is designed to foster deep emissions cuts from the city’s largest buildings. For building owners, understanding your compliance […]

New York City buildings greater than six stories tall are subject to the Façade Inspection and Safety Program (FISP). The safety of these buildings must be periodically inspected by a Qualified Exterior Wall Inspector who then submits a report to the New York City Department of Buildings designating the building as either Safe, Unsafe, or SWARMP, which […]

A nearly four-decade feud between the former co-owners of two New York limited liability companies (LLCs) serves as a cautionary tale for all owners of closely held businesses. The latest decision in Rosenblum v. Rosenblum, Index No. 654177/2015 (Sup.Ct., NY. County, 2024)citing Rosenblum v. Rosenblum, 214 AD3d 440 (N.Y.A.D., 1st Dep’t 2023), involved a fair […]