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December 18, 2024
Earlier this year, we advised regarding the Corporate Transparency Act (the “CTA” ) which went into effect on January 1, 2024 including reporting requirements for Reporting Companies.
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May 28, 2024
The New York LLC Transparency Act has been signed into law and takes effect January 1, 2026. Each non-exempt Limited Liability Company (LLC) formed or qualified to do business in New York will be required to file a beneficial ownership disclosure (BOD) with the New York Department of State (DOS).
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March 28, 2024
Effective as of March 20, 2024, New York’s Property Condition Disclosure Act, in effect since 2002, no longer permits a seller of residential real estate to opt out of delivering a Property Condition Disclosure Statement by giving the Purchaser a $500 closing credit.
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