You are purchasing a property and have tendered your down payment check to the Seller’s attorney.  Your contract contains a mortgage contingency clause, which provides that, among other things, your obligation under the contract as a purchaser is conditional upon you obtaining a mortgage commitment within a certain time period.  The clause further states that,...Read More

As our practice has grown and we represent more and more businesses, we are often asked whether the owners of a small business need to have a written agreement in place or whether a handshake is sufficient. If they do have an agreement in place, we are often asked whether it is sufficient, as well...Read More

We are so excited to be spotlighting our real estate practice area this week because our real estate practice has proven to be one of the most rewarding and enlivening aspects of our firm.  We represent sellers and buyers in diverse real estate transactions in New York and New Jersey, and we also represent lenders...Read More

Among the many other things that a business owner has to consider when starting a business, one of the most important things, if not the most important thing, that a business owner has to consider, is what legal structure is best for the business. In the beginning, there are many factors to consider.The most common...Read More

This week on the blog, we are spotlighting the litigation and dispute resolution services we provide to our clients.  Amongst the attorneys in our practice, we have over 40 years of litigation experience to call upon in serving our clients. Oftentimes, our litigation clients will contact us at a point in their dispute where a...Read More

The Federal Trade Commission (FTC) recently made headlines with its ban on non-compete agreements, which was issued on April 24, 2024. This decision marks a significant change and it is essential to understand the particulars. In this blog post, we will explore the key requirements outlined by the FTC and what they mean for employers...Read More

On April 6, 2024, the New York State Bar Association (NYSBA) Task Force on Artificial Intelligence released its Report and Recommendations to the NYSBA House of Delegates, in which the Task Force examined the “legal, social, and ethical impact of artificial intelligence (AI) and generative AI on the legal profession.”  Through its examination of AI’s...Read More

Starting a Limited Liability Company (LLC) is a popular choice for many entrepreneurs due to its flexibility and the personal liability protection it offers. However, many new business owners overlook a critical component that is vital for both the smooth operation and the future success of the business: the operating agreement. What is an Operating...Read More

Form TP-584 is a Combined Real Estate Transfer Tax Return, Credit Line Mortgage Certificate, and Certification of Exemption from the Payment of Estimated Personal Income Tax.  This form is completed in order to comply with the requirements of the real estate transfer tax, the tax on mortgages as it applies to the Credit Line Mortgage...Read More

As we have discussed previously here, there are so many moving parts when it comes to a real estate transaction, on both the buyer’s and seller’s side. There are certain tasks that each party has to complete in order to close a transaction and a team of professionals that is helping them complete each task....Read More