The Basics of New York Title Reports

Buying property in New York can be both an exciting undertaking and a unique challenge. When it comes to real estate in the Empire State, you have to pay close attention to the details. How do you know you're making a good deal, free of risks and liabilities? That's where the title report comes into play. The Role of the Title Report When you're in the market for a new property, you'll have to comb through a Read More

Why Do So Many Companies Choose to Incorporate in Delaware?

What's the deal with Delaware? For years companies have flocked to the state in order to incorporate, despite the fact that very few of those corporations are actually headquartered there. You may have heard that Delaware's tax laws are particularly advantageous to big companies, but it doesn't end there. Let's take a look at the main reasons why so many corporations choose to incorporate in the First State. 1) Read More

Why Buy: This Could Be the Perfect Time to Buy Your Dream Home

Over-dramatic headlines bashing the housing market--both its options and affordability--can make it hard to get excited about buying a house. In fact, it can feel flat out disheartening. The decision to buy a home is a big one and you should feel excited and confident about it, not anxious and uneasy. Here’s the good news; It is a great time to buy a home. Take the right approach by following these Read More

The 5 Things Every Real Estate Purchase Agreement Should Have

Whether you're buying or selling your home or an office location for your business, every real estate purchase requires a contract. How do you make sure that contract is valid, beneficial to you or your business, and legally enforceable? Every real estate purchase agreement should include these key elements to make sure you're getting the most out of the transaction. 1) The Basic Legal Requirements Real estate Read More

A Step-by-Step Look Into the Process of Sealing Criminal Records in New York

If you’ve ever been charged with a crime, you’re naturally going to be worried about having a criminal record. It has the potential to haunt you for the rest of your life, limiting your job prospects and denying you access to certain public benefits and professional licenses. Is there any way to clear your record, or at least make the contents unavailable to anyone outside of law enforcement? New York law does not Read More

Identify Yourself: A Guide to the 5 Types of Business Entities

When starting a new business, the legal structure you choose is one of the most important decisions you will need to make. Your ultimate choice will affect the way the company is run, your degree of personal liability for business debts, the taxes you pay, and more. The key is to decide which entity accomplishes your personal goals while delivering the most operational and financial advantages. In New York, there Read More

TO LAWFULLY GROW YOUR BUSINESS, KNOW YOUR PARTNERS

KYP.  What does it mean? No, not “keep you posted.”  But stay posted: by the end of this article, we will explain what KYP means and how it’s a critical step in building your business the right way. Know your professional hire – a familiar refrain. Before seeing a doctor or hiring an accountant, most people exercise some due diligence.  In today’s world, due diligence tools are vast: a google search, checking out Read More

AVOIDING INVESTMENT FRAUD IN FOUR STEPS

A few months ago I received a call from my dad.  He had received a phone call from someone claiming to be with the IRS demanding money.  These types of scam calls are prevalent and they target the 60 and over crowd in bulk, understanding that of the thousands of calls made, dozens and dozens will fall victim.  It’s a volume scheme and one more sophisticated citizens often manage to avoid.  But what about the scams Read More

“THE NIGHT OF” AND UNDERSELLING THE ART OF LITIGATION

“The Night Of,” HBO’s moody, intermittently cerebral look at the criminal justice system and the domino-like effect a single arrest can have on individuals, families and communities, gets much right about the police arm of the criminal justice process.  In its opening episode, it handles the Sergeant’s Desk – the nerve center of most New York City precincts – with an attention to detail lacking in almost every Read More

THE BASICS ON FINCEN AND THE BENEFICIAL OWNERSHIP RULE

Legal fiction has become passé. At least in the eyes of the Treasury Department. The US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has targeted legal entities with ties to money laundering schemes by requiring legal entities opening new accounts at financial institutions to disclose and verify identification of the entity’s beneficial owner.  Beneficial owner, in this context, means an Read More