What impact does a PPP loan have on a business sale? Pursuant to the Paycheck Protection Program under the CARES Act, eligible borrowers can obtain an SBA guaranteed loan to be used primarily for payroll, and which can be forgiven. The PPP loan raises several important issues in connection with a business sale. Most business […]
Effective September 13, 2019, Section 1409(a) of the New York Tax Law was amended impacting real property transfers and limited liability companies. When either the grantor or grantee of a 1-4 family residential property is a limited liability company, an addendum must be provided listing the names and addresses for natural persons until 100% ownership is comprised […]
LIVE STREAMING on Friday, May 29, 2020, at 1 PM (ET) Update on the SBA’s PPP: Legislative Initiatives and Real World Examples of SBA Forms Please join us on Friday, May 29, 2020, at 1:00 PM – 2:00 PM (ET) for a webinar as Robert Hoberman, CPA, Managing Partner of Hoberman and Lesser, provides an in-depth analysis of the Small Business […]
Dear Clients, As the novel coronavirus (COVID-19) pandemic has developed, so too have the related challenges and the responses to those challenges evolved. Rosenberg & Estis P.C. continues to monitor guidance and directives that impact your business operations. This memo will update you with respect to some issues of significant concern. As always, we […]
On April 2, 2020, the Court of Appeals, by a 4-3 margin, issued a lengthy and groundbreaking decision in Regina Metro Co. v New York State Div. of Hous. & Community Renewal. The decision collectively decided four rent overcharge cases arising from Roberts v Tishman Speyer Props., L.P., 13 NY3d 270 (2009), wherein the Court […]
Foreward by Andrew Chilvers For companies and individuals looking to move into new jurisdictions for business opportunities, setting up a bank account is a crucial part of the process. But this is never as straightforward as it seems. In all countries, banks are obliged to crack down on fraud and any potential financial scullduggery. As […]
April 30, 2020 | Client Bulletins By: Anthony U. Battista, Lisa B. Heller, Harrison D. Squires On April 27, 2020, a three-judge panel for the U.S. Court of Appeals for the Eleventh Circuit affirmed the District Court’s denial of Plaintiffs’ motion for a new trial.1 Plaintiff Fanny Quevedo, was seriously injured during a severe turbulence […]
On Thursday, April 2, 2020, the Court of Appeals issued a landmark opinion that is of industrywide significance. The opinion holds that Part F of the Housing Stability and Tenant Protection Act of 2019 (“HSTPA”) cannot be applied retroactively so as to subject building owners to new or increased liability for past conduct. Specifically, in a 4-3 […]
Crises are often self-inflicted, such as the recent and continuing Boeing 737 Max crisis in which Boeing’s executives apparently ignored the very people inside Boeing who knew of the Max’s problems – the pilots. “After the crash, Boeing issued a bulletin disclosing that this line of planes, known as the 737 Max 8, was equipped […]
Foreward by Andrew Chilvers Real Estate across the globe has taken a huge hit by the Covid-19 crisis as businesses and retailers close indefinitely, while customers are locked in their homes. In the US and UK, the ‘brick-and-mortar’ retail sector has been in a sensitive state for some time as people have been deserting the […]
For companies and individuals looking to move into new jurisdictions for business opportunities, setting up a bank account is a crucial part of the process. But this is never as […]
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