New York State Comptroller, Thomas P. DiNapoli, recently announced that the 2026 property tax levy increases will be capped at 2%. The 2% limitation affects local governments including counties, towns, fire districts, 44 cities…
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/ Education Law, Real Estate - Commercial, Real Estate - Residential, Taxation
Section 626 of New York’s Business Corporation Law governs standing to sue derivatively in New York. It states that “an action may be brought in the right of a domestic or foreign corporation . . . by a holder of shares or of…
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/ Business Organizations, Civil Procedure, Conflict of Laws, International Law & Trade
In a recent post, available here, we discussed the basic requirements and benefits of Internal Revenue Code Section 1202, which provides for the exclusion from income of certain gains realized with respect to the sale of…
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/ Business Organizations, Taxation, Wills, Trusts, & Estate Planning
This post features Part 2 of a recent two-part program to be later aired on New York City public access cable in which I was interviewed by Sandra Schulte on an array of topics in the business divorce universe. Sandra has…
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/ Alternative Dispute Resolution (ADR), Business Organizations, Commercial Law & Contracts
The long-anticipated “sunset” of the Tax Cuts and Jobs Act of 2017 (TCJA) was slated for the end of 2025. Upon this “sunset,” the federal estate and gift tax exemptions—which reached $13.99 million per individual in 2025—would…
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/ Business Organizations, Taxation, Wills, Trusts, & Estate Planning
There is perhaps no provision in an LLC operating agreement more susceptible to abuse than one allowing those in control of the LLC to make mandatory capital calls. For one, that authority often comes with very few restrictions…
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/ Business Organizations, Commercial Law & Contracts, Real Estate - Residential
In a typical bull market, private equity sponsors exit out of portfolio assets through IPOs, strategic sales and sponsor-to-sponsor buyouts. But the 2025 deal market has proven to be neither typical nor robust…
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/ Business Organizations, Commercial Law & Contracts, Finance & Banking, Mergers & Acquisitions
Under New York’s Electronic Signatures and Records Act, a person can electronically sign many types of documents that have legal significance (Technology Law §§ 301, § 304 |– 306). At the present time, however, wills and trusts…
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/ Commercial Law & Contracts, Science, Computers, & Technology, Wills, Trusts, & Estate Planning
I recently had the pleasure of being interviewed by Sandra Schulte at the media production studios of the Manhattan Neighborhood Network located near the Javits Center. Sandra, whom I met at a CLE program where I was a speaker,…
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/ Business Organizations, Commercial Law & Contracts
In May, the annual New York State Property Tax Report Cards for School Districts were released by the Department of Education. The report cards include estimates of fiscal reserves that each school district expects to have…
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/ Education Law, Taxation
Your company is invited by a local meetup group to present at demo day with other startups, and you accept. The group announces the demo day lineup of startups in an e-blast, on its website, on its Facebook page and through…
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/ Business Organizations, Communications & Media Law, Finance & Banking, Securities Law
It’s difficult to assess the potency of section 417(a) of New York’s LLC law. The provision starts off with a seemingly broad rule: “The operating agreement may set forth a provision eliminating or limiting the personal…
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/ Bankruptcy, Business Organizations, Commercial Law & Contracts
The Commercial Division Advisory Council (“Advisory Council”) is consistently looking to implement and amend new rules to enhance practice in the Commercial Division. On June 11, 2025, the Advisory Council proposed adding a new…
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/ Administrative Law, Commercial Law & Contracts, Law Practice Products & Services, Science, Computers, & Technology
Developing land on Long Island can present a number of challenges that all developers should be aware of. From complex zoning ordinances to state environmental regulations, there is no shortage of obstacles that may delay a…
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/ Construction Law, Zoning, Planning & Land Use, Real Estate - Residential, Real Estate - Commercial
“Down the ridiculous rabbit hole,” “magical math,” “smoke and mirrors,” “sixteen-year charade.” That’s how the plaintiff’s post-trial brief in Becker v Perla described the defendant’s reverse-field disavowal of his sworn…
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/ Civil Remedies, Commercial Law & Contracts, Real Estate - Commercial
