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Major Changes Coming for Retirement Investments Brokers and other financial planners who manage retirement investments are in for a big change.  The United States Department of Labor (“DOL”) has proposed a rule targeted at forcing brokers to very clearly put the client’s interests above their own. The rule was first proposed in 2010 and has…

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There are new rules governing the loan process for real estate transactions. The new TILA RESPA Integrated Disclosure (TRID) rule, referred to as “Know Before You Owe”, has new forms, and timing requirements that can slow down your real estate transaction. These new rules apply to loan applications made after October 3, 2015. The familiar…

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The City of Newburgh has a new Rental License law. This law applies to all residential rental properties, including single family homes and condominium units. The fees range from $150.00 for a single dwelling unit to $5,000.00 for a property with over 200 dwelling units. A Rental License Application must be submitted to the Newburgh…

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If you live in the Hudson Valley area, then you have probably noticed that instances of sexual harassment in the workplace have been in the news with an interesting twist: men are now speaking out as also being victims of this unfortunate practice that has historically disproportionately affected women. How do you know if you…

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Jacobowitz and Gubits secured a significant win for the Town of Shandaken, located in Ulster County after a resident constructed and operated a farm stand without the proper permits and violated numerous provisions of the Town Code. Hanover Farms, Inc. obtained permission to operate a 100 square foot road side farm stand, pursuant to certain…

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New York has been and continues to be a place where bigger and taller is best. To construct our tall buildings, for more than a century brave workers have had to work at heights. For just as long, there has been a fear of workers falling or having something fall on them. For those reasons,…

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The availability of the Limited Liability Company (LLC) as a business structure has been very well received by the business community. The first appeal is based on the same reason that corporations have been utilized, namely, to limit liability of the owners of the company. The law recognizes an artificial person for purposes of allowing…

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One of the common attributes of family businesses is “discord”. A recent article talks about Tom Benson who is the owner of the New Orleans Saints professional football team and the NBA Pelicans. When he announced that he was leaving the teams to his third wife, members of the family took issue and an attempt…

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By Jacobowitz & Gubits, LLP posted in Nonprofits For nonprofits that own real property and enjoy exemption from real property taxes, this time of year can be a little treacherous. The law requires such tax-exempt nonprofits to renew their real property tax exemption by filing certain forms by March 1. The tricky part is that…

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In a business entity – whether a corporation, partnership or limited liability company (LLC) – there are often majority owners and minority owners of equity interests. When an opportunity comes along to sell the entire business, the majority owner may be hampered by uncooperative or unreasonable minority owners. Conversely, minority owners may fear that if…

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