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New Reporting Requirements Under The Federal Corporate Transparency Act
The federal Corporate Transparency Act went into effect on January 1, 2024. In short, the Corporate Transparency Act requires an entity that qualifies as a reporting company to report who the beneficial owners of the company are to FinCEN.
New York Removes Notary Requirement in Civil Cases
Earlier this week, New York State Governor Kathy Hochul signed two bills amending Rule 2106 of the Civil Practice Law and Rules to provide for greater use of affirmations in lieu of notarized affidavits in civil proceedings.
New York Proposes Legislation Conditioning a Foreign Corporation’s Authority to do Business in New York with Consent to Jurisdiction of the New York Courts For All Actions Against the Corporation
New York proposes legislation conditioning a foreign corporation’s authority to do business in New York with consent to jurisdiction of the New York courts for all actions against the corporation. Attorney Michael J. Williams explains this proposed legislation and its implications for businesses and claims in his latest legal alert.
Remote Notarization to Return (with a Fully Electronic Option)
In the face of another pandemic surge, New York Governor Kathy Hochul has signed legislation (S1780C) to reinstate remote notarization.
Remote Notarization to Return
In the face of another pandemic surge, New York Governor Kathy Hochul has signed legislation (S01780) to reinstate remote notarization.
End of State of Emergency and Impact on Remote Notarizations
Governor Cuomo announced yesterday that New York’s COVID state of emergency, in place since March 7, 2020, has expired as of today, June 24, 2021. What this means in terms of remote notarization of documents is unclear as the Governor had issued Executive Order 202.7 providing for remote notarization of documents, which had been extended through and including July 5, 2021. In essence, we have conflicting guidelines as to how to treat this issue.
New York State Court Updates to Eviction and Foreclosure Matters
On May 24, 2021, a series of Administrative Orders were issued affecting procedures in residential evictions, commercial evictions, and foreclosure matters. Attorney Alexis M. Florczak provides updates.
The Main Street Lending Program – An Alternative to PPP
The Main Street Lending Program (“MSLP”) is the second COVID-19 loan program being offered to small- to medium-sized businesses that were in sound financial condition prior to the onset of the pandemic, but were either unable to take advantage of the SBA’s Paycheck Protection Program (“PPP”) or are in need of additional funding after already receiving a PPP loan. There is one critical difference between the MSLP and PPP however; the MSLP loan is not forgivable and must be repaid.
Examining Risk Transfer in Construction Agreements
Well written risk transfer clauses are essential in the defense of a construction site accident and may mean the difference between the continuation or failure of an owner’s or general contractor’s family business.
A Whirlwind Introduction to Our New Series on Business Contracts
Now more than ever, we urge our business friends and clients to take this time to reflect on how commercial activities were conducted before the pandemic in the hope of changing the way you effectively conduct business going forward, with the purpose of mitigating or at least reducing your legal risk of exposure.
PPP Changes Will Benefit Small Business Owners
The Paycheck Protection Program Flexibility Act of 2020 was signed into law on June 5th, making the program's lending terms more favorable to small businesses.
With WNY Poised for Phase 2, Is Your Business Ready to Re-open?
This alert summarizes some of the key issues that businesses must consider as they make plans to reopen, including putting together a workplace safety plan.
Eviction Moratorium Extended Though August 20th – What Does That Mean For Landlords?
On May 7th, New York Governor Cuomo extended the moratorium on commercial and residential evictions due to COVID-19 related hardships by another 60 days—through August 20, 2020.
What Happens to Your PPP Loan Forgiveness Amount if a Laid Off Employee Rejects an Offer to Rehire?
For those businesses who obtained a PPP loan, in order to have it forgiven, they may need to get their staff off unemployment and back on the payroll. But what if a laid off employee rejects an offer to rehire?
Governor Cuomo and White House Announce Initial Plans for Reopening the Economy: Is Your Business Ready?
While plans to reopen the economy are still in their earliest stages, now is the time for employers to start preparing to reopen their businesses.
Loan Forgiveness or Not? Pointers for PPP Utilization
Hurwitz & Fine presents a set of business/operational recommendations, which, depending on your particular situation, you may find helpful in managing your PPP loan to maximize loan forgiveness.
Empire State Development Issues Updated Guidance on “Essential Business”
Empire State Development recently issued updated guidance on the meaning of “Essential Businesses” in relation to Gov. Andrew Cuomo’s executive orders pertaining to the state’s response to the COVID-19 pandemic.
SBA Issues Final Interim Rule for Paycheck Protection Program
The U.S. Small Business Administration issued its Interim Final Rule for the Paycheck Protection Program (PPP). Hurwitz & Fine summarizes a few important takeaways.
Lawrence Ross Featured in Training Industry, Inc.
"Interpersonal Relations and Behavioral Concerns in the Workplace" in September 4, 2019 Training Industry.
