Revenue Procedure 2020-34 provides a safe harbor for loan forbearances, lease modifications, and additional capital contributions needed due to the COVID-19 pandemic.
Read MoreThroughout the nation, businesses and real estate owners are facing financial challenges due to coronavirus. If the businesses aren't closed altogether, they may have fewer customers and lower profits, if any. And there are the additional out-of-pocket costs associated with combating COVID-19. In some instances, business interruption insurance or contract risk allocation language may provide relief from COVID-19 financial losses.
Read MoreOn March 4, 2020, the Securities and Exchange Commission (SEC) proposed a new rule, which would clarify and harmonize integration concepts for several types of exempt offerings. The new rule also would shorten the safe harbor in Regulation D from six months to 30 days
Read MoreA recent SEC report reveals that Rule 506(b) remains the overwhelming choice for capital raises among small businesses.
Read MoreAt year-end, businesses and real estate investors should inventory their special purpose entities and decide whether they continue to be necessary.
Read MoreOn September 24, 2019, the IRS issued Revenue Procedure 2019-38, which provides a safe harbor under which income from rental real estate will be qualified business income under Section 199A.
Read MoreNew York and other major metropolitan areas have had rent control laws for decades. Now some state legislatures are taking more control over the landlord-tenant relationship by passing state-wide rent control laws.
Read MoreOn July 15, 2019, SEC and NAASA recently released a Joint Summary of securities law concerns for Qualified Opportunity Zone Funds. Although these funds can provide significant tax benefits, fund sponsors must be careful to comply with securities laws when selling them to investors.
Read MoreTo real estate buyers, title insurance options can be confusing. There is standard and extended coverage, which is limited by exclusions and exceptions. Plus, a buyer can purchase endorsements to provide coverage for specific concerns.
Read MoreOriginally in residence at Cleveland Institute of Music, the Cleveland Quartet moved together as a quartet to State University of University of New York at Buffalo and then to Eastman School of Music. During the quartet’s history, some musicians left the quartet and were replaced. But in 1995, the quartet decided to disband. Years of international travel had taken their toll, and the musicians wanted to pursue other interests including, teaching and orchestral work. Real estate co-owners may make similar decisions to change investments or terminate their relationship.
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