The Cuddy & Feder Blog.

Providing regular updates on the latest issues and developments affecting law and business in Westchester, New York City, the Hudson Valley and Connecticut.

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New York’s Limited Liability Company Transparency Act

May 28, 2024

Michael L. Katz

The New York LLC Transparency Act has been signed into law and takes effect January 1, 2026. Each non-exempt Limited Liability Company (LLC) formed or qualified to do business in New York will be required to file a beneficial ownership disclosure (BOD) with the New York Department of State (DOS). Read More >

New York’s LLC Transparency Act – NYS Limited Liability Company Transparency Act

Corporate, Finance, Non-Profit Organizations, Real Estate

Important Update: FTC Final Rule on Noncompete Clauses

April 26, 2024

Joshua E. Kimerling

On April 23, 2024, the Federal Trade Commission (FTC) issued a final rule banning noncompete clauses in certain employment contracts as an unfair method of competition. This rule is limited to postemployment restraints (i.e. restrictions on what the worker may do after the conclusion of the worker’s employment) and does not apply to in-term restraints (i.e. restrictions on what the worker may do during the worker’s employment). Read More >

FTC Noncompete Ban - FTC Final Rule on Noncompete Clauses

Corporate, Finance, Litigation, Real Estate

Amendment to the Property Condition Disclosure Act

March 28, 2024

Michael L. Katz, Thomai "Amy" Natsoulis

Effective as of March 20, 2024, New York’s Property Condition Disclosure Act, in effect since 2002, no longer permits a seller of residential real estate to opt out of delivering a Property Condition Disclosure Statement by giving the Purchaser a $500 closing credit. Read More >

NYS Property Condition Disclosure as of March 20 2024 – PCDA New York

Corporate, Finance, Real Estate

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