The Corporate Transparency Act (CTA), designed to increase transparency and combat financial crime, continues to navigate a complex legal landscape. While the U.S. Supreme Court recently (January 23, 2025) reinstated the government’s ability to enforce the CTA, a separate nationwide injunction from another case challenging the law remains in effect, creating uncertainty for businesses. Key…
Schwartz Ettenger, PLLC, is proud to announce that Michael A. Ferruggia, Esq. has joined the firm as a partner, effective December 9, 2024. With more than 30 years of legal experience, Mr. Ferruggia is a seasoned attorney known for providing exceptional legal counsel to a diverse range of clients, including business owners, real estate developers…
Schwartz Ettenger is delighted to announce that all three partners have been selected as 2024 Super Lawyers in the New York Metro Edition. This prestigious recognition highlights their exceptional legal expertise and dedication to their respective practice areas. The following attorneys have earned this esteemed distinction: 1. Lee A. Schwartz, Esq. – Founding Member (Corporate…
When it comes to sharing information about your estate plan with loved ones, it’s a decision that requires careful consideration of both the benefits and potential drawbacks. Advantages of Sharing Estate Plan Information: Transparency: Sharing details ensures everyone knows what to expect, reducing confusion and conflict later. Understanding of Wishes: Loved ones will have a…
New York State has recently created several new laws that expand the right of employees, job applicants and freelance workers. Employers must be aware of these changes to ensure compliance and avoid fines, penalties and lawsuits. Social Media Protections for Employees and Applicants Effective March 12, 2024, employers are now prohibited from asking employees or…
Did you know that in New York once your child turns 18 you are no longer legally entitled to know anything about them? Their school can’t talk to you, even if you are paying for their education. Their health care providers can’t talk to you, even though you are their parent, and even if they…
On April 23, 2024, the Federal Trade Commission (the “FTC“) published a final rule (the “Final Rule“) banning non-compete clauses. Under the Final Rule, most employers will be barred from entering into new agreements containing non-compete clauses and from enforcing certain existing non-compete clauses against their workers. The Final Rule will become effective 120 days…
Schwartz Ettenger, PLLC, a boutique law firm in Melville, is pleased to announce the promotion of Marci Goldfarb, Esq., from Senior Counsel to Partner, effective immediately. With over 30 years of experience, Marci Goldfarb leads the Trusts and Estates practice at Schwartz Ettenger. Her career has been marked by exceptional advocacy and a proven track…
In the past, probate in New York was a quick process, with Letters Testamentary typically issued within a few months. However, the pandemic has changed that. The Surrogate’s Courts are now facing staffing shortages and a significant backlog, causing delays of six months to a year. What does this mean for you and your heirs?…
Effective February 11, 2024, NYS General Law Section 518 lets New York businesses charge a credit card surcharge, BUT only as long as the price, including the surcharge, is posted upfront and doesn’t exceed the fees they pay to credit card companies. Here’s the major points of the new law: No Surcharges: Businesses cannot add…
BUSINESS OWNERS BEWARE – in its ongoing commitment to employee protection, the State of New York consistently introduces new laws that have a significant impact on employers, potentially impeding their companies and exposing them to the risk of fines and penalties for non-compliance. Minimum Wage Increase Effective January 1, 2024, the minimum wage payable to…
Starting January 1, 2024, a significant change in corporate reporting requirements comes into effect with the effective date of the Corporate Transparency Act (CTA). This new legislation mandates that certain types of companies must disclose specific ownership information to the U.S. Department of the Treasury. Failure to comply with these reporting obligations can result in…
