GDB Firm Blog
JUNE 5, 2019
As anyone who has volunteered to serve on a Cooperative or Condominium Board of Directors or Managers has quickly learned, the complexities of supervising the operation of a multi-million dollar real estate business are many. Putting aside that it is generally a thankless task that requires many hours of work, Boards are well advised to recruit other owners to assist in the multiple areas that may require special expertise.
GDB Firm Blog
JUNE 3, 2019
Navigating the minefield of women- and minority-owned business enterprises just got more difficult with a recent upstate appellate decision upholding the de-certification of a women-owned business where the woman president and majority shareholder was found not to exercise sufficient "control" over the company.
GDB Firm Blog
JUNE 3, 2019
For the same reason that I have to worry about DFS cybersecurity rules. Banks can't do business with vendors who do not have appropriate cybersecurity protections. Likewise, lawyers can't deposit escrow money in banks that don't sign a contract agreeing to be bound by the "bounced check rule." I knew at least one bank that was not on the list and was aggressively seeking escrow accounts.
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