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Archive for November 2019

In the News: Condo Owners Can Remain Anonymous After All

A few weeks ago the Long Island real estate market went into an uproar over a new law which required LLCs to disclose the names and addresses of everyone involved in owning a property, including condos. A few days ago, the State Tax Department reversed its stance, excluding condos from the reporting requirement. Instead, the…

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In New York, Anonymous Condo Purchases Are a Thing of the Past

If you’ve ever considered using an LLC to mask your identity while you participated in a real estate deal, you may be unpleasantly surprised by a law that went into effect in September. The new law doesn’t stop you from purchasing the property with an LLC, but it does make your identity completely available to…

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