One of the most commonly asked questions among New York investors in commercial real estate is how the classification of property works. You may have heard this classification system used countless times without knowing what it is. It's a huge asset to have at least a...
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Month: December 2021
Tips for selling a business successfully
Selling a business in New York can be a daunting task. There are so many things to think about, and there is no one-size-fits-all approach for selling a business. Thankfully, there are certain things you can do to make the process easier and increase the chances of...
The basics of the Section 1031 like-kind exchange
The Internal Revenue Service (IRS) allows real estate owners to exchange real property without having to take on tax liability. Section 1031 allows that tax-free like-kind exchanges are made in place of having to sell businesses and tangible assets. It's necessary to...