At Gary Wachtel, we want to help our clients organize their businesses under an entity that provides maximum asset protection and minimum tax impact.  One of the ways to do this is with business succession planning, which is a strategy for passing on leadership roles.  This ensures that the business continues to operate after the...Read More

If you’re looking for a new property to run your business, there are many things that you should take into consideration.  Does the location target the intended audience?  How big of a space do you need?  How much money are you able to spend on the lease?  And most importantly, what should you look for...Read More

When we sign a lease, we’re agreeing to stay in that property for a certain amount of time.  Many people like the stability of knowing that they have rights to that property for 6 months, a year, or even more.  Other people, however, may not want to commit to that much time.  This could be...Read More

New York has a reputation for having a high cost of living.  This can be seen in restaurants, nail salons, apartment prices, and whatever else you can think of.  Another area that is expensive is commercial real estate.  When you’re looking for a commercial lease, there are different factors that are considered in the price:...Read More

As much as we don’t want to admit it, the world runs on money.  In the business world, when a client doesn’t make their payments, it can get the business into financial trouble.  The same thing happens when a tenant doesn’t pay rent to their landlord because the landlord uses that payment to pay off...Read More

As a business owner, it’s crucial that your company is located in an area that will reach your targeted clientele.  When you find the perfect location, you may want to sign your lease as soon as possible so that you can begin operating.  Before you rush into anything, however, it’s important that you carefully review...Read More

When you draft a lease as a landlord, it’s important that you clearly dictate your expectations for the tenant.  That way, there will hopefully not be any confusion when it comes to the agreement.  As a landlord, you hope that your tenant will follow the lease perfectly, but that is not always the case.  There...Read More

As the devastating economic impact caused by the COVID-19 pandemic continues, landlords are left to wonder when and how they are going to be able to enforce their rights to collect rent from their tenants. The answers to these questions are starting to come into focus.   Executive Order 202.28 issued by Governor Cuomo on...Read More

As a business owner, it’s important that you find a great location for your company.  If the business is well-located, it will attract more customers, which is why owners spend a lot of time carefully selecting the right area.  When you finally find the right spot, you can move in and start your business as...Read More

Foreclosure is a legal process in which a lender tries to receive the appropriate amount of money from a borrower by forcing them to sell the asset that the borrower used as collateral for the loan.  When a homeowner fails to pay their mortgage, they could be forfeiting the rights to their home, which means...Read More