Farrell Fritz, P.C.

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400 RXR Plaza
Uniondale, NY 11556-3826, United States
Phone: (516) 227-0700
Areas of Practice
  • Bankruptcy
  • Construction Law
  • Environmental Law
  • Finance & Banking
  • Health
  • Labor & Employment Law
  • Litigation
  • Real Estate
  • Securities Law
  • Taxation
  • Wills, Trusts, & Estate Planning
  • Zoning, Planning & Land Use
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Locations
Other U.S. Locations
  • New York
Number of Attorneys
50-100 Attorneys

Wage and Hour Pitfalls Part 1: What You Need To Know

1. Employers Must Pay “Manual Workers” Weekly. In New York, employers are required to pay manual workers weekly. A “manual worker” includes “a mechanic, workingman or laborer” or individuals who spend more than 25% of…more
 /  Construction Law, Labor & Employment Law

An Attorney Acting ‘With A Pure Heart And An Empty Head’ Is Sanctioned For Spoliating Emails

According to the Complaint filed in Michael Distefano and Nicole Distefano v Law Offices of Barbara H. Katsos, PC and Barbara H. Katsos, Michael DiStefano and a non-party were owners of a limited liability company that was the…more
 /  Civil Procedure, Electronic Discovery

Guidance For North-South Spinoffs

The IRS continues to issue guidance in the much debated area of corporate spinoffs. A recently published ruling examined the federal income tax treatment of the two steps that comprise a so-called “north-south” transaction.” In…more
 /  Business Organizations, Commercial Law & Contracts, Taxation

Rock Hill Golf and Country Club Joins Brookhaven’s Golf Course District

On April 27, 2017, the Town Board of the Town of Brookhaven approved a change of zone for Rock Hill Golf and Country Club from a one-acre residential lot zone to the Golf Course District. Manorville’s Rock Hill is the first…more
 /  Art, Entertainment, & Sports Law, Real Estate - Residential, Zoning, Planning & Land Use

Delaware Ruling Highlights Difference With New York Over Amending LLC Agreements

The common perception among practitioners familiar with the business entity laws of New York and Delaware is that Delaware law generally is friendlier to, and more protective of, majority ownership and management interests…more
 /  Business Organizations, Civil Remedies, Commercial Law & Contracts

Why Care About Business Valuation? Part II

Valuations figure prominently in determining the proper tax treatment of transactions – such as sales, loans, leases, and performance of services – between related taxpayers, including, for example, commonly-controlled business…more
 /  Business Organizations, Commercial Law & Contracts

Why Care About Business Valuation? Part I

One word: “taxes.” There are so many transactions in which the tax consequences visited upon a closely-held business and its owners, and, therefore the true economic cost of the transaction, will depend upon the valuation of the…more
 /  Commercial Law & Contracts, Taxation, Wills, Trusts, & Estate Planning

Town of Southold Expands Scope of Agricultural Use

On April 25, 2017, the Southold Town Board adopted Local Law No. 5 of 2017, which amends the Town’s Zoning Code as it relates to agricultural uses. Specifically, the local law amends and adds certain definitions to the Code in…more
 /  Agriculture, Zoning, Planning & Land Use

Assignment of LLC Interest Defeats Standing Despite Alleged Lack of Consideration

The rules of “standing” in business divorce litigation generally require that the plaintiff have an ownership interest in the business entity at the time of the alleged wrongful conduct and, for derivative claims brought on the…more
 /  Business Organizations, Commercial Law & Contracts, Constitutional Law, Real Estate - Commercial

Aim Carefully Before Pulling Trigger on Shotgun Buy-Sell Agreement

At least on paper, shotgun provisions in shareholder and operating agreements provide an elegant and efficient buy-out solution when business owners can’t get along and need a divorce. In a two-owner company, the one who “pulls…more
 /  Business Organizations, Commercial Law & Contracts, Securities Law

Beware The Restrictive Covenant

Also known as negative easements, restrictive covenants can wreak havoc on the ability to develop property. Recently, in our real estate practice at Farrell Fritz, we have seen two alarming examples…more
 /  Construction Law, Real Estate - Residential, Zoning, Planning & Land Use

Paying The Estate Tax

An Unreasonable Burden? One of the reasons often given in support of the elimination of the estate tax is the economic burden it imposes upon the closely-held business; specifically, the requirement that the 40% federal…more
 /  Commercial Law & Contracts, Taxation, Wills, Trusts, & Estate Planning

S-Corps, Basis & Loss Limitations

In General- It is a basic principle of federal tax law that a taxpayer cannot, for purposes of determining the taxpayer’s taxable income, claim a loss with respect to an investment in excess of the taxpayer’s unrecovered…more
 /  Business Organizations, Commercial Law & Contracts, Taxation

Suing on Behalf of People You’re Suing Can Sink a Derivative Lawsuit — Especially If You Have a Litigious Nature

The U.S. reportedly has the world’s highest number of lawyers per capita (1 for every 300 people) and the 5th highest number of lawsuits per capita (74.5 for every 1,000 people, topped only by Germany, Sweden, Israel, and…more
 /  Business Torts, Civil Procedure, Commercial Law & Contracts, Real Estate - Commercial, Securities Law

Town Of Southampton Decides Not To Require Updated Certificates Of Occupancy For Property Transfers

The Town of Southampton recently held several public hearings to consider a local law requiring an updated certificate of occupancy prior to all property transfers. Specifically, the local law proposed amending Town Code…more
 /  Real Estate - Residential, Zoning, Planning & Land Use
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