Philly Legal Blog

00:00 Hi, everybody. Attorney Lee Shlomowitz here. Today, we’re gonna try something a little bit different. you can probably see on my screen flashing by

Today, I delve into the Corporate Transparency Act and Beneficial Owner Information Reports, shedding light on their impact, our preparations, and the urgency surrounding compliance. The video explains the requirements, the drama in courts, and the recent legal developments, emphasizing the importance of timely filing to avoid penalties. Viewers are urged to take action by understanding the implications and ensuring compliance to mitigate potential risks.

Happy New Year! In this video, I discuss a new law taking effect on January 4th, 2025, that will significantly impact many real estate deals in Pennsylvania. The law expands the definition of who needs to be licensed and introduces new compliance requirements for wholesalers, including seller rights to cancel agreements. It’s crucial for wholesalers to understand these changes to avoid non-compliance, but also touches on the way all real estate stakeholders do business. Please reach out if you have any questions or need further clarification!